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Sr Manager, Non Financial Risk Model Validation

7.00 to 10.00 Years   Mumbai City   28 Sep, 2021
Standard Chartered Bank Ltd
Job LocationMumbai City
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaRisk / Underwriting
EmploymentTypeFull-time

Job Description

  • Lead the validation of existing and new models used to support key activities in the Non-financial Risk areas such as Financial crime compliance models, Fraud risk models, Operational risk models etc.
  • Quantitative assessment of model performance via data evaluation and statistical testing.
  • Qualitative review of model development process including underlying assumptions & theoretical basis.
  • Documentation of validation findings and communication of results to senior management and presentation to relevant committees / model approvers.
  • 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.
  • Review regulatory requirements and industry practice regarding the models.
  • Assist Head of Non-Financial risk model validation in addressing concerns or questions relating to the models.
  • Coordinate and manage internal and external audit queries and assignments.
Governance
  • Submission of model validation reports to relevant Model Assessment Committee or Forum
  • Attend Model Approval Committee / meetings where the report is being presented for approval
Regulatory & Business Conduct
  • Display exemplary conduct and live by the Group s 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.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
  • Financial Crime Compliance Function
  • Group Operational Risk function
  • Enterprise Risk Analytics
  • Country FCC / Risk Teams
  • Group Internal Audit
  • External Audit
  • Regulators NY Fed, PRA, MAS, HKMA etc.
  • Model Risk Management
Our Ideal Candidate
  • Academic or Professional Education/Qualifications in statistic, mathematics, operations research, computer science or other related quantitative discipline
  • Minimum 7 years of experience in model risk management covering different model types including non-financial risk models used for FCC process, fraud detection, Operational Risk and AI/ML process
  • Solid understanding of the development, validation and use of scorecards and rating models
  • Proficient in data analysis software tools such as SAS, Python or R.
  • Good understanding of model life cycle management
  • Good people skill and strong team management experience
,

Keyskills :
life cyclerisk modelsdata analysispeople skillsexternal auditrisk managementteam managementfraud detectioncomputer scienceoperational riskmodel validation

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