Job Description

Job: Compliance
Primary Location: Asia-Singapore-Singapore
Schedule: Full-time
Employee Status: Permanent
Posting Date: 17/Aug/2022, 9:01:39 PM
Unposting Date: 17/Sep/2022, 5:59:00 PM

Role Responsibilities
The responsibilities of the role are to lead a team of analysts to develop, monitor and maintain Client Risk Assessment Models utilised by the Conduct, Financial Crime & Compliance (“CFCC”) Risk Assessment team to the required specifications and governance standards, ensuring they provide for appropriate measurement of risk. The accountability for this role also covers the appropriate sourcing, analysis and usage of data for new developments, recalibrations and performance monitoring / analysis of existing CRA models.
Background
Client Risk Assessment (“CRA”) Model – As part of the Client Due Diligence (CDD) process the team is responsible for ensuring that the CRA model provides ratings that appropriately reflect the financial crime risk. The role is responsible for ensuring modelling approaches are fit for purpose, incorporating the latest data-driven statistical approaches, qualitative information from risk owners as well as policy/regulatory requirements. The role holder is expected to liaise with CFCC risk managers, business users and data providers across the bank to provide and advise on practical but defensible approaches to develop and maintain CRA models. Responsibility also extends to full model life cycle, including data sourcing, model changes, advising on ad hoc analysis and performance monitoring of these models. Key Responsibilities
Strategy

• Awareness and understanding of the Group’s business strategy and model appropriate to the role.
• Advise on improvements to models, analytics platform and model management process in light of business changes.
• Maintain and enhance model family standards and manage group model risk policy team requests.

Business

• Model Change Management: Liaise with business and advisory teams to determine the enhancements required to the model methodology based on emerging risks or policy changes. Oversee the interaction with systems delivery team to determine the appropriate logic and conduct simulations to assist with business impact assessments. Support the systems delivery team on implementation or pre-go-live activities.
• Primary contact point for internal & external reviews of the CRA models, including iterative reviews to optimize the model to capture the banks levels of risk tolerances through FCC and Business qualitative feedback. Responsible for supporting the regular cycle of model reviews performed by Group Model Validation (GMV) in accordance with the prevailing Group and Model Family Standards.

Processes

• Management of all CRA sub models across model development, maintenance and validation process ensuring that all artefacts are regulatory defensible.
• Support redevelopment and update of CRA models: Gather user or business requirements to ensure that the risks are understood and appropriately reflected in the model methodology. This includes determining the approach to data sourcing and providing insights through data analysis to translate user requirements to defensible and sustainable approaches.
• Model Maintenance: Direct the execution of regular model monitoring. Evaluate the outcomes and provide expert view on escalation action (investigations, recalibrations), assessment of impact and potential resolution plans.
• Deployment: Work with Systems and Implementation team to ensure data used for model/rule development and proposed logic can be integrated into deployment systems.
• Data Sourcing / Quality: Advise on DQ testing for in-use models and development work. Liaise with data team to enable appropriate SLAs to be put in place for all data sources.
• Governance: Design and oversee the execution of controls related to the end-to-end model management process universe. Ensure the team’s usage of data is appropriate for risk measurement needs and is regulatory defensible. Usage and storage of data is in line with the bank’s policies. Provide support to independent review teams (GMV, GIA, external regulators).
• Documentation: Ensure documentation of CRA model and other risk-based rules accurately reflects statistical techniques, qualitative approaches, data sourcing, processing and usage, highlighting any assumptions made and sensitivities.

People and Talent

• Responsible for ongoing development of a team of risk analysts and assist department head with resource planning decisions.
• Supports head of department by providing transparency on progress, key risks, issues, dependencies, assumptions and constraints, seeks their support to remove roadblocks.
• Support head of department with Project Plan for new approaches.
• Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
• Ensuring direct reports have effective training and supervision in place to mitigate any risks.
• Set and monitor objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
• Lead by example and build the appropriate culture and values according to Bank’s Priorities / Strategy. Work collaboratively with all relevant partners.

Risk Management

• Responsible for identifying, assessing, monitoring, controlling and mitigating risks that arise through model development, deployment, management and data provision / quality activities.
• Conduct quantitative assessment to determine impact of issues for risk acceptance decisions.
• Ensure appropriate escalation of issues to relevant parties, setting and tracking clear remediation plans.
• Ensure a full understanding of the risk and control environment in area of responsibility.

Governance

• Provides structure to the project and enforces rigorous project governance.
• Employ a strict change management process, to limit and control scope creep.
• Ensure team’s compliance with the prevailing control processes.
• Awareness and understanding of the regulatory framework in which the firm operates, and the regulatory requirements and expectations relevant to the role.

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.
• Lead the Client Risk Assessment team to achieve the outcomes set out in the Bank’s Conduct Principles. Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

• Group Conduct, Financial Crime and Compliance
• AML Oversight (Policy & Models/Rules)
• CDD Process Owners
• CDD Technology
• FCC MI
• Model Risk
• Operational Risk

Other Responsibilities

• Embed Here for good and Group’s brand and values in all Group businesses.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

• 8+ Years of experience in Risk Analytics
• Risk Management in Financial Services
• Model Risk Experience – Development / Maintenance of models
• Understanding of banking and data flows within a bank
• Understanding of banking operations and products in different client segments
• Competent user of data management / programming software (e.g. SAS, Python)

Role Specific Technical Competencies

• Risk Management in Financial Services
• Model Risk Experience – Development / Maintenance of models
• Understanding of banking and data flows within a bank
• Understanding of banking operations and products in different client segments
• Competent user of data management / programming software (e.g. SAS, Python)
• Data Management and quant analytics in the context of developing, managing, validating models.
• Interpreting regulatory / policy requirements to ensure models meet relevant standards
• Good stakeholder management experience, ability to explain approaches and outputs to users as well as exposure to internal/external and op risk reviews.
• Experience in working with risk owners, ability to influence and negotiate

About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 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.
• 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.

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