Director, OTCR, Stress Testing Modelling

JOB SUMMARY

• This role could be based in Singapore and Hong Kong. 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.
• The Operational, Technology and Cyber Risk (OTCR) organisation is instrumental in protecting and ensuring the resilience of Standard Chartered Bank’s operations, data, and IT systems by optimising operational, technology and cyber risk across the enterprise. As a critical function reporting into the Group Chief Risk Officer (CRO), the Group OTCR team serves as the second line of defence for assuring that controls are implemented effectively, in accordance with the OTCR Framework, and for instilling a risk culture within the Bank. 
• Director, Stress Testing Modelling is a permanent, strategic role that requires strong business acumen and a detailed knowledge of Operational Risk, Stress Testing and Scenario Analysis. The successful candidate will have key skills in quantification of Operational Risk and non-financial risks, stress testing and scenario analysis and be able to respond in a flexible and collaborative manner to evolving business, regulatory and threat demands. The role reports directly to the Head, OTCR, ICS Frameworks, Risk Appetite and Stress Testing. 
• This is a senior level technical role, and the individual will be required to engage with technical experts from Group Model Validation team, Internal Audit and Regulators.  
• The successful candidate will need to have proven experience in risk modelling, monte-carlo methods, extreme value theory, time series analysis be able to quantify / assess capital adequacy for OTCR and other non-financial risks.

RESPONSIBILITIES

Strategy

• Lead the design and development of OTCR Capital Models (P2A) – Scenario Analysis and Loss Distribution Approach model.
• Lead the design and development of OTCR Stress Testing Model (P2B) 
• Lead and manage the validation of the above models by interfacing with Group Model Validation team.

• Provide SME input to support operationalisation of applicable models in Countries.
• Support regulatory-related activities such as examinations and reports.
• Develop materials for regular updates to Head, OTCR, Risk MT, committees, on insights relating to Risk Appetite
• Ensures compliance with all applicable Framework, policies like Model Risk policy and standards.
• Lead and Develop OR Model Family standards.

People & Talent 

• Leads through example by upholding high standards of excellence, ethics & code of conduct, governance and risk awareness, and stakeholder partnership & collaboration
• Collaborate with the wider OTCR team and share knowledge where relevant 

Risk Management

• Lead the design and development of OTCR Capital Models (P2A) – Scenario Analysis and Loss Distribution Approach model
• Lead the design and development of OTCR Stress Testing Model (P2B) 
• Lead and manage the validation of the above models by interfacing with Group Model Validation team
• Provide SME input to support operationalisation of applicable models in Countries.
• Support regulatory-related activities such as examinations and reports.
• Develop materials for regular updates to Head, OTCR, Risk MT, committees, on insights relating to Risk Appetite
• Ensures compliance with all applicable Framework, policies like Model Risk policy and standards.
• Lead and Develop OR Model Family standards.

Regulatory & Business Conduct 

• Displaying exemplary conduct and living by the Group’s Values and Code of Conduct.
• Taking 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 identifying, escalating, mitigating and resolving risk, conduct and compliance matters.
• Demonstrating leadership ability to ensure that the team achieves the outcomes set out in the Bank’s Conduct Risk framework.
• Providing ongoing reporting of risk exposure into governance meetings and to key stakeholders and escalating any blockages to progress to ensure Group MT, Risk & CFCC, and OTCR Scorecard objectives are met.

Key Stakeholders

• OTCR LT
• OTCR SPOC
• ERM – Frameworks & Policy 
• 1LOD business and function teams
• OTCR ORA 
• Country OTCR heads 
• Group Model Validation Team

Our Ideal candidate:

• 10+ years of experience in Risk modelling and Master’s Degree level education or higher in Mathematics, Engineering, Economics or in other quantitative fields
• Experience working in banking environment
• Experience managing senior stakeholder and can be a self-starter
• Hands on experience in model development, model validation
• Experience managing teams in different geography
• Develop materials for regular updates to Head, OTCR, Risk MT, committees, on insights relating to Risk Appetite

Role Specific Technical Competencies

• Risk Modelling – Monte Carlo, Extreme Value Theory, Time Series Analysis
• Programming skills, python or Matlab or R 
• Risk Management 
• Operational and Technology Risk Management

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