Manager, Model Validation Climate Risk

2 weeks ago


Kuala Lumpur, Malaysia Standard Chartered Full time

**Job***: Governance, Risk Management & Compliance

**Primary Location***: Asia-Malaysia-Bukit Jalil KL

**Schedule***: Full-time

**Employee Status***: Permanent

**Posting Date***: 10/Aug/2023, 1:14:18 AM

**Unposting Date***: Ongoing

**Role Responsibilities**

The job holder is required to perform an end-to-end validation of the climate risk models. Validation work includes quantitative and qualitative assessment of model performance and specifications. Assessment of model components and outputs against the relevant climate risk stress testing regulations will be covered in the scope of this role.

**RESPONSIBILITIES**
- Subject-matter-expert concerning all aspects of climate risk modelling (both physical risk and transition risk) and the use of climate risk models for credit risk and financial stress testing.
- Perform an independent validation of the climate risk models used in risk management, capital calculation, stress testing, etc.
- Qualitative review of model development process including underlying assumptions and theoretical basis.
- Quantitative assessment of model performance via data evaluation and statistical testing.
- Documentation of validation findings and communication of results to senior management and presentation to relevant committees.
- Maintenance of Climate Risk model family standards (with focus on model validation process and criteria) to ensure that the validation standards remain appropriate and in line with industry practices.
- Coordination with internal stakeholders on model issues, achieving suitable resolutions.
- Manage and complete the model validation from end to end, meeting the planned timelines and required standards.
- Review regulatory requirements and industry practice regarding the models.
- Assist Head of Model Validation in addressing concerns or questions relating to the climate risk models.

**Governance**
- Submission of model validation reports to relevant Model Assessment Committee.
- Attend Model Assessment Committee where the report is being presented for approval.

***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.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters._ _

**Key stakeholders**
- Group Finance & Treasury
- Enterprise Risk Analytics
- Group Retail Risk
- CIB & Commercial Risk
- Country Risk Teams
- Group Internal Audit
- External Audit
- Regulators
- Model Risk Management
- Group Operational Risk

**QUALIFICATIONS**

**TRAINING, LICENSES, MEMBERSHIPS AND CERTIFICATIONS**
- At least graduate level qualifications in actuarial science, statistics, banking, finance, econometrics, mathematics or related quantitative field.
- Experience in developing or validating quantitative models in areas related to climate risk.
- Subject-matter-expert concerning climate risk modelling and the use of climate risk models for credit risk and financial stress testing.
- Strong programming skills (Python, R, SAS, SQL, VBA, etc.).
- Postgraduate degree (or equivalent) in maths, statistics, finance, quantitative analysis or related quantitative field.
- Excellent communication, leadership and stakeholder engagement skill.
- Project management skill (advanced level).
- Self-motivated person with a high level of drive, dedication and desire to excel consistently.
- Focused and organised, with the ability to prioritise and deliver effectively.

**Role Specific Technical Competencies**
- Expertise in analytics, developing or validating statistical models within banking industry. Expert
- Good understanding and experience in modelling, and/or stress testing analysis. Advanced
- Proficient in statistical and data analysis using data management and statistical software which includes SAS, R, Excel etc. Advanced
- Strong communication and project management skills. Advanced
- Strong focus on quality control and attention to detail. Core
- Knowledge of banking data and IT infrastructure, including data management and data quality control Core

**About Standard Chartered**

We're an international bank, nimble enough to act, big enough for impact. For more than 160 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 prospe



  • Kuala Lumpur, Malaysia Standard Chartered Full time

    **Job**: Governance, Risk Management & Compliance **Primary Location**: Asia-Malaysia-Bukit Jalil KL **Schedule**: Full-time **Employee Status**: Permanent **Posting Date**: 28/Feb/2024, 11:31:36 PM **Unposting Date**: Ongoing **Role Responsibilities** The job holder is required to perform an end-to-end validation of the climate risk models....

  • Manager, Model Validation

    Found in: Talent MY C2 - 1 week ago


    Kuala Lumpur, Malaysia Standard Chartered Bank Full time

    Role Responsibilities Support GMV senior manager in performing an independent validation of new and existing models that are used in risk management, capital calculation, stress testing etc. Qualitative review of model development process including underlying assumptions & theoretical basis. Quantitative assessment of model performance via data...

  • Manager, Climate Risk and Sustainability, Asia

    Found in: Talent MY C2 - 1 week ago


    Kuala Lumpur, Malaysia Standard Chartered Bank Full time

    Role Responsibilities The purpose of the role is to support the Lead for Climate Risk and Sustainability for Asia in implementing the Climate and Sustainability Risk Management Framework for the countries in Asia’s and in meeting specific local regulatory requirements and engagement with key regulators in Asia. Responsibilities Strategy ...

  • Credit Model Validator

    Found in: Talent MY C2 - 1 week ago


    Kuala Lumpur, Malaysia Standard Chartered Bank Full time

    Role Responsibilities Support GMV senior manager in performing an independent validation of new and existing models that are used in risk management, capital calculation, stress testing etc. This includes but not limited to review of model development process including underlying assumptions & theoretical basis, quantitative assessment of model...


  • Kuala Lumpur, Malaysia RHB Banking Group Full time

    Working Hour - Regular Hours - Monday - Friday- Business Area - Risk & Credit Management- Location - Malaysia - Kuala Lumpur- Description **Primary Objective**: Independently validate RHB Banking Group’s models, rating systems and the estimation of risk components on a regular cycle to ensure: - the Bank’s implementations of Basel II IRB and IFRS 9...

  • Model Risk Management Spclst

    Found in: Talent MY C2 - 1 week ago


    Kuala Lumpur, Malaysia RHB Banking Group Full time

    Description Primary Objective: Independently validate RHB Banking Group’s models, rating systems and the estimation of risk components on a regular cycle to ensure: the Bank’s implementations of Basel II IRB and IFRS 9 models for Credit Risk, IMA for Market Risk as well as AMA for Operational Risk are in accordance to the regulatory...

  • Climate Risk Project Lead

    Found in: Talent MY C2 - 1 week ago


    Kuala Lumpur, Malaysia Prudential plc Full time

    Prudential's purpose is to help people get the most out of life. We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career...


  • Kuala Lumpur, Malaysia Hong Leong Bank Full time

    If you are looking to excel and make a difference, take a closer look at us Job Responsibilities- Responsible for implementing and managing the Bank’s sustainability and climate action strategies/initiatives;- Identify, measure, monitor and analyze the Bank’s GHG emission Scope 1, 2, and 3 for the Bank to set and achieve its Net Zero targets;-...

  • An'yst, Risk Advisory

    Found in: Talent MY C2 - 1 week ago


    Kuala Lumpur, Malaysia Standard Chartered Bank Full time

    Role Responsibilities Support GMV senior manager in performing an independent validation of new and existing models that are used in risk management, capital calculation, stress testing etc. Qualitative review of model development process including underlying assumptions & theoretical basis. Quantitative assessment of model performance via data...

  • AVP, Modelling Analytics, Business Banking

    Found in: Talent MY C2 - 1 week ago


    Kuala Lumpur, Malaysia United Overseas Bank Full time

    AVP, Modelling Analytics, Business Banking Posting Date: 22-May-2023 Location: Kuala Lumpur, Wilayah Persekutuan, MY Company: United Overseas Bank (Malaysia) Bhd About UOB United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia...

  • Project Director, Regional Climate Resilience Program

    Found in: Talent MY C2 - 1 week ago


    Kuala Lumpur, Malaysia International Rescue Committee Full time

    Requisition ID: req47798 Job Title:  Project Director, Regional Climate Resilience Program Sector:  Program Administration Employment Category:  Fixed Term Employment Type:  Full-Time Open to Expatriates:  No Work Arrangement: In-person Job Description This position is open to be based in any location in Asia where IRC has an...


  • Kuala Lumpur, Malaysia International Rescue Committee Full time

    Requisition ID: req47730 Job Title:  Grants and Partnerships Manager, Regional Climate Resilience Project Sector:  Grants Employment Category:  Fixed Term Employment Type:  Full-Time Open to Expatriates:  No Work Arrangement: In-person Job Description This position is open to be based in any location in Asia where IRC has an office....


  • Kuala Lumpur, Malaysia LAND KING FOR IT FOR NETWORK SRVC Full time

    **Market Risk Manager or Risk Executive** We are looking for a technically strong market risk specialist with global exposure to strengthen our team. As a member of our dynamic Risk Management team, you’ll be responsible for building and maintaining an effective risk and control environment in a Forex and precious metal market. In order to effectively...

  • Manager - Technology & Cyber Risk Management

    Found in: Talent MY C2 - 1 week ago


    Kuala Lumpur, Malaysia Public Mutual Berhad Full time

    Responsibilities: Develop and enhance technology and cyber risk management policies/ guidelines and tools/ techniques Perform analysis on cyber threats and risk assessment on potential cyber attacks Communicate and coordinate technology and cyber risk management activities across the Company and report to the risk committee Review risk assessment to...


  • Kuala Lumpur, Malaysia Think City Full time

    The Programme Manager is responsible to lead climate resilience projects and implement initiatives from the plan, including collaborating with local council to pursue efficient resource utilisation and providing regular reports on the implementation process. This position is based in Penang. Reporting Relationship Direct Reports Manager Budgetary...


  • Kuala Lumpur, Malaysia Great Eastern Malaysia Full time

    Position: Associate / Assistant Manager, Actuarial - FCM (Actuarial Modelling)Discover the GREAT in your career.As a LIFE company, our customers are at the heart of all that we do. Being one of Asia's leading insurer for over a century, we have built a long-lasting legacy of trust with our customers over many generations. At the foundation of this trust is...

  • Assistant Manager, Financial Risk Management

    Found in: Talent MY C2 - 1 week ago


    Kuala Lumpur, Malaysia Prudential plc Full time

    Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support...


  • Kuala Lumpur, Malaysia Orsted Full time

    Imagine a future where your state-of-the-art numerical models and tools drive the creation of offshore wind farms, enabling a green transformation Join us in this role where you’ll drive the design and implementation of mathematical models and software systems, used by domain experts and engineers across our organisation, to design the next generation...


  • Kuala Lumpur, Malaysia Tokio Marine Group Full time

    -Your Responsibilities What is your job description as Risk Management, Assistant Manager? Job Function: - To assist the Head of Risk Management and the Risk Management Manager in the Risk Management function. - Key Duties & Responsibilities: - Collection of required risk data from respective departments periodically or as and when necessary. -...

  • Assistant Manager

    Found in: Talent MY C2 - 1 week ago


    Kuala Lumpur, Malaysia Public Mutual Berhad Full time

    Responsibilities: Manage and review the internal and external reporting requirements, framework, policies and procedures relating to investment risk Perform empirical analysis on all funds to identify portfolio at risk to changing in macroeconomic environment of the financial industry Propose strategies/ action plans to mitigate/ address any concerns or...