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Manager, Retail IRB Models
2-6 years
₹ 16 - 28L/yr (AmbitionBox estimate)
This is an estimate of the average salary range for this
position. It has not been reviewed by the company, and
the actual salary may differ.
Bangalore / Bengaluru
1 vacancy
Manager, Retail IRB Models
Standard Chartered
posted 13d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
This position is for a Manager with an advanced degree in a quantitative discipline; requires experience and proficiency in areas of statistics, applied mathematics, SAS programming language and a good understanding of retail banking / small business lending businesses. The individual will use these skills in the development of risk / credit scoring models and other risk analytics in retail banking / small business lending portfolios. Responsibilities include developing statistically derived predictive models, perform decision tree-based customer segmentation & profiling analyses, assist business implementation of sophisticated scoring models and providing analytic support to Standard Chartered businesses across the globe.
The Risk Analyst is responsible for:
- Developing and maintaining IRB models for regulatory reporting to regulators (PRA, HKMA, MAS, BNM, FSS).
- Estimation of Risk Weighted Asset, Expected Loss and Regulatory Capital for retail portfolios (including Business Banking).
The purpose of the role is to build capabilities model risk measurement, management, and strategy, including:
- Current and target state for regulatory models
- ERA model networks and model risk
- Regulatory requirements and future changes
- Model life cycle and control framework
- Model systems and Regulatory and Accounting Calculations
The role holder will report to the senior manager of the retail modelling team.
Build understanding of credit products, policies, and portfolio history. Apply business knowledge in proposing model design and justifying modelling decisions.
Build understanding of credit products, policies, and portfolio history. Apply business knowledge in proposing model design and justifying modelling decisions.
Develop models according to the Rolling Work Plan, including the following:
- Extraction, preparation and audit of data and model definitions to ensure accuracy and completeness.
- Develop new, maintain and enhance IRB models according to industry standards.
- Prepares and maintains the required and supporting documentations, reports and analysis.
- Ensures that the models meet the SCB model standards, internal governance process and relevant regulations.
Strategy
- Retail IRB Model Development
Business
- CPBB
Processes
- First Line
Risk Management
- The ability to build IRB models.
Governance
- Responsible to follow GMRP, GMRS, MFS
Skills and Experience
- SAS or Other statistical software (Python, R)
- Model Building / Knowledge of Retail models
- Working with data, databases, and systems
- Knowledge of credit risk and credit banking products
- Document Writing and Communication Skills
- Analytical / Strategic / Conceptual thinking
- Attention to detail
- Problem solving
- Presentation skills
- Highly motivated, organized and methodical
Qualifications
- EDUCATION - Bachelors / Advanced (Masters or higher) Degree in Statistics, Applied Mathematics, Operations Research, Economics, Engineering or other quantitative discipline
- LANGUAGES - Proficient statistical programming skills in SAS (and other statistical software a plus), strong analytical skills and understanding of quantitative and statistical analysis. Strong experience with: DATA step data manipulation with arrays, do-loops, and merges; SAS Macro language, SAS/GRAPH, PROC SQL experience, OLS and logistic regression, univariate and multivariate statistical analysis, CART and/or CHAID.
- Good understanding of retail banking / small business / consumer finance products and business life cycles (e.g. sales, underwriting, portfolio management, marketing, collections...)
- Experience in quantitative analysis & statistical modeling in credit risk / marketing /portfolio strategy for retail banking / small business / consumer finance portfolios
- Hands-on experience in mining data and understanding data patterns
- Demonstrated proficiency in scorecard development is a plus
- Experience in directly interacting with Business and exposure to International markets will be a plus
Employment Type: Full Time, Permanent
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What people at Standard Chartered are saying
Rating based on 130 Manager
reviews
Anonymous · Software Development
in Chennai
Likes
There is nothing to like about scb. Since there is lot of pressure everytime no proper ethics is seen among the people. Just keep on slogging.
Dislikes
All is dislike only. No time for family everytime it's like being in furnace facing the heat from stakeholders. No proper management seen among people manager.
Read 130 reviewsManager salary at Standard Chartered
reported by
2k
employees
with 2-20
years exp.
₹7
L/yr - ₹28
L/yr
6%
more
than the average Manager Salary in India
View more details
What Standard Chartered employees are saying about work life
based on 4.3k employees
Flexible timing
Monday to Friday
No travel
Day Shift
Standard Chartered Benefits
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Time-off Being part of an inclusive culture Support for wellbeing challenges Proactive wellbeing support Flexible working
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