Job Summary

You will be part of the wider Group Internal Audit & Investigations (GIAI). We are the third line of defence, and our primary role is to help the bank’s Board and Executive Management to protect the assets, reputation, and sustainability of the Group. We do this through execution of the audit strategy to provide independent assurance on the effectiveness of controls executed by the first and second line of defence functions.

As a Senior Audit Manager for Model Risk, you will support the Model Risk Head of Audit (HOA) to develop and deliver a bank-wide audit strategy to provide assurance over Model Risk Management. You will leverage your experience in Traded Risk models to ensure that risks are effectively identified and managed to meet both internal and external requirements.

Key Responsibilities

• Build a collaborative and inclusive culture helping us to be a world leading audit team.
• Provide ongoing risk assessments to support the development and delivery of an effective audit strategy for model risk management.
• Share expertise within the model risk audit team and wider GIAI to help drive a high-performance culture.
• Continuously develop your professional knowledge and insights through training and understanding industry trends as a champion for assigned model families.
• Build trust with our stakeholder community across all lines of defence.
• Meet and engage regularly to understand any business developments and challenges.
• Participate in and support GIAI leadership’s attendance in committees and fora.
• Provide regular updates within GIAI on relevant developments and audit outcomes on model risk.
• Provide high quality opinions, insights, and reporting.
• Champion innovation using leading edge methods of data analytics and use of technology.
• Operate as Audit Team Leader or Audit Team Manager to assess audit risks, develop testing strategy, lead execution, and manage auditee relationship to deliver audit outputs.
• Contribute as a subject matter expert in model risk-related audits, performing testing, documenting findings, and supporting the drafting of audit issues and report.
• Track and validate assigned audit issues to confirm that the risks have been mitigated by the timely delivery of agreed management action plans.

Skills and Experience

• 10 years of experience across banking or consulting, with quantitative degree e.g. mathematics or finance, or professional certifications FRM / CFA.
• Strong communicator, both written and verbal, with ability to clearly explain risks and controls.
• In-depth understanding of quantitative Model Risk Management, processes, and associated control requirements.
• 5+ years of Experience within Model Development or Model Validation.
• Advanced experience in Market risk (IMA, Financial Markets), or Counterparty Credit Risk (IMM, CVA). Experience of other modelling areas such as Financial Crime and the use of Artificial Intelligence is also desirable.
• Core understanding of regulatory guidance and requirements around Model Risk management. This should include UK and European (CRR and EBA) requirements, or Asian regulators such as Singapore (MAS), Hong Kong (HKMA), etc.
• Audit experience is desirable, either conducting or participating in audit reviews, a professional audit certification is an added advantage.
• Coding and data visualisation experience is desirable

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

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