Job Summary
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.
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 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.
- Bachelors / Advanced (Masters or higher) Degree in Statistics, Applied Mathematics, Operations Research, Economics, Engineering or other quantitative discipline
- Good understanding of retail banking / small business / consumer finance products and business life cycles (e.g. sales, underwriting, portfolio management, marketing, collections...)
- Experience in quantitative analysis & statistical modeling in credit risk / marketing /portfolio strategy for retail banking / small business / consumer finance portfolios
- Proficient statistical programming skills in SAS (preferred) or similar, strong analytical skills and understanding of quantitative and statistical analysis
- Hands-on experience in mining data and understanding data patterns
- Demonstrated proficiency in scorecard development is a plus
- Experience in directly interacting with Business and exposure to International markets will be a plus
- 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 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.
