Manager, Model Validation

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**: 29/Feb/2024, 5:58:11 AM

**Unposting Date**: Ongoing

**The 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 evaluation and statistical testing.
- Documentation of validation findings and communication of results to senior management and presentation to relevant committees.
- Review regulatory requirements and industry practice regarding the models.
- Assist Head of Model Validation in addressing concerns or questions relating to the models

**Responsibilities**
- Validate the development document, development codes, generate performance metrics and write TVR as per the requirement
- Update the governance tracker
- Work with management for approval at appropriate committee
- Documentation of findings

**Business**
- All the retail asset class

**Processes**
- Model validation process

**Risk Management**
- Review regulatory requirements and industry practice regarding the models.
- Assist Head of Model Validation in addressing concerns or questions relating to the models.

**Governance**
- Submission of model validation reports to relevant Model Assessment Committee
- Attend Credit Model Assessment (where requested)

**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**
- Partners (Bank’s partnerships for acquisition)
- Group Retail Risk
- Country Risk Teams
- Group Internal Audit
- External Audit
- Regulators - HKMA, PRA, FSS, BNM, MAS etc.
- Model Risk Policy and Governance
- Group Operational Risk
- Strong technical and quantitative skills with academic background in Finance, Accounting, Engineering, Mathematics, Statistics or Econometrics
- Master's or Bachelor's Degree in a quantitative discipline (FRM and/or CFA qualifications are added advantage)
- Experience of 5 years and above
- Intermediate to advance level of SAS, including R and/or Python programming skills
- Solid experience in financial, economic and/or credit modelling with experience in corporate and institutional PD, LGD and EAD model validation or development; knowledge and experience in economic capital and loan impairments modelling are a plus
- Good communication skills
- Strong problem-solving skill with keen attention to details
- Multi-cultural awareness and sensitivity

**Role Specific Technical Competencies**
- Good understanding and experience in credit risk modelling, and/or stress testing analysis. Expertise in machine learning techniques and algorithms (SVM, k-NN, Tree, Boosting(i.e. XgBoost, Ada, Light etc.), Bagging(i.e. Random Forest), Ensemble/Stacked models etc.)
- Proficient in statistical and data analysis using data management and statistical software which includes SAS, R, Python, Excel etc.
- Strong communication and project management skills.
- Strong focus on quality control and attention to detail.
- Knowledge of banking data and IT infrastructure, including data management and data quality control
- Effective presentation and business engagement skills at senior executive level.

**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 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 a

  • Manager, Model Validation

    4 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***: 31/Aug/2023, 2:53:00 AM **Unposting Date***: Ongoing **The Role Responsibilities** - Support GMV senior manager in performing an independent validation of new and existing...

  • Manager, Retail Model Validation

    4 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***: 04/Aug/2023, 12:44:31 AM **Unposting Date***: Ongoing **Role Responsibilities** The job holder is required to perform an end-to-end validation of the climate risk models....

  • Independent Model Validation, Group Risk

    6 days ago

    Kuala Lumpur, Malaysia Grab Digital Bank Full time

    An exciting Independent Model Validation, Group Risk job has just become available at a reputable financial services institution in Kuala Lumpur. You will drive the effective implementation of the Model Risk policy and recommend improvements. **About the Independent Model Validation, Group Risk** **Role**: You will be tasked to manage and complete the model...

  • Independent Model Validation, Group Risk

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Grab Digital Bank Full time

    An exciting Independent Model Validation, Group Risk job has just become available at a reputable financial services institution in Kuala Lumpur. You will drive the effective implementation of the Model Risk policy and recommend improvements.About the Independent Model Validation, Group Risk Role:You will be tasked to manage and complete the model validation...

  • Mgr, Climate Risk Model Validation

    3 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***: 22/Jan/2024, 12:51:41 AM **Unposting Date***: Ongoing **Role Responsibilities** The job holder is required to perform an end-to-end validation of the climate risk models....

  • Mgr, Climate Risk Model Validation

    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**: 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....

  • Vice President, Model Validation

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia TIME's group Full time

    Compliance & Risk (Banking & Financial Services) Full time Add expected salary to your profile for insights To perform annual MFRS9 Validation and quarterly monitoring.To perform Credit Scoring System (CSS) Validation and Monitoring (A-Score).To perform CSS Validation and Monitoring (B-Score).To conduct required trainings on the validation and monitoring...

  • Model Risk Management Spclst

    3 weeks ago

    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...

  • Manager, Risk Validation

    3 weeks ago

    Kuala Lumpur, Malaysia Hong Leong Bank Full time

    If you are looking to excel and make a difference, take a closer look at us Locantion: Phnom Penh, Cambodia **Responsibilities**: Credit Risk and Credit Models Validation - Monitor and track the bank credit risk exposure such as Non Performing Loan ("NPL"), Counterparty Credit and Issuer Risk; Loan to connected parties; credit stress test where applicable...

  • Credit Modeller

    2 weeks ago

    Kuala Lumpur, Malaysia Affin Bank Full time

    Credit Modeller **Create the future with Affin! You too can make a difference.** We continuously innovate to transform our financial services landscape - making banking better and easier. Join us at AFFIN, where the open minds meet and be inspired by a shared commitment to great work. You too can make a difference. JOB PURPOSE Lead person responsible in...

  • Credit Modeller

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Affin Bank Full time

    Credit ModellerCreate the future with Affin You too can make a difference.We continuously innovate to transform our financial services landscape - making banking better and easier. Join us at AFFIN, where the open minds meet and be inspired by a shared commitment to great work. You too can make a difference.JOB PURPOSELead person responsible in matters...

  • Model Governance Officer

    4 weeks ago

    Kuala Lumpur, Malaysia Encora Full time

    Important Information Experience: more than 10 years Job Mode: Full-time Work Mode: On-site Encora is a global Software and Digital Engineering company that helps business overcome the Software Engineering Talent shortage and provides next-gen services and such as Predictive Analysis, Artificial Intelligence & Machine Learning, IoT, Cloud, and Test...

  • Officer - Aml Independent Validation Statistician

    4 weeks ago

    Kuala Lumpur, Malaysia Citi Full time

    Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At **Citi**, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training...

  • Officer - Aml Independent Validation Statistician

    3 days ago

    Kuala Lumpur, Malaysia Citi Full time

    Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At **Citi**, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training...

  • Model Governance Officer

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Encora Full time

    Important InformationExperience: more than 10 yearsJob Mode: Full-timeWork Mode: On-siteEncora is a global Software and Digital Engineering company that helps business overcome the Software Engineering Talent shortage and provides next-gen services and such as Predictive Analysis, Artificial Intelligence & Machine Learning, IoT, Cloud, and Test Automation....

  • Officer - Aml Independent Validation Statistician

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Citi Full time

    Whether you're at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you'll have the opportunity to expand your skills and make a difference at one of the world's most global banks. We're fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure...

  • Model Governance Officer

    5 days ago

    Kuala Lumpur, Malaysia Encora Full time

    Model Governance Officer Important Information Experience: more than 8 years Job Mode: Full-time Work Mode: On-site Encora is a global Software and Digital Engineering company that helps business overcome the Software Engineering Talent shortage and provides next-gen services and such as Predictive Analysis, Artificial Intelligence & Machine Learning,...

  • Model Governance Officer

    4 days ago

    Kuala Lumpur, Malaysia JOBIFY.MY Full time

    Company: Pillar of Global Finance Location: Kuala Lumpur - The Model Governance Officer is responsible for developing and implementing robust governance frameworks, policies, and procedures to manage the lifecycle of models effectively. - Develop and implement model governance frameworks, policies, and procedures. - Establish and maintain model inventory,...

  • Officer - Aml Independent Validation Statistician

    3 weeks ago

    Kuala Lumpur, Malaysia Citi Full time

    Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At **Citi**, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training...

  • Model Governance Officer

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Encora Full time

    Model Governance OfficerImportant InformationExperience: more than 8 yearsJob Mode: Full-timeWork Mode: On-siteEncora is a global Software and Digital Engineering company that helps business overcome the Software Engineering Talent shortage and provides next-gen services and such as Predictive Analysis, Artificial Intelligence & Machine Learning, IoT, Cloud,...