Standard Chartered India | Associate Director, WRB Model Development

Responsibilities

• This position is for an Associate Director with an advanced degree in a quantitative discipline; requires experience and proficiency in areas of statistics, applied mathematics, SAS/Python programming language and a good understanding of retail banking / small business lending businesses.
• The individual will use these skills in the development of Fraud Risk Models and Fraud Risk Analytics for Retail Portfolios including cards, personal loans and digital.
• To embed Operational Risk monitoring as an integral part of the business process.
• Towards this, to effectively carry out the assigned role, if any, under Compliance Risk Management Assurance.
• Development of Fraud Risk models for Retail Portfolios across application, lending and digital.
• Support Fraud Risk analytics related to Retail Portfolios including rules development and augmentation.
• Ensure adherence to all internal and external regulations.
• Mentor analysts and provide appropriate advice wherever required during analytics deliverables.
• Monitor all major risk issues and concentrations.
• Developing statistically derived predictive models, perform decision tree-based customer segmentation & profiling analyses, assist business implementation of Fraud Risk models to support Standard Chartered retail businesses across the globe.
• Achieving assigned full year objectives as per annual P3 document
• Enhancing relationship with stakeholders by providing analytical support

Requirements

• Bachelors / Advanced (Masters or higher) Degree in Statistics, Applied Mathematics, Operations Research, Economics, Engineering or other quantitative discipline.
• Good understanding of retail banking / small business / consumer finance products and business life cycles (e.g. sales, underwriting, portfolio management, marketing, collections).
• 7+ years of in-depth experience in hands-on Statistical Model Development in fraud risk for retail banking / small business / consumer finance portfolios.
• Experience in Fraud Detection Modeling using machine learning algorithms to handle classification data with skewed class proportions.
• Proficient in statistical programming skills in SAS (preferred) or similar (Python), strong analytical skills and understanding of quantitative and statistical analysis.
• Hands-on experience in mining data and understanding data patterns.
• Experience in directly interacting with Business and exposure to international markets will be a plus.
• Analytical / Strategic / Conceptual thinking.
• Ability multi-task between executing a project hands-on along with guiding/overseeing Associate Managers.
• Self-driven, highly motivated, organized and methodical.

Standard Chartered

Standard Chartered is an international banking group headquartered in London, with a strong focus on Asia, Africa and the Middle East. It was formed in 1969 through the merger of Standard Bank and The Chartered Bank.

Its Indian global business services centres hire finance professionals for financial control, stress testing, regulatory reporting, tax and risk roles.

• Industry: Banking and financial services
• Headquarters: London, UK
• In India: Present in India for over 150 years, with global business services centres in Bengaluru and Chennai