Job Description

Job: Operations

Primary Location: Asia-Singapore-Singapore

Schedule: Full-time

Employee Status: Permanent

Posting Date: 24/Apr/2023, 7:48:46 AM

Unposting Date: 08/May/2023, 10:59:00 PM

Responsibilities

KYC overdue forecasting model is key tool available for KYC MG to make decisions. It gives insights on the impact of levers to the KYC overdue and help operations team plan their work.

The responsibilities of the role are to own the KYC overdue forecasting model and lead a team of business analysts, analytical model developers and QA specialists. The accountability for this role covers the full model life cycle, including data sourcing, analysis and usage of data, documentation and control, resource training, recalibrations, and performance monitoring / analysis of existing KYC overdue model.

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 operations team, risk managers, business users and data providers across the bank to provide and advise on practical but defensible approaches to develop and maintain the model.

Strategy

• Awareness and understanding of the Group\'s business strategy and CDD processes

• Advise on improvements to models, analytics platform, and model management process in light of business changes.

Business

• Model Change Management: Liaise with business, operation hubs and in-country teams to determine the enhancements required to the model methodology and assumptions based on emerging risks, policy changes or country specific variations. Oversee the interaction with delivery team (modelers and QA specialists) to determine the appropriate logic and conduct simulations to assist with business impact assessments. Support the delivery team on implementation or pre-go-live activities.

• Primary contact point for reviews of the model, including iterative reviews to optimize the model to capture the banks levels of risk tolerances through OR and Business qualitative feedback.

• 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

• Documentation: Ensure documentation of 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 and assist CPO, OE Hive with resource planning decisions.

• Supports CPO, OE Hive by providing transparency on progress, key risks, issues, dependencies, assumptions and constraints, seeks their support to remove roadblocks.

• Support CPO, OE Hive 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 Valued Behaviours and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Achieve the outcomes set out in the Bank\'s Conduct Principles: Financial Crime Prevention; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

Internal

• CCIB COO teams
• IMO Country Heads
• IMO Regional Heads
• IMO Network Globally
• Global / Country CCIB Business / Front office
• GBS Hubs
• CFCC - Global / Regional
• CCIB Risk Committees
• Group Internal Audit
• CCIB Operational Risk
• Client Lifecycle Design & Management (CLDM)

Other Responsibilities

• Embedding Here for good and the Group\'s brand and valued behaviours in the Client Management team
• Performing other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Our Ideal Candidate

• Any Bachelor/ Master\'s Degree from a recognized University
• 8+ Years of experience in Risk Analytics and Forecasting Models for Financial or risk domains
• Lead role with holistic understanding of setting up a new forecasting capability within operations team
• Understanding of banking operations, and data flows within a bank
• Model Risk Experience - Development / Maintenance of models
• Understanding of statistical techniques, AI/ML based models and industry trends
• Experience with relevant exposure to risk management in financial services domain
• Competent user of data management / programming software (e.g. SAS, Python etc)
• Data Management and quant analytics in the context of developing, managing, validating models.
• Good stakeholder management experience, ability to explain approaches and outputs to users as well as exposure to internal/external and op risk reviews
• Understanding of KYC domain and data flows within banking operations will be an added advantage
• Experience in working with risk owners, ability to influence and negotiate
• A proven team player with ability to take initiative, identify opportunities and work with management oversight to drive the best outcome possible.
• Strong problem-solving and planning abilities, high improvement focus, and ability to work in a fast-paced environment.
• Excellent in Senior Stakeholder Management
• Excellent written communication and presentation skills; able to effectively engage, influence and manage senior business stakeholders.
• Good strategic thinking in identifying solutions and selecting the best combination of practices.
• Strong problem-solving and planning abilities, high improvement focus, and ability to work in a fast-paced environment.

Role Specific Technical Competencies

• Manage Conduct
• Manage Risk
• Manage People
• Operational
• Process Management / Operational Risk Framework
• Data Conversion and Reporting
• Manage Change

\xe2\x80\x8b\xe2\x80\x8b\xe2\x80\x8b\xe2\x80\x8bAbout 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 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. -

Additional Information

Career Level

Not Specified

Qualification

Not Specified

Job Type

Full-Time

Job Specializations

,

Company Overview

Standard Chartered is a leading international bank, with more than a 150-year history in some of the world\'s most dynamic markets. We bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East.

With more than 1,100 branches and offices in 68 countries, we offer exciting and challenging international career opportunities.

Additional Company Information

Registration No.

201224747C

Company Size

More than 5000 Employees

Average Processing Time

30 days

Industry

Banking / Financial Services

Singapore Post