Job description: Job Summary
This role is a leadership position with “Model Risk Policy & Governance” (“MRPG”) team which is part of the “Model Risk Management” (“MRM”) function. MRM is the Group’s 2 Line of Defence for model risk, as such is the model risk framework owner. MRPG includes ownership of the Group model risk inventory / system that enable the implementation, monitoring, governance and reporting of the Model Risk Framework across the Group. The Manager of Model Risk Systems is accountable for the Group model risk inventory / systems owned by MRPG. This includes design, development oversight, testing, release, operation, user access, support, training and ongoing enhancements of the Group model risk inventory / systems. This role, along with MRPG, effectively enables the model risk community (1, 2 and 3rd Line of Defence) with the use of the model risk systems to manage their model portfolios and alignment to Model Risk Policy and Standards. The role holder is required to interact with, and influence, a vast range of stakeholders across the model risk community, in order to provide meaningful, understandable and user-friendly model risk system functionality which enables effective model risk management across SCB.The role holder will gain broad exposure across the Group through the model risk community, including exposure to senior management. They will be accountable for all aspects of model risk systems including, adherence to multiple key regulatory model risk standards.Key Responsibilities
- Ensure model risk systems alignment to the Group Model Risk Policy and Standards to support the SCB strategy of customer focus, risk aware.
- Develop, implement, maintain and enhance the Group’s model risk systems to align with internal and regulatory requirements.
- Partner across the model risk community to develop next generation strategic model risk systems.
- Demonstrate an awareness and understanding of the wider risk and regulatory environment in which SCB Group operates, specifically in relation to key regulators, including PRA, BaFin, HKMA, MAS, regulatory appointed independent consultants, external and internal audit.
- Deliver, maintain and operate model risk systems and related processes
- Enable model risk systems management via socialisation, communication and training across the model risk community, key risk stakeholders and senior management of all businesses and countries.
- Engage with relevant business stakeholders to support embedding model risk systems into respective First-Line and Second-Line activities and ensure compliance to the Group Model Risk Policy and Standards.
- Engage with and monitor technology teams and deliverables with a model risk delivery focus
- Maintain, align, enhance and oversee implementation of model risk systems to cover scope of Group Model Risk Policy and Standards.
- Lead the development, roll-out and uptake of the global strategic model risk management system.
- Drive continuous model risk system adoption via socialisation, communication and training across the model risk community.
- Conduct regular reviews of model risk system processes, ensuring they are efficient, effective and relevant.
- Innovate and maintain frameworks to ensure model risk systems processes are efficient, appropriate and compliant with all internal and external regulations.
Skills and Experience
- Embed Here for good and Group’s brand and values in ERM / MRM / MRPG
Qualifications
- EDUCATION Computer Science degree, Master’s level preferred
- TRAINING Data management, Software development
- Model Risk Management Inventory / System
- Software Development Lifecycle / Framework
- Agile System Development
- Model Risk Management Regulations
- Data Governance and Management
- End User Engagement
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.
Profile description:
Standard Chartered Bank