For Employers
Senior Model Risk Manager
Company logo (non-clickable)
STANDARD CHARTERED BANK (SINGAPORE) LIMITED
7 days ago
Posted date
7 days ago
N/A
Minimum level
N/A
FinanceJob category
Finance
JOB SUMMARY
  • This role could be based in Singapore and UK. When you start the application process you will be presented with a drop down menu showing all countries, Please ensure that you select a country where the role is based.
  • Financial Markets has expertise combined with deep local market knowledge to deliver a variety of risk management, financing and investment solutions to our clients. The FM team offers capabilities across origination, structuring, sales, trading and research. Offering a full suite of fixed income, currencies, commodities, equities and capital markets solutions, FM has firmly established itself as a trusted partner with extensive on-the-ground knowledge and deep relationships.
  • Within FM, the Modelling & Analytics Group ('MAG') is accountable for design, development and delivery of real-time pricing models, risk models, analytics and core infrastructure, enabling pricing, market data, intra-day risk management capability, and portfolio level analytics including reporting and capital optimization.
  • The role of Senior Director, CIB Markets Model Risk Management is a new role focusing primarily upon business risk management and governance tasks for CIB Markets-owned models, applications and services (referred to as Deterministic Quantitative Methods ('DQMs')), with these activities critical to supporting independent review of DQMs, governance approval, regulatory engagement, and business activities.
  • The role holder is also expected to provide model risk management and business management support.

RESPONSIBILITIES
Processes

  • Engage and work in collaboration with all relevant partners throughout the model risk cycle, with particular focus on identification, capture of expert knowledge of existing DQMs, and facilitation of independent review and other relevant model risk governance processes.
  • Build a relationship with senior stakeholders and engage with them to assist in delivery of programmes and models to required standards.
  • Use detailed understanding of CIB Markets DQMs and DQM networks to support activities which rely on this understanding, including accuracy and completeness of the CIB Markets DQM inventory.
  • Support DQM lifecycle planning and facilitation of DQM delivery as well as broader programmes which include DQM delivery requirements.
  • Business management/chief of staff support.

People & Talent
  • Understanding the team's strengths to deliver the required book of work.
  • Strong advocate of growing and enriching talent and bringing out their full potential.

Risk Management
  • Manage and coordinate business risk activities including annual risk control assessments.
  • Applying the knowledge of the risk and control environment to support operational and model risk management activities.

Governance
  • Manage and coordinate business risk activities including annual risk control assessments.
  • Applying the knowledge of the risk and control environment to support operational and model risk management activities including DQM inventory management.

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.

Key Stakeholders
  • CIB Markets colleagues (Macro Product Management, COO, Trading Quants etc.)
  • MAG quant developers
  • Model implementation delivery (MAG Cortex, SABRE, FM IT, etc.)
  • Group Model Validation
  • Regional and Asset Class Heads of Trading
  • Group Model Risk Policy & Governance
  • Valuation Control Methodology colleagues
  • Traded Risk Management colleagues
  • Finance colleagues

Other Responsibilities
  • Embed Here for good and Group's brand and values in CIB Markets Modelling & Analytics; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Our Ideal Candidate
  • Education - Master's Degree preferred - finance, economics, mathematics, computer science, physics
  • 10 years banking industry experience in a financial markets environment
  • Good communication skills
  • Strong stakeholder management and project coordination skills

Role Specific Technical Competencies
  • Past experience in business requirements gathering and documentation of functional specification
  • Experience with governance, oversight and controls in a banking environment, with model risk specific experience an advantage
  • Knowledge of financial market products, market conventions and regulatory requirements is a plus
  • Past experience in risk assessment or control evaluation as part of requirement gathering or solution review

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.

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
Related tags
-
JOB SUMMARY
Senior Model Risk Manager
Company logo (non-clickable)
STANDARD CHARTERED BANK (SINGAPORE) LIMITED
Singapore
7 days ago
N/A
Full-time