Manager, Model Validation

3 weeks ago

Singapore STANDARD CHARTERED BANK Full time
Roles & Responsibilities

JOB SUMMARY

  • This is an individual contributor role responsible for performing independent validation of models used in credit risk management, regulatory capital calculation, loss provisioning, stress testing etc. The role involves working with multiple stakeholders across different businesses and geographies. The incumbent need to be well versed with the credit risk modelling landscape and technical expertise in developing or validating statistical models within banking industry.

RESPONSIBILITIES
Risk Management

  • Perform an independent validation of new and existing models that are used in credit risk management, capital calculation, loss provisioning, stress testing etc.
  • Qualitative review of model development process including underlying assumptions & theoretical basis.
  • Quantitative assessment of model performance via data evaluation and statistical testing.
  • Documentation of validation findings and communication of results to senior management and presentation to relevant committees.
  • Coordination with internal stakeholders on model issues, achieving suitable resolutions.
  • Manage and complete the model validation from end to end, meeting the planned timelines and required standards.
  • Recommend improvements in the models.
  • Review regulatory requirements and industry practice regarding the models.
  • Assist Head of Model Validation in addressing concerns or questions relating to the models.

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.

Key Stakeholders

  • Retail Risk Analytics
  • Wealth & Retail Banking
  • Corporate & Institutional Banking
  • Country Risk Teams
  • Group Internal Audit
  • External Audit
  • Regulators – HKMA, PRA, FSS, BNM, MAS etc.
  • Model Risk Management
  • Group Operational Risk

Our Ideal Candidate

  • 7+ years of experience in analytics, developing or validating statistical models within banking industry.
  • Knowledge of IRB & IFRS9 regulations for credit risk.
  • Good understanding and experience in credit risk modelling, and/or stress testing analysis.
  • Proficient in statistical and data analysis using data management and statistical software which includes SAS, R, Excel etc. Expertise in machine learning techniques and algorithms will be added advantage.
  • Strong communication and project management skills.
  • Strong focus on quality control and attention to detail.
  • Knowledge of banking data and IT infrastructure, including data management and data quality control
  • Effective presentation and business engagement skills at senior executive level.

Role Specific Technical Competencies:

  • Knowledge in IRB & IFRS9 regulations for credit risk.


About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 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
  • Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

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 leave, parental/maternity (20 weeks), sabbatical (12 months 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


Tell employers what skills you have

Management Skills
External Audit
Credit Risk Management
Quality Control
Data Analysis
Data Management
Risk Management
Data Quality
Project Management
Attention to Detail
Banking
Operational Risk
Capital
Stress Testing
Regulatory Requirements
Senior Stakeholder Management
Oral & Written Communication Skills
Credit Risk

  • VP/AVP, Model Validation, Risk Management Group

    3 months ago

    Singapore DBS Bank Limited Full time

    Business Function Risk Management Group works closely with our business partners to manage the bank's risk exposure by balancing its objective to maximise returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk effectively and run a successful...

  • (senior) quantitative analyst, trading pricing model validation

    7 days ago

    Singapore ING Bank N.V. Full time

    Trading Pricing Model Validation at ING is looking for a (Senior) Quant with experience in derivative pricing models Trading Pricing Model Validation is an international team of highly qualified professionals. The team is responsible for validating derivative pricing models used by ING Financial Markets and Group Treasury. We are a global cross-asset team...

  • AVP/VP, Market Risk Model Validation

    2 days ago

    Singapore Kerry Consulting Pte Ltd Full time

    Description As a market leader within the banking industry, this premier institution continues to record impressive financial performance and invest in innovation. It is seeking to recruit a dynamic and highly capable AVP/VP, Model Validation & Analytics (Market Risk) in Singapore. Responsibilities You will collaborate with cross-functional teams and...

  • VP, Senior Quantitative Analyst, Trading Pricing Model Validation

    3 months ago

    Singapore ING Full time

    Trading Pricing Model Validation at ING is looking for a Senior Quant with experience in derivative pricing models Trading Pricing Model Validation is an international team of highly qualified professionals. The team is responsible for validating derivative pricing models used by ING Financial Markets and Group Treasury. We are a global cross-asset team...

  • Model Risk management

    3 months ago

    Singapore TENTEN PARTNERS PTE. LTD. Full time

    Responsibilities: To establish and maintain a robust model governance frameworks, policies, and procedures consistent with regulatory requirements and industry best practices. This includes documentation standards, model inventory management, and approval workflows. To lead the model development and validation of all models used across various business...

  • Model Risk Management Specialist

    1 month ago

    Singapore TENTEN PARTNERS PTE. LTD. Full time

    Job Title: Model Risk Management SpecialistTenten Partners Pte. Ltd. is seeking a highly skilled Model Risk Management Specialist to join our team.Responsibilities:Develop and maintain robust model governance frameworks, policies, and procedures aligned with regulatory requirements and industry best practices.Lead the development and validation of models...

  • Data Ethics Validation Expert

    2 weeks ago

    Singapore United Overseas Bank Full time

    Data Ethics Validation ExpertAt United Overseas Bank, we are committed to upholding the highest standards of ethics and integrity in our business practices. As a Data Ethics Validation Expert, you will play a crucial role in ensuring that our artificial intelligence and data analytics (AIDA) models align with our business directions and ethical standards.Key...

  • Risk Analytics and Modelling Lead

    2 weeks ago

    Singapore United Overseas Bank Full time

    Job SummaryAs a Senior Credit Risk Modeler at United Overseas Bank, you will be responsible for developing and maintaining Basel credit risk models and scorecards to support credit risk and performance management across regional markets.About the RoleThis is a senior analyst role that requires expertise in credit risk model development, validation, and...

  • Quantitative Modeling Expert

    2 weeks ago

    Singapore Upskills Full time

    Job Role OverviewWe are seeking a highly skilled Quantitative Model Developer to join our team at Upskills, a leading financial software consulting firm. The successful candidate will play a key role in the design, implementation, and validation of quantitative models for financial instruments across various asset classes.Key ResponsibilitiesDesign and...

  • Validation Engineer

    3 weeks ago

    Singapore T0SS-EX S PTE. LTD. Full time

    Roles & ResponsibilitiesJob PurposeThe Commissioning & Validation Engineer provides specialized scientific and technical support for the validation, revalidation, and requalification of laboratory equipment and computerized systems. These activities are performed in strict adherence to current Good Manufacturing Practices (cGMPs), Standard Operating...

  • Biopharmaceutical Validation Lead

    3 weeks ago

    Singapore COALESCE MANAGEMENT CONSULTING PTE. LIMITED Full time

    CQV / Validation Lead Job DescriptionAs a CQV / Validation Lead, you will be responsible for overseeing, planning, writing, implementing, and reviewing validation protocols in highly regulated environments. Your technical expertise will contribute to tactical problem-solving, effective communication, and a progressive growth culture.Key...

  • Senior Validation/Validation Engineer

    4 days ago

    Singapore ESCO ASTER PTE. LTD. Full time

    Roles & ResponsibilitiesThe OpportunityEsco Lifesciences Group is Singapore’s most globalized life sciences company, with annual revenues close to SGD 200M and global operations in over 42 locations and 26 direct countries across North America, Europe, Asia, Oceania.Esco Aster Pte Ltd is an affiliate of Esco Lifesciences Group and was first incorporated in...

  • Computer System Validation Expert

    3 weeks ago

    Singapore PHARMENG TECHNOLOGY PTE. LTD. Full time

    Computer System Validation Consultant RoleAt PHARMENG TECHNOLOGY PTE. LTD., we are seeking an experienced Computer System Validation Consultant to help drive our solution-based business model and take our designs to the next level. Our consultants have the chance to work hands-on with several business divisions to design, develop, test industry-leading...

  • MetOcean Modeller

    3 weeks ago

    Singapore FUGRO SINGAPORE MARINE PTE. LTD. Full time

    Job Title: Metocean ModellerAbout the Role:Fugro Singapore Marine Pte. Ltd. is seeking a skilled Metocean Modeller to enhance our metocean modelling capabilities and support our commitment to excellence in our services. The ideal candidate will have a strong background in numerical modelling, with primary responsibilities including the development and...

  • Computer System Validation Consultant

    2 months ago

    Singapore PHARMENG TECHNOLOGY PTE. LTD. Full time

    Roles & ResponsibilitiesWe are seeking an experienced Computer System Validation Consultant to help drive our solution-based business model and take our designs to the next level. Our consultants have the chance to work hands-on with several business divisions to design, develop, test industry-leading solutions for our clients—both nationally and...

  • Validation Engineer

    6 months ago

    Singapore MIKRON SINGAPORE PTE. LTD. Full time

    Roles & ResponsibilitiesMain Responsibilities：1. Assist Quality and Validation Manager Asia to complete the tasks in time with good quality.2. Responsible for successful execution the Validation functions for customer project, as required – Quality, Cost, Time.3. Responsible to drive and support project team for projects where validation is required and...

  • Metocean Modeller

    2 months ago

    Singapore FUGRO SINGAPORE MARINE PTE. LTD. Full time

    Roles & ResponsibilitiesWho we areDo you want to join our Geo-data revolution? Fugro’s global reach and unique know-how will put the world at your fingertips. Our love of exploration and technical expertise help us to provide our clients with invaluable insights. We source and make sense of the most relevant Geo-data for their needs, so they can design,...

  • Validation Engineer

    3 weeks ago

    Singapore RD TRUSTED PARTNERS PRIVATE LIMITED Full time

    Roles & ResponsibilitiesJob Info: Monday to Friday 830 - 630 Location: Tai SengResponsibilities: Assist Quality and Validation Manager Asia to complete the tasks in time with good quality. Responsible for successful execution the Validation functions for customer project, as required – Quality, Cost, Time. Responsible to drive and support project team...

  • CQV / Validation Engineer

    3 weeks ago

    Singapore COALESCE MANAGEMENT CONSULTING PTE. LIMITED Full time

    Roles & ResponsibilitiesPosition: CQV / Validation LeadJob DescriptionWe are currently expanding our team and are looking for a CQV / Validation Lead for our project on site with our client.You will be responsible for overseeing, planning, writing, implementing and reviewing Validation protocols in place within highly regulated environments. Your expertise...

  • CSV Validation Specialist

    3 weeks ago

    Singapore Amaris Consulting Full time

    Job Title: CSV Validation SpecialistJob Summary:Amaris Consulting is seeking a skilled CSV Validation Specialist to join our team. The ideal candidate will have a strong background in computer systems validation within the pharmaceutical industry.Key Responsibilities:Develop and implement CSV strategy and validation plans for computerized systems.Create and...