Director - NFR Model Validation

Creating a better online experience with cookies. We care about your experience online, that’s why we use cookies to make sure our website runs smoothly while personalising your visit for your ease of use and convenience. To choose what cookies you want to accept, select “Manage cookies”. To accept all cookies for the best possible experience, select “Accept all”. If you’d like to learn more about how we use cookies and to manage your selection, visit our

Cookie Policy

Manage Cookies

Reject All

Accept All

Skip to main content

Language

English (United Kingdom)

한국어 (대한민국)

Sign In

Employee Login

Language

English (United Kingdom)

한국어 (대한민국)

Sign In

Employee Login

Language

English (United Kingdom)

한국어 (대한민국)

Sign In

Employee Login

Search Jobs

Job Details

Director - NFR Model Validation

Job Description

Apply now

Requisition Number:

64996

Job Location:

Bangalore, IND

Global Grade:

Band 5

Work Type:

Office Working

Employment Type:

Permanent

Posting Start Date:

29/10/2026

Posting End Date:

15/11/2026

Job Description:

Job Summary

•    Support GMV Head in performing an independent validation of new and existing models that are used in Non-Financial Risk areas such as Financial Crime Risk, Fraud Risk, Compliance Risk, Operational Risk, etc.

•    This includes but not limited to review of model development process including underlying assumptions & theoretical basis, quantitative assessment of model performance, documentation of validation finding and communicate to senior management in relevant forum.

Key Responsibilities

•    Support GMV senior manager in performing an independent validation of new and existing models that are used in Non-Financial Risk management pertaining to Financial Crime Risk, Fraud Risk, Compliance Risk, Operational Risk, etc of bank.

•    Define and drive strategic NFR goals in CoE-India aligned with larger SCB’s risk strategy and risk appetite

•    Work with senior leadership on managing local attrition and hiring (if required)

•    Complete ownership of delivery around model submitted for validation providing independent challenge, adherence to regulatory expectation, accountable for quality, timeliness and effectiveness of deliverables.

•    Engagement with senior stakeholders from different lines of defence mainly, first line of defence and third line of defence (Audit) to manage issues, governance and closure.

•    Qualitative review of model development process including underlying assumptions & theoretical basis.

•    Quantitative assessment of model performance via data evaluation and statistical testing.

•    Thorough evaluation of AI Risks for those models which use AI in the processing component.

•    Documentation of validation findings and communication of results to senior management and presentation to relevant committees.

•    Review regulatory requirements and industry practice regarding the models.

•    Assist Head of Model Validation in addressing concerns or questions relating to the models

•    Lead implementation of newer tools and technology around NFR validation to bring in process efficiency

•    Accountable for delivery of all validation completed in CoE-India providing high-quality review of validation completed by members of NFR team, guide the team in resolving issues related to stakeholders, strategic communication both with senior line of management and junior members of the team

•    Anticipate and act proactively on any challenges around efficient delivery of model validation

Skills and Experience

Must-have Skills

•    Drives Vision & Purpose

•    Gives Clarity and Guidance

•    Strategic Mindset

Other Skills

•    Collaborates

•    Courage

•    Nimble Learning

•    Decision Quality

Motivations

•    Financial crime models play a critical role in identifying suspicious activity, detecting potential money laundering and helping the bank meets its regulatory compliance. Any breach in such models leads to not only huge financial loss but also reputational loss.

•    This role requires “thinking beyond model”, not just its statistical performance

•    This role requires ability to “Challenge with confidence”. The associate should have an investigative mindset

Qualifications

•    Key Experiences: Previous experience in model validation, model development, quantitative analysis, or risk management roles, preferably at least 10 years, with a reasonable focus on AI risk.

•    Certifications/Qualifications: A bachelor’s or master’s degree in a quantitative field such as Artificial Intelligence, Machine Learning, Data Science, Statistics, Finance, or a related discipline

•    Language: SAS, Python, R

•    Proven experience in developing and implementing risk management frameworks and methodologies

•    Strong understanding of Financial Crime Risk and Fraud Risk landscape.

•    Strong knowledge of relevant regulations (i.e., EU AI Act, SS 1/23, SR 11-7), industry best practices related to AI risk, and model risk management frameworks

•    Good understanding of model life cycle management and model risk management

•    Thorough understanding of Data Science, Machine Learning and GenAI models including knowledge of frameworks and techniques.

•    AI/ML Fundamentals: Familiarity with algorithms, techniques, calibration, evaluation and testing

•    Supervised, unsupervised learning models (such as classification, regression, clustering) and reinforcement learning

•    Deep learning concepts including GenAI such as LLMs and the respective terminologies, i.e., LLM architecture, prompt engineering, finetuning, Retrieval Augmented Generation (RAG), evaluation framework and benchmark

•    Evaluation of model performance including accuracy, stability, fairness

•    Ability to address challenges of AI models; Black-box nature, drift (Data drift, concept drift, model drift), and ethical considerations

•    Explainability and Interpretability: Demonstrated knowledge and practical experience with techniques for model explainability and interpretability, such as LIME and SHAP to address black-box nature of models

About Standard Chartered

We're a global bank connecting clients to our differentiated network, offering growth opportunities in the world's most dynamic markets. Our strategy, which combines cross-border capabilities and leading wealth management expertise, helps us deliver our purpose - to drive commerce and prosperity through our unique diversity.

Over our 170-year history, and across a unique geographical footprint connecting Asia, Africa and the Middle East to each other and the world, we've built a bank like no other, with diverse capabilities and partnerships that set us apart.

What We Offer

Being part of an inclusive and values driven organisation

, one that embraces and celebrates our unique diversity, across our teams, business functions, and geographies.

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 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.

Visit our careers website to learn more about us: www.sc.com/careers.

Apply now

Information at a Glance

Opens in a new tab.

Opens in a new tab.

Opens in a new tab.

Opens in a new tab.

Opens in a new tab.

© Standard Chartered 2025. All rights reserved.

Cookie preferences

Tell us which cookie categories you consent to by using the sliders below. You can change your preferences any time by clicking on Manage cookies on our homepage.

Stricly necessary cookies (always active)

Your security and privacy are our top priority, that’s why these cookies are always on to ensure the safest and smoothest online experience.

Stricly necessary cookies (always active)

Show More Details

Stricly necessary cookies (always active)

Provider

Description

Enabled

SAP as service provider

We use the following session cookies, which are all required to enable the website to function:

"route" is used for session stickiness

"careerSiteCompanyId" is used to send the request to the correct data centre

"JSESSIONID" is placed on the visitor's device during the session so the server can identify the visitor

"Load balancer cookie" (actual cookie name may vary) prevents a visitor from bouncing from one instance to another

Cookies from provider SAPasserviceprovider are required and cannot be turned off

Functional Cookies

For your ease of use and convenience, these cookies remember the choices you made (e.g. language and region) and personalise our website to make it most relevant for you.

Consent to all Functional Cookies

Show More Details

Functional Cookies

Provider

Description

Enabled

YouTube

YouTube is a video-sharing service where users can create their own profile, upload videos, watch, like and comment on videos. Opting out of YouTube cookies will disable your ability to watch or interact with YouTube videos.

Cookie Policy

Privacy Policy

Terms and Conditions

Consent to cookies from provider YouTube

Advertising Cookies

To make sure we only send what’s most relevant to your needs, these cookies help us and our partners understand what matters most to you. The data collected can be shared with third parties, such as advertisers or platforms, to create an ecosystem that is always relevant to you.

Consent to all Advertising Cookies

Show More Details

Advertising Cookies

Provider

Description

Enabled

LinkedIn

LinkedIn is an employment-oriented social networking service. We use the Apply with LinkedIn feature to allow you to apply for jobs using your LinkedIn profile. Opting out of LinkedIn cookies will disable your ability to use Apply with LinkedIn.

Cookie Policy

Cookie Table

Privacy Policy

Terms and Conditions

Consent to cookies from provider LinkedIn

Google Analytics

Google Analytics is a web analytics service offered by Google that tracks and reports website traffic.

Cookie Information

Privacy Policy

Terms and Conditions

Consent to cookies from provider GoogleAnalytics

Google Tag Manager

Google Tag Manager is a tag management system for conversion tracking, site analytics, remarketing and more.

Privacy Policy

Terms and Conditions

Consent to cookies from provider GoogleTagManager

Save & close

Reject All

Accept All