Credit Risk Monitoring Manager

Define the model monitoring and performance assessment standards for Wholesale Credit Risk models used for IRB and assess their adequacy on an ongoing basis. Ensure consistent application of the standards globally. Responsible for overall delivery of model monitoring and assessment reports as per schedule.

Impact on the Business/Function

·      Define detailed model monitoring standards and implement the framework consistently across the regions

·      Improve the understanding of performance of PD and LGD models used in IRB through adequate monitoring in place that produces accurate and relevant metrics. Undertake additional deep dive analysis when triggered through monitoring tolerances

·      Lead the interactions with the business and credit risk functions explaining the results from model monitoring and performance assessments as well as be able to explain the analysis behind the robustness of capital estimation

·      Streamline all the data processing steps and document all the monitoring procedures used to carry out risk rating system monitoring and assessment

·      Establish benchmarking process using internal and external data to enable effective risk management by business and credit risk functions

Stakeholders

·      The manager will engage with the senior executives and teams within the risk function and businesses to ensure their understanding of model performance

·      Key responsibility is to work with stake holders and business partners in Group, North and Latin America, Europe, Asia Pacific and Middle East and has responsibility for project management and delivery of quarterly monitoring reports and model assessments

·      Ensuring regulatory compliance by demonstrating adequate governance and controls in place for IRB model monitoring and providing audiences from business and credit risk functions all the analysis that provides comfort on the suitability and accuracy of the year end provision figures

Leadership & Teamwork

·      Manage a team to ensure delivery and adherence to model monitoring policy for the reports

·      Build Centre of Excellence in order to create a robust onshore – offshore working model

·      Motivate and keep the team engaged ensuring maximum productivity in order to achieve business objectives

Operational Effectiveness & Control

·      Identify opportunities for process, data, methodology and system improvements to ensure development of robust and business-relevant risk metrics

·      Ensure early detection and investigation of model ineffectiveness and model misuse

·      Leadership over all regulatory and compliance matters and the management of operational risk  

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