Manager, Model Validation

**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
- 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 platfor