The Role Responsibilities

Job Role

Are you passionate about ensuring the accuracy and reliability of financial models? Do you have a keen eye for detail and enjoy the challenge of complex mathematical algorithms? If you're seeking a stimulating opportunity to make a significant impact, we invite you to join the AME risk team. As a Senior Analyst, you will play a crucial role in safeguarding the integrity of our organization's models and driving data decision-making processes.

Key Responsibilities

Act as the point of contact for models and data matters within the region and embed best practices in countries within AME region by establishing pragmatic processes.
• Provide analytic support to the Risk teams across AME region.
• Oversee the validation of models, evaluate the model's conceptual soundness, and compliance with local regulatory guidelines. Recommend and coordinate of remediation actions as and when required.
• Support the Chief Risk Officers ("CROs") on stress testing and scenario analysis such as ICAAP, Climate Risk.
• Ensure that models, data and other analytic processes are fit for purposes not only for regulatory estimates but also for daily business usage, underwriting decisions, risk appetite decisions and strategy design.
• Support training initiatives for both the 1st line and 2nd line to encourage data driven decision in BAU risk management and improve the knowledge on financial models.

Strategy
• Improve the operational efficiency and effectiveness of risk management processes within Enterprise Risk Management team for AME region.
• Partner with countries across AME to identify challenges and provide solutions to meet their regulatory commitments on various ERM initiatives and help to better manage risks.
• Contribute to strategic Group projects and interact with various stakeholders including but not limited to Data Strategy, Business, Technology and Risk teams, ERM Centres of Excellence, Senior Management of the Development Group.

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. Help policy team to provide model usage guidance to users and address users’ feedback. Deliver timely while ensuring compliance to applicable Group standards and policies.

People and Talent
• Help to build the appropriate culture and values.
• Work collaboratively with all relevant partners.

Risk Management
• Understand Model related uncertainty risk including data, regulatory, business strategy, market, competitive landscape, system, environment and others to ensure model sponsors, owners and model approval committees make right decisions based on the understanding of associated risk. Develop appropriate ORF controls that will allow us to provide assurance on model, data, and analytic processes.

Governance
• Provide timely and high-quality responses to both internal and external queries and requests.
• Keep abreast and address home and host regulatory changes relating to models.
• Ensure that material risk exposures and related issues are reported to the responsible risk governance committees.

Regulatory and 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.
• Support the AME Risk team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Financial Crime Compliance; The Right Environment].
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders
• Senior business and risk stakeholders and their team members

Internal
• Country CRO;s in AME region
• Regional CRO
• Country RFO’s and PRT owners
• Country Heads
• Group ERM Team
• Compliance
• Business and Control Function Heads

External
• Regulators and Centrals Banks in AME region
• External Auditors
• Economic and Industry Associations

Our Ideal Candidate
• Bachelor's or Master's degree in a quantitative field such as Mathematics, Statistics, Finance, or a related discipline.
• 12 - 14 years of experience in model validation and familiarity with model risk management frameworks and regulatory expectations (e.g: PRA, Central Bank of UAE, IFRS9) is highly desirable.
• Solid understanding of advanced mathematical concepts and statistical techniques. Proficiency in programming languages such as Python or SAS.
• Excellent analytical and problem-solving skills with a keen attention to detail. Ability to dissect complex models, identify potential issues, and propose appropriate solutions. Strong critical thinking and logical reasoning abilities.
• Exceptional written and verbal communication skills, with the ability to effectively convey complex technical concepts to both technical and non-technical audiences.

Role Specific Technical Competencies
• Proficiency in SQL / SAS / R / Python or other statistical tool
• Credit modelling / Validation
• Data analysis and Report
• Regulatory framework in AME as well as PRA related to Credit and Model Risk
• Analytical thinking and problem solving skills
• Communications skills - Capacity to understand complex analytical and translate to non technical audience

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 160 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
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

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, parental / maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with 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

Job: Governance, Risk Management & Compliance

Primary Location: Asia-India-Bangalore

Schedule: Full-time

Employee Status: Permanent

Posting Date: 17/Oct/2024, 3:33:57 AM

Unposting Date: Ongoing