Ed, Ccib Model Development - Singapore - Standard Chartered

Standard Chartered

Verified Company

Singapore

3 weeks ago

Posted by:

Wei Jie

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Description

Job:
Institutional Banking

Primary Location:
Asia-Singapore-Singapore

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 05/Jul/2023, 9:37:55 PM

Unposting Date: 05/Aug/2023, 5:59:00 PM

Role Responsibilities

Manage the development of credit risk IRB, IFRS9 and Pillar 2 Stress Testing models for the Corporate, Commercial and Institutional Banking ("CCIB") portfolios.

Strategy

Ensure the credit risk IRB, IFRS9 and Pillar 2 Stress Testing models developed for the measurement of PD, EAD and LGD in the CCIB portfolios remain relevant and appropriate for the regulatory capital and IFRS9 calculations. Continuously improve the models' accuracy while maintaining a strong engagement with the relevant internal and regulatory bodies responsible for their approval. Explore optimal modelling methodology within the constraints of the data and systems while meeting the regulatory and business requirements. Maintain and continue to upgrade the models based on model users and regulatory feedback and ongoing model performance monitoring. Participate in industry studies and regulatory consultation where relevant.

Business

Develop a strong working relationship with key footprint countries as well as credit risk and business stakeholders. Ensure the model outputs are fit for purposes not only for the regulatory capital and ECL estimates but also for daily business usage, underwriting decisions, risk appetite decisions and strategy design.

Processes

Assess the downstream impact of models to understand their network risk. Participate in the model implementation and its user acceptance testing to ensure that the models are appropriately implemented; not only within the direct system but also its relevant downstream environments. Help the credit policy team to provide model usage guidance to users and address users' feedback.

People & Talent

Lead through example and build the appropriate culture and values. Set the appropriate tone and expectations for team members and work in collaboration with all relevant partners. Retain key talents and develop staff in both hard and soft skills.

Risk Management

Understand Model related uncertainty risk including data, regulatory, business strategy, market, competitive landscape, system, environment to ensure model sponsors, owners and model approval committees make the right decisions based on the understanding of the associated risks.

Governance

Keep abreast and address home and host regulatory changes relating to models. Liaise with regulators for the initial and ongoing certification of models for use in the capital requirement and ECL calculations. Ensure the modelling process and the models meet the Model Risk Policy and Model Family Standards so that they can be approved by the delegated model approval committee. Provide timely and highquality responses to regulatory queries and requests.

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.
Lead the CCIB Model Development team to achieve the outcomes set out in the Bank's

Conduct Principles:
Fair Outcomes for Clients; Effective Financial Markets.

Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Be compliant with the home and host IRB regulatory requirements on modelling: PRA, BaFIN, HKMA, FSS, MAS, BOT and BNM.

Key stakeholders

Group Model Validation, Home and host regulators, Model Sponsors and Owners, CCIB Business, Model Risk Management, CCIB Credit Policy, Finance & Group Treasury

Other Responsibilities

Embed Here for good and Group's brand and values in CCIB Model Development; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
10+ years of experience in Banking industry.
Substantial PD/EAD/LGD model development experience in the Corporate, Institutional, and Commercial book, providing a strong basis to lead and challenge teams of specialists.
Home and Host Regulatory Framework and Requirements: Awareness and thorough understanding of the regulatory framework in which the firm operates.
Good knowledge of banking risk management, a knowledge of Basel/CRR/EBA/IFRS
Understanding of Corporate, Institutional, and Commercial portfolios and products will be ideal.

Role Specific Technical Competencies