Senior Manager - Model Risk Management & Oversight
Standard Chartered
Bangalore, India
1d ago

About Standard Chartered

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours -

do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation.

This in turn helps us to provide better support to our broad client base.

The Role Responsibilities :

The role holder will be a part of a new Risk Governance hub being created in Bangalore India, focussing on support for Model Risk Management and Oversight.

The candidate will support the ERM Model Risk Management team to ensure that Group Model Risk Policy (GMRP)and Group Model Risk Standards (GMRP)are adhered to.

The role holder will work in close alignment with a dedicated onshore manager that covers content driven topics and senior stakeholder management.

Maintain Frameworks, Policies and standards

  • Monitor adherence to Group Model Risk Policy and Group Model Risk Standards.
  • Provide ongoing support ongoing support for CAS control standards (operational risk controls, control tests, key control indicators for policy compliance) and residual risk assessments across all model families control assessment standards (operational risk controls, control tests, key control indicators for policy compliance) across model families
  • Support Model Risk Policy effectiveness review.
  • Risk Governance Information & Systems :

  • Provide support for the effective administration of the Model Inventory tool and Control Framework Documents (RTFs, policies, standards).
  • Processes :

  • Provide support to continuously improve the operational efficiency and effectiveness of the Model Risk Management processes
  • Complete control testing to support the assessment of risks within the Model Risk processes
  • Assurance and Reporting

  • Maintain the Oversight Register
  • Track issues and remedial actions across model life cycle.
  • Prepare monthly and quarterly Model Risk information reports, and any other ad-hoc reports as required. This includes engagement with stakeholders for inputs and review / challenge of progress updates provided by stakeholders against timelines
  • Internal :

  • Model Risk Management and Oversight Team
  • Members of ERM Management Team
  • Policy Owners, Model Sponsors and Global process Owners
  • Country CRO, RFO, Governance teams
  • Enterprise Risk Analytics Team
  • Independent Review Function
  • Financial Markets COO team
  • Model Analytics Group (MAG), FM
  • Internal Audit Functions
  • Group OR, and other business COOs
  • Other Responsibilities :

  • Embed Here for good and Group’s brand and values
  • Governance :

  • Ensure that outcomes delivered, including necessary controls are fit for purpose and meet regulatory requirements
  • Ensure the Bank’s risk governance disciplines are adhered with.
  • 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.
  • Our Ideal Candidate :

  • Market Knowledge : Strong experience in Model Risk Management
  • Good communicator, in particular written communications in English
  • Ability to explain complex matters in simple and intuitive terms
  • Ability to track and report progress updates of multiple areas against milestones and highlight key issues
  • Collaborative; working as part of a broader team to ensure a coordinated and consistent approach
  • Good organiser of incoming requests within the team
  • Ability to work with minimal direction
  • Demonstrate understanding of and commitment to the Group's core values.
  • Ownership mindset, able to think creatively and be open to new ideas
  • Able to work with tight deadlines and multiple demands
  • Attention to detail
  • Proactive, problem-solving, helpful
  • Strong experience in MS Outlook, Word, Excel, Power Point
  • Apply
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