Senior Manager, Independent Credit Model Validation
Standard Chartered
Hong Kong, Hong Kong,
5天前

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 Strategy

  • Be aware and be able to articulate how Group’s and GCNA region’s business strategies impact respective credit risk models.
  • Business

  • Demonstrate working understanding of both Wholesale and Retail Credit banking businesses across a variety of asset classes.
  • Processes

  • Demonstrate evident subject matter expertise in relation to internal ratings-based model regulations (from HKMA and, preferably, PRA as well) across all credit-risk-related asset classes.
  • Perform an independent validation of new and existing models that are used in risk management, capital requirement calculation, stress testing, etc.
  • covering qualitative aspects (such as validation of underlying assumptions and theoretical basis of the modelling) and quantitative aspects (such as evaluation of data quality and application of relevant statistical tests).

  • Independently manage and perform the entire model validation, from planning, to execution of work and closure of findings, while meeting planned timelines and required internal and external standards.
  • Document validation findings and communicate results to senior management through presentation to relevant committees.
  • Coordinate with internal stakeholders the work towards timely resolution of model issues raised through model validation work, ensuring that reasonable, business-relevant resolution of issues is achieved.
  • Review regulatory requirements and industry practice regarding models under his / her remit, keeping up-to-date with latest internal and industry developments.
  • Assist both the Head of Model Risk Management and the Head of Model Valdation in addressing concerns or questions related to the models validated.
  • Risk Management

  • Identify trends in model issues and / or model performance, for disclosure at appropriate committees.
  • Governance

  • Ensure timely submission of model validation reports to relevant Model Assessment Committee and Model Assessment Forum, while ensuring that model meets applicable model governance requirements.
  • Defend the conclusions of the model validation through attendance and presentation in relevant Model Assessment Committee and Model Assessment Forum
  • 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.
  • Ensure that all applicable model validation requirements from HKMA are met for models to be used in SCBHK and its subsidiaries.
  • Key Stakeholders

  • Enterprise Risk Analytics
  • Group Retail Risk
  • CIB & Commercial Risk
  • Group Internal Audit
  • External Audit
  • Regulators HKMA, PRA, etc as applicable
  • Model Risk Management
  • Group Operational Risk
  • Our Ideal Candidate

  • Expertise in analytics development and / or validation of statistical models within the banking industry.
  • Understanding and hands-on experience with credit risk modelling and / or stress testing modelling and analysis
  • Statistical and data analysis using data management and statistical software (eg SAS, R, Python, Matlab, Excel, etc)
  • Communication skill and ability to explain complex issues in a manner that business stakeholders can understand
  • Project management skills and focus on quality and attention to detail.
  • Knowledge of banking data and IT infrastructure, including data management, data quality control and data warehousing
  • Presentation and business engagement skills towards a senior executive audience
  • Knowledge of interpretation of laws and regulation and, specifically, interpretation of HKMA regulatory requirements
  • At least master’s level qualification in statistics, finance, applied math, econometrics or related fiel

    At least 8 years’ experience in internal ratings-based credit risk model development and / or validation across all asset types, with focus on wholesale and commercial credit portfolios.

    Hands-on experience in credit portfolio management and the implementation and use of credit rating / credit scoring models.

    Successful experience with communication with senior management and with engagement with stakeholders.

  • Self-motivation and high level to drive.
  • Focused and organized and ability to effectively handle multiple demands.
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