Standard Chartered is looking for a Senior Manager to join the Model Risk Policy and Governance (MRPG) team in Bangalore. You will support the Risk function in ensuring adherence to the Group Model Risk Policy and Standards, managing regulatory compliance activities, and overseeing key governance tools.

What You'll Do

Support the periodic review and maintenance of Model Risk RTF, Group Model Risk Policy (GMRP), Group Model Risk Standard (GMRS), Group Deterministic Quantitative Methods (DQM) Standards, and Model Family Standards (MFS).
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 the assigned model families.
Support the effectiveness reviews performed for the RTF, policy, and standards.
Manage periodic policy compliance assessments for assigned model families to ensure adherence to the GMRP.
Prepare monthly and quarterly model risk information reports, oversight reports, Data Quality (DQ) items report, and any other ad-hoc reports as required.
Act as the primary point of contact for the assigned model families within MRPG.
Identify, review, and track model risk issues, ensuring they are reported to senior management with remediation plans and tracked to completion.
Provide oversight on various Data Quality (DQ) items related to Inventory via the DQ item Dashboard and ensure these are managed by relevant stakeholders.
Support the SS1/23 roll out for the assigned model families by ensuring the Group DQM Standards are adhered to.
Ensure that outcomes delivered, including necessary controls, are fit for purpose and meet regulatory requirements.
Support through awareness and understanding of the regulatory framework (specifically FED SR 11/7 or PRA SS 3/18, SS1/23) in which the Group operates.
Oversee changes in the Group’s arrangements to deliver effective governance, oversight, and controls in accordance with model risk governance and risk reporting responsibilities.
Develop an annual review and challenge plan for coverage of all PCF regulations owned in the Risk function.
Coordinate and host all PCF review and challenge sessions.
Record observations, comments, or actions at the PCF review and challenge sessions.
Provide periodic updates to the Regulatory Interpretation Committee on the PCF review and challenge process.
Design, support, and manage tools used for the PCF attestation (e.g., Service Bench, RCMS, OWLS).
Work with Technology teams to provide inputs and BRDs for strategic PCF automation initiatives; participate in proof-of-concept reviews and workshops with vendors.
For ERM-owned regulatory obligations, track actions undertaken to mitigate, reduce, or contain identified regulatory risks.
Provide support to continuously improve the operational efficiency and effectiveness of regulatory compliance processes in the Risk function.
Coordinate with all relevant line owners on Basel 3.1 regulatory changes, and support the assessment, coordination, and implementation of these changes within IRB related regulations and applicable articles.
Disseminate IRB related regulatory updates, including any changes impacting the IRB framework, and communicate these changes clearly to all relevant line owners.

What We're Looking For

8-12 years of total experience.
Minimum 4-5 years of experience in Model Risk Management and regulations from leading financial regulators in the UK and Europe (e.g., PRA, EBA).
Good communicator, with strong 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; able to work as part of a broader team to ensure a coordinated and consistent approach.
Skilled at organizing incoming requests within the team.
Ability to work with minimal direction.
Demonstrated understanding of and commitment to the Group's core values.
Ownership mindset, able to think creatively and be open to new ideas.
Able to work with tight deadlines and manage multiple demands.