Executive Director - CIB Model Development

Standard Chartered; Bengaluru; On-site; INR 3,500,000 - 5,500,000; Full time

Job summary

Standard Chartered in Bengaluru seeks an Executive Director - CIB Model Development to lead end-to-end development, refinement and validation of IRB models, IFRS9 ECL calculations, and Pillar 2 stress testing within Corporate & Investment Banking.

The role requires collaborating with regulatory bodies, internal risk/finance teams and external auditors, ensuring compliance and rigorous risk assessment to support credit underwriting and capital adequacy.

Qualifications

• 15+ years of deep expertise in credit risk model development, including PD, LGD and EAD for CIB portfolios.
• Strong knowledge of IRB frameworks and IFRS9 impairment standards.
• Excellent communication with senior management, risk committees, auditors and regulators.

Responsibilities

• People & Talent Management: Recruit, develop and retain top talent within the CIB Model Development team, fostering technical and leadership skills.
• Risk Management: Understand uncertainties in credit risk modelling, data quality, regulatory changes, and market dynamics to guide decision-making.
• Governance and Compliance: Ensure modelling activities align with Model Risk Policy and Model Family Standards; coordinate with auditors.
• Regulatory & Business Conduct: Adhere to standards of ethics and conduct in line with Group policies.
• Key stakeholders: Collaborate with Group Model Validation, EY, Model Sponsors/Owners, Risk Finance & SAG.
• Other Responsibilities: Align with Group, Country, Business or Functional policies and perform assigned duties.

Skills

Credit risk modelling

IRB frameworks

IFRS9 impairment

Stakeholder communication

Job description

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 thingand are assertive, challenge one another, and live