Job
Description
The role is responsible for providing technical oversight of Models and Rules utilized within the Compliance and Financial Crime Risk (CFCR) management processes (e.g. transaction monitoring, screening) to ensure that risks related to such solutions are identified, understood and managed. You will be overseeing FCC models, ensuring they are developed to be robust, fit for purpose and reflect financial crime risks appropriately. Additionally, you will provide technical review and challenge of risk-based rules/deterministic quantitative methods (DQMs) used in the management of financial crime risks. The Models & Rules Oversight (MRO) team, situated within the Group AML 2nd Line of Defence (2LOD) function, is responsible for providing technical review and challenge of rules/deterministic quantitative methods (DQMs) deployed within FCC processes, along with advisory support to the 1st line in the roll-out and maintenance of models. You will work in collaboration with various stakeholders from 1LOD and 2LOD in different stages of the review process to ensure identification and understanding of the FC risk, and that the FCC Model Assessment Committee is informed to enable appropriate oversight. Your key responsibilities will include supporting the 1LOD in each stage of the model life cycle and governance of CFCR models, analyzing algorithm design, development logic, and implementation logic. You will execute reviews in collaboration with other members of the Group AML team and other 2nd line teams to ensure holistic review of FC processes, and provide oversight across different stages of development, implementation/maintenance, and validation process ensuring that all FC risks are understood and mitigated or escalated to the FCC Models Assessment Committee. You will be liaising with business, advisory, country teams, or other 2nd line teams to ensure understanding of risk emergence is reflected in models/rules, providing recommendations on design, feature logic, and model performance evaluation. Furthermore, you will be responsible for supporting the validation activity performed by Group Model Validation (GMV) in accordance with prevailing Group and Model Family Standards, providing the relevant FC understanding on model issues and concerns raised. In terms of skills and experience, you will support the effective management of resources in the team by escalating show-stoppers to team management and keep abreast of internal developments and external research to ensure the team remains updated on the latest techniques. You will conduct quantitative assessment to determine the impact of issues for risk acceptance decisions or provide an FC lens on issues raised by other review teams, and ensure appropriate escalation of issues to relevant parties, setting and tracking clear remediation plans. As part of the Governance aspect, you will provide structure to the project and enforce rigorous project governance, ensure compliance with prevailing control processes, and have an awareness and understanding of the regulatory framework in which the firm operates, and the regulatory requirements and expectations relevant to the role. Standard Chartered is an international bank that has been operating for more than 170 years, aiming to make a positive difference for clients, communities, and employees. If you are looking for a career with purpose and want to work for a bank that values diversity and inclusion, Standard Chartered is the place for you. Join us in driving commerce and prosperity through our unique diversity and living by our valued behaviors of doing the right thing, never settling, and being better together.,
