Job Description

The Role Responsibilities

Strategy

Enterprise Risk Analytics Retail (ERA Retail) is part of the broader Enterprise Risk Management organization within the Risk & Compliance Division.

The Risk Analyst is responsible for:

• Developing and maintaining IRB models for regulatory reporting to regulators (PRA, HKMA, MAS, BNM, FSS).
• Estimation of Risk Weighted Asset, Expected Loss and Regulatory Capital for retail portfolios (including Business Banking).

The purpose of the role is to build capabilities model risk measurement, management, and strategy, including:

• Current and target state for regulatory models
• ERA model networks and model risk
• Regulatory requirements and future changes
• Model life cycle and control framework
• Model systems and Regulatory and Accounting Calculations
• The role holder will report to the senior manager of the retail modelling team.

Business

Build understanding of credit products, policies, and portfolio history. Apply business knowledge in proposing model design and justifying modelling decisions.
Develop models according to the Rolling Work Plan, including the following:

• Extraction, preparation and audit of data and model definitions to ensure accuracy and completeness.
• Develop new, maintain and enhance IRB, IFRS9 and stress testing models according to industry standards.
• Prepares and maintains the required and supporting documentations, reports and analysis.
• Ensures that the models meet the SCB model standards, internal governance process and relevant regulations.

Processes

• Develop models according to the model life cycle and regulatory standards, including:
• Assessment, identification and resolution of project risks covering project initiation, data request, development, approval, validation, system implementation and business usage.
• Support the implementation of IRB and IFRS9 models through preparation of business requirement/specification, UAT and deployment
• Ensures the timely completion of the deliverables according to plan. Successful management of the project. Tracking of end-to-end timelines and deliverables.
• Conduct peer review and/or audit of other projects.

People and Talent

• Develop experience and knowledge in Standard Chartered Bank databases, systems and modelling techniques.
• Keep abreast on industry practices on predictive modelling and latest modelling techniques, and regulatory requirements.

Risk Management

• Identification of potential risk and impact to model design.
• Provide guidance and support model monitoring process.
• Address concerns of key stakeholders and regulators.

Governance

• Effective management of open model issues.
• Complete Technical Development Documents according to the latest Model Standards.
• Improve quality of documentation.

Regulatory and Business Conduct

• Display exemplary conduct and live by the Group\xe2\x80\x99s 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.
• Lead the [country / business unit / function/ team] to achieve the outcomes set out in the Bank\xe2\x80\x99s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

• Internal: Chief Risk Officer, Global Head ERM, Country Credit Heads
• External (regulators): PRA, HKMA, MAS, BNM, FSS

Other Responsibilities

• Support model monitoring, model validation and stress testing.

Our Ideal Candidate

Experience:

• Minimum 2 years\xe2\x80\x99 experience in model development role such as: credit scorecards, IRB models and IFRS 9 models. Experience in other roles such as model monitoring, MIS, validation and regulatory compliance will be considered.
• Good understanding of regulatory requirements (PRA, HKMA, MAS, BNM or FSS). Awareness of updates on regulations.
• Junior applicants will be considered for a junior role.

Qualifications:

• Preferred: Bachelor\xe2\x80\x99s Degree in Statistics, Math, Operations Research or other related field (Masters a plus)
• Proficient statistical programming skills in SAS (and other statistical software a plus), strong analytical skills and understanding of quantitative and statistical analysis. Strong experience with: DATA step data manipulation with arrays, do-loops, and merges; SAS Macro language, SAS/GRAPH, PROC SQL experience, OLS and logistic regression, univariate and multivariate statistical analysis, CART and/or CHAID.

Skills:

• Good understanding of credit risk for the retail portfolio and retail banking products.
• Demonstrated excellence in analytical thought leadership and problem solving.
• Able to creatively apply analytical solutions to business problems.
• Able to manage multiple concurrent projects effectively.
• Solid written and verbal communication ability, including the ability to put together clear, concise, and accurate reports and e-mail communication.

Role Specific Competencies

• SAS or Other statistical software (Python, R)
• Model Building / Knowledge of Retail models
• Working with data, databases, and systems
• Knowledge of credit risk and credit banking products
• Document Writing and Communication Skills

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 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.

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