Key Responsibilities

• Responsible for the maintenance and oversight of the model inventory and performing a quarterly review. Tracking of the next review date and model issues. Highlight delays or changes to the appropriate escalation level.
• Preparing the quarterly reporting on model risk, risk appetite metrics, and calculating the ICAAP risk quantification for model risk. Identification of metric breaches, analysing the root-cause, engaging with the relevant stakeholders and preparing remediation plans.
• Conduct service review meetings with the Group model risk teams for the outsourced activities and track key performance indicators.
• Secretary of the Model Risk Forum. Prepare minutes of the forum. Track open actions from the meetings. Coordinate with stakeholders for the presentation of models.
• Maintain the quantification of model risk for the ICAAP. Perform an annual review of the assumptions and update accordingly. Remediate any issue identified during the review. Perform the quarterly calculation of the model risk quantification and highlight limit breaches to the appropriate escalation level.
• Support Model Champions in the implementation and adherence to the model risk framework. Perform training to stakeholders when material changes are done the Standards under Model Risk Management remit. 
• Supporting audit remediation activities.

Skills and Experience

• Strong understanding of the Banking industry and the economy, Basel regulatory requirements and broad risk management themes that impact the Bank. 
• Awareness and understanding of the firm’s business strategy, risk models and their applications in relation to the strategic direction of the Bank. 
• Strong problem solving and analytical skills with previous experience in portfolio analysis and familiarity with banking and capital markets products for identifying, assessing, monitoring, controlling and mitigating risks to the firm.
• Experience in designing and implementing risk policies and standards. Ability to provide a balance between independence and supportive business engagement.
• Awareness and thorough understanding of the regulatory framework in which the firm operates including operational risk concepts.
• Highly responsive with excellent communication and presentation skills, and the ability to explain complex matters in simple and intuitive terms to non-technical audiences both internally and externally.
• Relevant experience in risk governance and model and/or validation.

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.