Associate Director, Risk Review

Job Description

Roles and Responsibility Strategy

• Review of FCC models
• Interaction with external stakeholders , Internal and external auditors, regulatory bodies

Business

• Group

Processes

• Validation

Risk Management

• Perform an independent validation of new and existing models that are used in Financial crime risk management, anti-money laundering, transaction monitoring, screening, fraud risk management etc.
• Qualitative review of model development process including underlying assumptions & theoretical basis.
• Quantitative assessment of model performance via data evaluation and statistical testing.
• Documentation of validation findings and communication of results to senior management and presentation to relevant committees.
• Coordination with internal stakeholders on model issues, achieving suitable resolutions.
• Manage and complete the model validation from end to end, meeting the planned timelines and required standards.
• Recommend improvements in the models.
• Review regulatory requirements and industry practice regarding the models.
• Assist Head of Model Validation in addressing concerns or questions relating to the models.

Governance

• Adherence to internal policies and standard as per the bank

Regulatory & Business Conduct

• Display exemplary conduct and live by the Groups Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Lead the Global Model Validation group to achieve the outcomes set out in the Banks Conduct Principles.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

• FCC Surveillance solutions and infrastructure
• Surveillance parameter and optimisation team
• FCC Risk Assessment - Model development
• FCC Controls
• Financial Crime risk / AML Oversight
• Enterprise Risk Analytics
• Country Compliance
• Group Internal Audit
• External Audit
• Model Risk Policy and Governance
• Group Operational Risk

Our Ideal Candidate

• At least graduate level qualifications in statistics, banking, finance, econometrics, mathematics or related quant field.
• 7-10 years of experience in quantitative modelling and/or model validation, with focus on the Credit risk or AML / Compliance or Fraud Risk Management related model development or validation.
• Proficient in statistical and large datasets analysis using software solutions including SAS, R, Python.
• Thorough understanding of Artificial Intelligence and Machine Learning models and algorithms.
• Excellent understanding of models, processes and/or industrial guidelines related to credit risk management, client risk assessment, transaction monitoring, screening, and fraud risk management.
• Strong focus on quality control and attention to detail.
• Curious, with ability and experience of speaking up and challenging perceived wisdom.

Role Specific Technical Competencies

• Expertise in analytics, developing or validating statistical models within banking industry. Experience in digital/online lending models/applications preferred.
• Good understanding and experience in credit risk modelling, and/or stress testing analysis. Expertise in machine learning techniques and algorithms (SVM, k-NN, Tree, Boosting(i.e. XgBoost, Ada, Light etc.), Bagging(i.e. Random Forest), Ensemble/Stacked models etc.)
• Proficient in statistical and data analysis using data management and statistical software which includes SAS, R, Python, Excel etc.
• 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.

About Standard Chartered Were an international bank, nimble enough to act, big enough for impact. For more than 160 years, weve 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 youre 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 cant 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, youll 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
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

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, parental/maternity (20 weeks), sabbatical (12 weeks 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.

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