Executive Director - CIB Model Development

Standard Chartered India; Bengaluru; Hybrid; INR 5,000,000 - 9,000,000; Full time

Benefits offered by this job

Competitive salary

Flexible working

Wellbeing programs

Learning & development

Inclusive culture

Job summary

Standard Chartered India is seeking an Executive Director for CIB Model Development to lead end-to-end credit risk model development across IRB, IFRS9 ECL and Pillar 2 stress testing. This role coordinates with risk, finance and external auditors to ensure robust, compliant models and meaningful risk forecasting.

You will drive governance, quality assurance, and risk assessment processes while interacting with regulators and senior management to support sound credit underwriting and capital

Qualifications

• 15+ years of deep expertise in credit risk model development for Corporate & Investment Banking
• Strong knowledge of PD, LGD, EAD and IRB frameworks
• Experience with IFRS9 impairment standards and regulatory modelling governance
• Excellent communication and stakeholder management across risk, finance and regulators

Responsibilities

• Lead and develop the CIB Model Development team, ensuring high standards of risk modelling and governance
• Oversee validation, refinement and governance of IRB, ECL and Pillar 2 stress testing models
• Engage regulators, auditors and internal stakeholders to present findings and obtain approvals
• Ensure compliance with global and local regulatory requirements and model risk policy

Skills

Credit risk modelling

IRB frameworks

IFRS9 impairment

Leadership

Job description

Job Summary

The Executive Director - CIB Model Development will play a pivotal role in managing and enhancing the credit risk models associated with the Corporate and Investment Banking portfolios. This role involves overseeing the end-to-end development, refinement, and validation of Internal Ratings-Based (IRB) models, IFRS9 Expected Credit Loss (ECL) calculations, and Pillar 2 Stress Testing frameworks. The successful incumbent will ensure these models not only comply with regulatory requirements but also support the bank’s strategic objectives by providing precise risk measurement and forecasting capabilities.

Job Summary

The Executive Director - CIB Model Development will play a pivotal role in managing and enhancing the credit risk models associated with the Corporate and Investment Banking portfolios. This role involves overseeing the end-to-end development, refinement, and validation of Internal Ratings-Based (IRB) models, IFRS9 Expected Credit Loss (ECL) calculations, and Pillar 2 Stress Testing frameworks. The successful incumbent will ensure these models not only comply with regulatory requirements but also support the bank’s strategic objectives by providing precise risk measurement and forecasting capabilities.

This position demands active engagement with various stakeholders including regulatory bodies, internal risk and finance teams, and external auditors to present findings, obtain approvals, and incorporate feedback for continuous model improvement. In addition, the role acts as a critical point of contact for modelling inquiries relating to stress testing within the CIB domain, ensuring that business decisions are underpinned by rigorous risk assessment and quantification.

Success in this role requires strategic foresight to adopt optimal modelling techniques within technological and data constraints, coupled with the ability to lead model governance and quality assurance processes. Your expertise will contribute decisively to the bank’s risk management excellence, supporting sound credit underwriting, capital adequacy assessment, and financial reporting.

Key Responsibilities

People & Talent Management

Lead by example to nurture a culture of excellence, integrity, and collaboration within the team. You will be accountable for recruiting, retaining, and continuously developing talent, fostering both technical expertise and essential soft skills such as communication, adaptability, and leadership among your team members. Ensuring that the team embraces diversity and inclusivity is vital to sustaining innovation and high performance.

Risk Management

Maintain a comprehensive understanding of uncertainties inherent in credit risk modelling. This includes risk related to data quality, regulatory changes, evolving business strategies, market dynamics, system resiliency, and operational environment. Enable informed decision-making by guiding model sponsors and governance committees to effectively interpret and manage these risks.

Governance and Compliance

Stay abreast of evolving global regulatory frameworks and ensure all modelling activities meet the highest standards as outlined in the Model Risk Policy and Model Family Standards. Facilitate smooth audit processes by coordinating closely with internal and external auditors, including Ernst & Young, and respond promptly and thoroughly to regulatory queries. Champion continuous improvement in modelling governance to uphold the bank’s reputation and regulatory standing.

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.
• Lead the CIB Model Development team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets.
• Effectively and collaboratively identify, elevate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

• Group Model Validation, EY (External Auditors), Model Sponsors and Owners, CIB Business, Model Risk Management, CIB Credit Policy, Risk Finance & SAG

Other Responsibilities

• Embed Here for good and Group’s brand and values in the CIB Model Development; Perform other responsibilities assigned under the Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

• Our ideal candidate brings over 15+ years of deep expertise in credit risk model development, particularly with Corporate and Investment Banking portfolios encompassing Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) modelling. You will possess comprehensive knowledge of IRB frameworks and IFRS9 impairment standards, with a proven track record in delivering accurate, robust, and regulatory-compliant models.
• Exceptional communication skills are critical for articulating complex modelling concepts and results to diverse stakeholders, including senior management, risk committees, auditors, and regulators.
• You are a strategic thinker with strong leadership abilities, capable of influencing cross-functional teams to align risk modelling with business and regulatory requirements.
• Experience navigating regulatory environments across multiple jurisdictions, particularly within India and global banking contexts, will be highly advantageous.
• A commitment to maintaining the highest ethical standards, continuous learning and innovation in risk measurement approaches will position you as a valued contributor to our organisation’s success.

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 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 and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What We Offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

Recruitment Assessments

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