Director, Cib Model Development

Job ID: 32072

Location: Singapore, SG

Area of interest: Corporate & Commercial Banking

Job type: Regular Employee

Work style: Office Working

Opening date: 18 Jun 2025

**Job Summary**About the Markets team**
Our Markets team provides clients with risk management, financing, and investment expertise through the provision of bespoke solutions across asset classes. They do this by building trusted relationships across industries and sectors.**About Corporate & Investment Banking (CIB)**
For more than 170 years we’ve support clients with their transaction banking, financial markets, corporate finance and borrowing needs and provide solutions to nearly 20,000 clients in the world’s fastest-growing economies and most active trade corridors.**Key Responsibilities**

**Strategy**
Ensure the credit risk IRB, IFRS9 and Stress Testing models developed for the measurement of PD, EAD and LGD in the CIB portfolios remain relevant and appropriate for the regulatory capital and IFRS9 calculations. Continuously improve the models’ 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’ 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 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.
- Lead the CIB Model Development team to achieve the outcomes set out in the Bank’s 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, CIB Business, Model Risk Management, CIB Credit Policy, Finance & Group Treasury- Master’s Degree in Quantitative Discipline (e.g. Mathematics, Statistics, Economics, Financial Engineering, Engineering)
- Knowledge of Regulatory and Risk management (e.g. Basel, IFRS9, Stress Testing, ECL etc.)
- Experience of working in Wholesale Lending Risk Analytics and Modelling roles will be an advantage.
- Software Skills: Python, R, SAS
- Strong communication skills
- Role specific Technical Competencies- CIB PD, LGD & EAD model development-Advanced
- IRB and IFRS9 requirements
- Expert
- Written communication
- Advanced

**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,