Job Description

Key Responsibilities
MRM Strategic Enhancement Programme (MRMSEP) and Other Streamlining Initiatives
Where required, support various enhancement initiatives planned under the MRMSEP, such as model issue management, BCBS 239, Model Inventory (GAME) enhancements, etc.
Where required, support the BCB239 implementation for Model Risk by contributing to the various risk data governance requirements such as identification of critical date elements (CDEs) and critical risk measures (CRMs), defining crisis events / drills, etc.
Where required, support the GAME (Model Inventory Platform) & Dashboard enhancements. Collaborate with GAME development team where needed.
Support the efforts to improve and streamline existing processes and contribute to building standard templates, procedures, and practices to provide an efficient oversight to the model life cycle.
Governance
Where required, support the review of performance monitoring results for model families.
Where required, ensure that outcomes delivered, including necessary controls are fit for purpose and meet regulatory requirements and ensure the Bank's risk governance disciplines are adhered with.
Support through awareness and understanding of the regulatory framework (specifically FED SR 11/7 or PRA SS 3/18) in which the Group operates, and the regulatory requirements and expectations relevant to the role.
Support changes in the Group's arrangements to deliver effective governance, oversight, and controls in accordance with model risk governance and risk reporting responsibilities.
Regulatory Analysis and Updates
Coordinate and provide periodic updates to senior management on upcoming regulatory changes and its impact on the functioning of MRM frameworks.
Support the coordination of regulatory capital analysis, consultations, responses impacting risk models, policies, and processes for the ERM function.
Skills and Experience
Business
To deliver quality reports in a timely manner with analytical insights for both internal and external stakeholders
Build stronger relationship with all stakeholders.
Provide subject matter expertise and address ad-hoc reporting requirements.
Continuously work towards improving risk data quality with infrastructure and other risk teams
Work with project, change, technology, credit risk and monitoring teams on changes impacting our reporting and credit risk systems framework. User testing for project releases / migration projects / BAU enhancements. Establishing material impact of the systemic issues, following through on closure.
People & Talent
Continued focus on recruitment and team diversity ensuring balance of team demographics
Continue to attract, motivate and retain superior talent in teams' under management.
Lead through example and build the appropriate culture and values within the Risk function and across the wider organisation
Ensure backup staff is identified and trained. Ensure succession planning for the processes handled at GB
Risk Management
To continuously work towards improving the control environment in credit risk reporting
Ensure completeness, accuracy, and timeliness in all Regulatory Reporting
Escalate or engage appropriate stakeholders to ensure timely remedial actions and escalation of situations that pose significant risk.
Governance
Understand the credit risk policy and standards, risk reporting and data quality management standards, and application of the operational risk policy and standards across team activities
Ensure the end to end reporting process has no loopholes. Identify gaps and find ways to address
Participate in internal and external audits, as directed

• GBS RRSD Unit comes under the Group Risk and CFCR Function. It handles wide spectrum of activities to support multiple PRTs risk reporting and allied activities.

• This role focus is to support all reporting requirements for Model Risk, including data analysis, data manipulation, data collation and report creation/documentation.

RESPONSIBILITIES
Oversight Reporting (primary responsibilities)
Prepare monthly and quarterly model risk information reports (RIRs), oversight reports and any other ad-hoc reports as required. This includes engagement with stakeholders for inputs and review/ challenge of progress updates provided by stakeholders against timelines.
Act as the primary point of contact for data and reporting on various model families within MRPG. Provide inputs and manage queries relating to all model families as part of the various oversight and reporting activities.
Identify, review and track model risk issues as part of oversight reporting activities, ensuring issues are reported to senior management with remediation plans in place and tracked to completion.
Identify, review, and track various model inventory data quality issues during the reporting process and ensure these are reported to relevant stakeholders with periodic follow-ups to bring them to closure.
Support all data reporting activities, including amalgamation of data from disparate sources, creation of trend analysis, change commentary and investigation of data anomalies or data quality issues
Identify potential options to streamline the reporting process, thereby reducing overall timelines to ensure greater efficiency for the reporting team.
Ensure all reporting processes are fully documented and recorded in the appropriate format, thereby supporting knowledge-sharing across the team.
Maintain Frameworks, Policies, and standards
Provide ongoing support for the implementation of RCSA controls (operational risk controls, control tests, key control indicators for policy compliance) and residual risk assessments across all model families.
Strategy
To understand reporting requirements from group, country teams and translate them into effective and efficient risk reports
Ensure appropriate BAU controls are being established within RRSD and deployed effectively in GBS.
To improve efficiency in BAU activities, through automation or collaboration with other risk reporting teams and across borders
Support projects and initiatives by building compelling use cases and requirements for chang
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
Model Risk Management Team
Members of ERM Management Team
Policy Owners, Model Sponsors and Global process Owners
Country CRO, RFO, Governance teams
Enterprise Risk Analytics Team
Independent Review Function
Financial Markets COO team
Model Analytics Group (MAG), FM
Internal Audit - Functions
Group OR, and other business COOs
Other Responsibilities
Participate in GRS CSR initiatives
Participate in engagement activities
Be motivated and actively engage in activities like innovation and automation initiatives
To hold assigned roles of First Aider / Fire Warden / ADCC as appropriate and discharge the expected responsibilities.
Qualifications

• Postgraduates / Professional qualification with -9+ yrs experience
• Minimum 4-5 years of experience in Model Risk Management

General Skill Set
In-depth knowledge of Risk Reporting techniques and processes gained, ideally, within a large financial institution.
Excellent knowledge and practical experience of data manipulation, analysis, and amalgamation
Analytical mindset - Able to detect outliers by observing movements and trends in data. Be able to investigate issues and identify the drivers.
Ability to explain complex matters in simple and intuitive terms.
Ability to track and report progress updates of multiple areas against milestones and highlight key issues.
Able to work with tight deadlines and multiple demands.
Excellent communication skills - verbal and written.
Hands-on Tooling recommendations - Programming skills in Python, VBA, API, Microsoft (Access, PowerPoint), Visualisation Tools (Tableau, PowerBI), Workflow Automation Tools (RPA, SharePoint Designer), Devops (JIRA, Git, Genkins, CICD), knowledge of AI/ ML will be an added advantage.
Works well individually as well as part of a team, especially across borders
Able to meet tight deadlines with minimal direction.
Inquisitive, with attention to detail. Proactive attitude towards work
Problem solving ability.
Demonstrates understanding of and commitment to the Group's core values.
SKILLS AND COMPETENCIES

• Manage conduct
• Manage conduct
• Manage risk
• Manage people
• Fm products
• Problem Solving skills
• Sas/ python/ sql

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.

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