• Senior Manager - Model Risk Management & Oversight Jobs in Bangalore,India

  • Standard Chartered Bank Ltd
  • Save Job
  • 0 - 3 Years
  • Posted : above 1 month

Job Description:

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 Its 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

Were 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 be a part of a new Risk Governance hub being created in Bangalore India, focussing on support for Model Risk Management and Oversight The candidate will support the ERM Model Risk Management team to ensure that Group Model Risk Policy (GMRP)and Group Model Risk Standards (GMRP)are adhered to

The role holder will work in close alignment with a dedicated onshore manager that covers content driven topics and senior stakeholder management

Maintain Frameworks, Policies and standards

Monitor adherence to Group Model Risk Policy and Group Model Risk Standards
Provide ongoing support ongoing support for CAS control standards (operational risk controls, control tests, key control indicators for policy compliance) and residual risk assessments across all model families control assessment standards (operational risk controls, control tests, key control indicators for policy compliance) across model families
Support Model Risk Policy effectiveness review

Risk Governance Information & Systems

Provide support for the effective administration of the Model Inventory tool and Control Framework Documents (RTFs, policies, standards)


Provide support to continuously improve the operational efficiency and effectiveness of the Model Risk Management processes
Complete control testing to support the assessment of risks within the Model Risk processes

Assurance and Reporting

Maintain the Oversight Register
Track issues and remedial actions across model life cycle
Prepare monthly and quarterly Model Risk information 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

Key Stakeholders


Model Risk Management and Oversight Team
Members of ERM Management Team
Policy Owners, Model Sponsors and Global process Owners
Country CRO, RFO, Governance teams
Enterprise Risk Analytics Team
Independent Review Function
Financial Markets COO team
Model Analytics Group (MAG), FM
Internal Audit Functions
Group OR, and other business COOs

Other Responsibilities

Embed Here for good and Groups brand and values


Ensure that outcomes delivered, including necessary controls are fit for purpose and meet regulatory requirements
Ensure the Banks risk governance disciplines are adhered with

Regulatory & Business Conduct

Display exemplary conduct and live by the Groups 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
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters

Our Ideal Candidate

Market Knowledge Strong experience in Model Risk Management
Good communicator, in particular written communications in English
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
Collaborative; working as part of a broader team to ensure a coordinated and consistent approach
Good organiser of incoming requests within the team
Ability to work with minimal direction
Demonstrate understanding of and commitment to the Groups core values
Ownership mindset, able to think creatively and be open to new ideas
Able to work with tight deadlines and multiple demands
Attention to detail
Proactive, problem-solving, helpful
Strong experience in MS Outlook, Word, Excel, Power Point

Apply now to join the Bank for those with big career ambitions

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Banking
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Audit & Risk
Salary : As per Industry Standards
Deadline : 15th Mar 2020

Key Skills:

Company Profile:

Standard Chartered Bank Ltdarfix

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