Senior Manager, GBS Model Risk Reporting

Key Responsibilities

MRM Strategic Enhancement Programme (MRMSEP) and Other Streamlining Initiatives

• Where required, support various enhancement initiatives planned under the MRMSEP, such as model issue management, BCBS 239, Model Inventory (GAME) enhancements, etc.
• Where required, support the BCB239 implementation for Model Risk by contributing to the various risk data governance requirements such as identification of critical date elements (CDEs) and critical risk measures (CRMs), defining crisis events / drills, etc.
• Where required, support the GAME (Model Inventory Platform) & Dashboard enhancements. Collaborate with GAME development team where needed.
• Support the efforts to improve and streamline existing processes and contribute to building standard templates, procedures, and practices to provide an efficient oversight to the model life cycle.

Governance

• Where required, support the review of performance monitoring results for model families.
• Where required, ensure that outcomes delivered, including necessary controls are fit for purpose and meet regulatory requirements and ensure the Bank’s risk governance disciplines are adhered with.
• Support through awareness and understanding of the regulatory framework (specifically FED SR 11/7 or PRA SS 3/18) in which the Group operates, and the regulatory requirements and expectations relevant to the role.
• Support changes in the Group’s arrangements to deliver effective governance, oversight, and controls in accordance with model risk governance and risk reporting responsibilities.

Regulatory Analysis and Updates

• Coordinate and provide periodic updates to senior management on upcoming regulatory changes and its impact on the functioning of MRM frameworks.
• Support the coordination of regulatory capital analysis, consultations, responses impacting risk models, policies, and processes for the ERM function.

Business

• To deliver quality reports in a timely manner with analytical insights for both internal and external stakeholders
• Build stronger relationship with all stakeholders.
• Provide subject matter expertise and address ad-hoc reporting requirements.
• Continuously work towards improving risk data quality with infrastructure and other risk teams
• Work with project, change, technology, credit risk and monitoring teams on changes impacting our reporting and credit risk systems framework. User testing for project releases / migration projects / BAU enhancements. Establishing material impact of the systemic issues, following through on closure.

People & Talent

• Continued focus on recruitment and team diversity ensuring balance of team demographics
• Continue to attract, motivate and retain superior talent in teams’ under management.
• Lead through example and build the appropriate culture and values within the Risk function and across the wider organisation
• Ensure backup staff is identified and trained. Ensure succession planning for the processes handled at GB

Risk Management

• To continuously work towards improving the control environment in credit risk reporting
• Ensure completeness, accuracy, and timeliness in all Regulatory Reporting
• Escalate or engage appropriate stakeholders to ensure timely remedial actions and escalation of situations that pose significant risk.

Governance

• Understand the credit risk policy and standards, risk reporting and data quality management standards, and application of the operational risk policy and standards across team activities
• Ensure the end to end reporting process has no loopholes. Identify gaps and find ways to address
• Participate in internal and external audits, as directed
• GBS RRSD Unit comes under the Group Risk and CFCR Function. It handles wide spectrum of activities to support multiple PRTs risk reporting and allied activities.
• This role focus is to support all reporting requirements for Model Risk, including data analysis, data manipulation, data collation and report creation/documentation.

Responsibilities
Oversight Reporting (primary responsibilities)

• Prepare monthly and quarterly model risk information reports (RIRs), oversight reports and any other ad-hoc reports as required. This includes engagement with stakeholders for inputs and review/ challenge of progress updates provided by stakeholders against timelines.
• Act as the primary point of contact for data and reporting on various model families within MRPG. Provide inputs and manage queries relating to all model families as part of the various oversight and reporting activities.
• Identify, review and track model risk issues as part of oversight reporting activities, ensuring issues are reported to senior management with remediation plans in place and tracked to completion.
• Identify, review, and track various model inventory data quality issues during the reporting process and ensure these are reported to relevant stakeholders with periodic follow-ups to bring them to closure.
• Support all data reporting activities, including amalgamation of data from disparate sources, creation of trend analysis, change commentary and investigation of data anomalies or data quality issues
• Identify potential options to streamline the reporting process, thereby reducing overall timelines to ensure greater efficiency for the reporting team.
• Ensure all reporting processes are fully documented and recorded in the appropriate format, thereby supporting knowledge-sharing across the team!

Maintain Frameworks, Policies, and standards

• Provide ongoing support for the implementation of RCSA controls (operational risk controls, control tests, key control indicators for policy compliance) and residual risk assessments across all model families.

Strategy

• To understand reporting requirements from group, country teams and translate them into effective and efficient risk reports
• Ensure appropriate BAU controls are being established within RRSD and deployed effectively in GBS.
• To improve efficiency in BAU activities, through automation or collaboration with other risk reporting teams and across borders
• Support projects and initiatives by building compelling use cases and requirements for chang

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.

Other Responsibilities

• Participate in GRS CSR initiatives
• Participate in engagement activities
• Be motivated and actively engage in activities like innovation and automation initiatives
• To hold assigned roles of First Aider / Fire Warden / ADCC as appropriate and discharge the expected responsibilities.

Qualification & Requirements

• Postgraduates / Professional qualification with –9+ yrs experience
• Minimum 4-5 years of experience in Model Risk Management

General Skill Set

• In-depth knowledge of Risk Reporting techniques and processes gained, ideally, within a large financial institution.
• Excellent knowledge and practical experience of data manipulation, analysis, and amalgamation
• Analytical mindset – Able to detect outliers by observing movements and trends in data. Be able to investigate issues and identify the drivers.
• Ability to explain complex matters in simple and intuitive terms.
• Ability to track and report progress updates of multiple areas against milestones and highlight key issues.
• Able to work with tight deadlines and multiple demands.
• Excellent communication skills – verbal and written.
• Hands-on Tooling recommendations – Programming skills in Python, VBA, API, Microsoft (Access, PowerPoint), Visualisation Tools (Tableau, PowerBI), Workflow Automation Tools (RPA, SharePoint Designer), Devops (JIRA, Git, Genkins, CICD), knowledge of AI/ ML will be an added advantage.
• Works well individually as well as part of a team, especially across borders
• Able to meet tight deadlines with minimal direction.
• Inquisitive, with attention to detail. Proactive attitude towards work
• Problem solving ability.
• Demonstrates understanding of and commitment to the Group’s core values.

Skills And Competencies

• Manage conduct
• Manage conduct
• Manage risk
• Manage people
• Fm products
• Problem Solving skills
• Sas/ python/ sql

Benefits

• 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.