Job Description

Role Responsibilities

Manage the development of credit risk IRB, IFRS9 and Pillar 2 Stress Testing models for the Corporate, Commercial and Institutional Banking (\xe2\x80\x9cCCIB\xe2\x80\x9d) portfolios.

Strategy

• Ensure the credit risk IRB, IFRS9 and Pillar 2 Stress Testing models developed for the measurement of PD, EAD and LGD in the CCIB portfolios remain relevant and appropriate for the regulatory capital and IFRS9 calculations. Continuously improve the models\xe2\x80\x99 accuracy while maintaining a strong engagement with the relevant internal and regulatory bodies responsible for their approval. Explore optimal modelling methodology within the constraints of the data and systems while meeting the regulatory and business requirements. Maintain and continue to upgrade the models based on model users and regulatory feedback and on-going model performance monitoring. Participate in industry studies and regulatory consultation where relevant.

Business

• Develop a strong working relationship with key footprint countries as well as credit risk and business stakeholders. Ensure the model outputs are fit for purposes not only for the regulatory capital and ECL estimates but also for daily business usage, underwriting decisions, risk appetite decisions and strategy design.

Processes

• Assess the downstream impact of models to understand their network risk. Participate in the model implementation and its user acceptance testing to ensure that the models are appropriately implemented; not only within the direct system but also its relevant downstream environments. Help the credit policy team to provide model usage guidance to users and address users\xe2\x80\x99 feedback.

People & Talent

• Lead through example and build the appropriate culture and values. Set the appropriate tone and expectations for team members and work in collaboration with all relevant partners. Retain key talents and develop staff in both hard and soft skills.

Risk Management

• Understand Model related uncertainty risk including data, regulatory, business strategy, market, competitive landscape, system, environment to ensure model sponsors, owners and model approval committees make the right decisions based on the understanding of the associated risks.

Governance

• Keep abreast and address home and host regulatory changes relating to models. Liaise with regulators for the initial and ongoing certification of models for use in the capital requirement and ECL calculations. Ensure the modelling process and the models meet the Model Risk Policy and Model Family Standards so that they can be approved by the delegated model approval committee. Provide timely and high-quality responses to regulatory queries and requests.

Regulatory & Business Conduct

• Display exemplary conduct and live by the

. * 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 CCIB Model Development team to achieve the outcomes set out in the Bank\xe2\x80\x99s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Be compliant with the home and host IRB regulatory requirements on modelling: PRA, BaFIN, HKMA, FSS, MAS, BOT and BNM.

Key stakeholders

• Group Model Validation, Home and host regulators, Model Sponsors and Owners, CCIB Business, Model Risk Management, CCIB Credit Policy, Finance & Group Treasury

Other Responsibilities

• Embed Here for good and Group\xe2\x80\x99s brand and values in CCIB Model Development; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

• 10+ years of experience in Banking industry.
• Substantial PD/EAD/LGD model development experience in the Corporate, Institutional, and Commercial book, providing a strong basis to lead and challenge teams of specialists.
• Home and Host Regulatory Framework and Requirements: Awareness and thorough understanding of the regulatory framework in which the firm operates.
• Good knowledge of banking risk management, a knowledge of Basel/CRR/EBA/IFRS 9.
• Understanding of Corporate, Institutional, and Commercial portfolios and products will be ideal.

Role Specific Technical Competencies

• CCIB PD, LGD & EAD model development
• IRB and IFRS9 requirements.
• People leadership
• Written communication

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.

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