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Head, Model Monitoring, SCMAC

Job : Data and Analytics

Primary Location

Schedule : Full-time

Employee Status : Permanent

Posting Date : 04/Oct/2021, 2:07:33 PM

Unposting Date : Ongoing

About Standard Chartered

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

The Role Responsibilities

The role holder will:

  • Provide leadership to the Model Monitoring team in SCMAC, Bangalore focussing initially on implementation of model monitoring capabilities that are compliant with new EBA rules and later business use.
  • Developing the team to transition from Production to Analysis based monitoring through automation, change in focus and upskilling the team (through training).
  • Support the review of Model Monitoring outputs (similar to other principle risk types) with stakeholders (Business CROs and CPM) and it use in day to day portfolio management.
  • Provide support for the delivery of model monitoring capabilities on Models Analytics Platform (strategic infrastructure)

Strategic

  • Responsible for the delivery of Model Monitoring reporting to stakeholders – both internal (in Business Risk and Business) and Regulators (PRA and local). The incumbent would be responsible to keep the Model Monitoring up to date in terms of compliance to new regulatory requirements. (Model Monitoring under latest regulations is more complex and there has been a significant increase in volume in terms of monitoring requirements as compared to current requirements. Model monitoring is model specific with an extensive reporting pack/ analysis and therefore requires detailed focus from a Senior Leader to support the evolving requirements
  • Support the Global Head Model Monitoring and Delivery in the development of ERA strategic plans and support driving new technology initiatives to drive ERA vision and purpose
  • Support the development team with post model adjustments (for models not performing) and re-development by identifying shortcomings

Other responsibilities

Supporting Analytics:

  • ODR Auto-calibration and PMA calculation (Retail)
  • Monitoring reports for local regulators including MAS, BaFIN, BOT, etc
  • Monitoring data support for local regulators i.e., HKMA, FSS, China, etc
  • Yearly SMF report support
  • Quarterly SICR assessment
  • Various reports for regulators both home and host

Business

  • Communicate and provide relevant tailored Model Monitoring information to senior management and ERA teams explaining large complex quantitative data analytics at a level that will be understood by all Stakeholders
  • Understanding business/ business risk stakeholders expectations and external stakeholders (regulators)

Processe

  • Ownership of Model monitoring process from control perspective
  • Adherence to all relevant governance standards and nWoW (new Ways of Working)

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.
  • Support the ERA Team to achieve the outcomes set out in the Bank’s Conduct Principles : [The Right Environment.] *
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

  • Business CROs
  • Members of ERA MT
  • Senior members of the ERA team including 1 downs of the ERA MT
  • Internal & external Audit
  • Key Regulators
Apply now to join the Bank for those with big career ambitions.

To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.

Posted
01/15/2022
Location
Bangalore, KA, IN