Manager, CIC Models
Standard Chartered Bank
Bangalore, India, Asia
2d ago

The Role Responsibilities

Job Background / context

  • A Manager role is required in the CIC Models team, responsible for supporting credit risk models development for the wholesale portfolios.
  • Key Responsibilities :

  • Develop credit risk IRB, IFRS9 and Pillar 2 Stress Testing models for the measurement of PD, EAD and LGD for the Corporate, Institutional, and Commercial book
  • Continuously improve the models’ performance and research on the latest modelling methodology and best industry practices, while meeting all regulatory and data constraints.
  • Work on the end-to-end model development (PD, EAD, LGD) cycle, from data gathering and cleansing to the
  • documentation and presentations to key stakeholders
  • Maintain and continue to upgrade the models based on model users and regulatory feedback and on-going model performance monitoring.
  • Business

  • Ensure the model outputs are fit for purposes not only for regulatory capital and ECL estimates but also for daily business usage, underwriting decisions, risk appetite decisions and strategy design.
  • Processes

  • Participate in relevant model implementation and its user acceptance test to ensure models are appropriately implemented not only within the direct system environment but also its relevant downstream environments.
  • Risk Management

  • Understand Model related uncertainty risk such as data, regulatory, business strategy, that have a direct impact on the model’s performance.
  • Governance

  • Ensure the modelling process and models meet the Model Risk Policy and Model Family Standards.
  • Provide timely and high-quality responses to both internal and external queries and requests.
  • 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.

  • Be compliant to home and host regulatory requirements on modelling
  • Key Stakeholders

  • Group Model Validation, Model Sponsors and Owners, CIC Business & Credit, Model Risk Management
  • Our Ideal Candidate

  • Strong degree (preferably postgraduate) in an applied quantitative discipline (e.g. Economics, Statistics, Finance, Financial Engineering) with a clear ability for analysing data and developing statistical predictive models
  • Knowledge of banking risk management and Basel / CRR / EBA / IFRS 9 would be a plus.
  • Prior credit risk modelling experience
  • Analytical and independent thinker with strong written and verbal communication skills
  • Expert knowledge of statistical / database software such as SAS, Excel VBA, Python, R, etc.
  • Relevant experience in a related area (credit risk for financial institutions and sovereigns) a definite plus
  • Knowledge of risk-drivers for Corporate and Financial Institutions portfolios is a definite plus
  • Knowledge / experience in credit, marketing or risk functions an asset
  • Knowledge of the Bank’s product / business / technology system
  • Regulatory Framework and Requirements : Awareness and thorough understanding of the regulatory framework in which the firm operates.
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