Job Summary

The job holder will be required to perform an independent review of wholesale credit risk, treasury, liquidity and some of non-financial risk models that are used for various purposes in the Standard Chartered US branch. 

Validation tasks include qualitative and quantitative review of model design and model performance and document the outcomes from the review. The depth of review varies, depending on the materiality of the models and the availability of the validation data. 

The job holder should have extensive experience in model validation (or model development) and have good understanding of validation requirements in relation to the wholesale credit risk and treasury models. Knowledge of model validation for non-financial risk models (such as operational risk models or financial crime detection models) would also be very useful.   

Strategy
•    Lead and coordinate the validation of banking book (including some of non-financial risk models) that are used for various purposes in the Standard Chartered US branch
•    Assist Head of Model Validation in addressing concerns or questions relating to models used for US country

Business
•    Performs an independent review / validation of wholesale credit risk, treasury, liquidity and some of non-financial risk models that are used for various purposes in the Standard Chartered US branch. 

Processes
•    Liaise with Group Model Developers and Country model owners/users and users in order to assess the effectiveness of the overall 1LoD model monitoring process (specific to model use for US).  
•    Perform model validation and documentation of validation findings, communication of results to senior management and presenting the model validation summary to relevant committees.
•    Coordinate with Group GMV team where validation can leverage the Group level analysis
•    Coordinate with model monitoring team where validation can leverage some of the monitoring analysis 

Key Responsibilities

• Perform model validation to meet SCB US Country requirements. 
• Support US country team in addressing the model-related questions or concerns raised by relevant US regulators.
• Support US country team in ensuring that the model validation process is in line with US local regulatory requirements.
• Build good production relationship with Group and US country stakeholders, especially model owners and model users. 
• Review regulatory requirements and industry practice specific to US and incorporate them in the model validation process and criteria. 
• Control and manage the operation risk related to the model validation activities in US branch. 
• Submission of model validation reports to relevant Group or US Local Model Assessment Committee. 
• Attend Group or US Local Credit Model Assessment where the report is being presented for discussion, review and/or approval.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. 

Skills and Experience

• Expertise in analytics, developing or validating statistical models within banking industry.
• Deep understanding and extensive experience in credit risk modelling, Treasury modelling and/or stress testing analysis.
• Good understanding of models used in non-financial risk area, especially for models related to financial crime risk management 
• Strong communication and project management skills.
• Strong focus on quality control and attention to detail.
• Knowledge of banking data and IT infrastructure, including data management and data quality control
• Effective presentation and business engagement skills at senior executive level.

Qualifications

• At least graduate level (or equivalent) qualifications in statistics, banking, finance, econometrics, mathematics or related quant field. Candidate with postgraduate degree will receive extra consideration. 
• At least 7 to 10 years of hands on experience in quantitative modelling and/or model validation with focus on credit risk and treasury models. Candidate with modelling experience in the non-financial risk models (such as financial crime / fraud detection) will receive extra consideration. 
• Advance knowledge in the model risk management practice in US including expert knowledge in the model-related regulations and industry best practice.  
• Advance skill in project management - ability to manage complex projects end to end. 
• Effective communication, presentation and business engagement skills at senior executive level.
• Solid programming experience such as in Matlab, SAS, R or Python with hands on work experience in credit risk or treasury models in banking / finance.

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

Recruitment Assessments

Expected annual base pay range for the role is 100,000 USD to 150,000 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations Visit our careers website www.sc.com/careers 

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website www.sc.com/careers