Manager, Valuation Methodology

Job Summary Valuation Methodology (VM) team is the Subject Matter Expert with respect to the fair valuation of the Bank’s positions in Global Markets and Banking, and ensuring the (stress) prudent regulatory requirements are met. Key Responsibilities • Set up and maintain the model framework for Global Markets and Banking Valuation Methodology team. • Collaborate with model validation, model risk governance and VM production teams to ensure that all the models used by VM team are compliant with internal governance and regulatory requirements. • Provide valuation methodology support including advice on new models, new calibration and potential impact on valuations of different modelling choices. • Develop and implement the methodologies used in valuation space. For example: Independent Price Verification, Bid Offer reserve, Prudent Valuation Adjustments...etc. • Design and implement model performance monitoring. • Perform core model development test and model implementation test. • Prepare the technical development documents for the models used by VM teams and submit to model validation team for review and challenge. Strategy • Partner with the business as part of the Finance goal to collectively support the evolution of the business through the deploying models of quantitative analytics whilst ensuring the integrity of the control environment. • Continuously review and improve the valuation policies and methodologies to align with evolving regulatory and market requirements. Business • Coordinate with stakeholders to maintain compliance with accounting, internal model governance and regulatory requirements. Processes • Design, develop, implement, test, and document the models used in valuation space. People and Talent • Foster collaboration, and create an environment of accountability, trust, and excellence. • Build an inclusive and positive work environment. Risk Management • Identify, measure, and monitor model risks and model limitations. • Ensure robust controls for model risks and limitations, especially during period Governance • Responsible for the evolution and maintenance of the valuation model governance framework. Regulatory and 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. • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. Key stakeholders • Business • Model Risk Policy Group • Front office quant • Model validator. • Market risk manager • Auditor • PCVC • CFO Our Ideal Candidate • Master’s in financial mathematics or PhD in quantitative area. • 6+ years of progressive experience in front office quant group, market risk modelling or a related quantitative area within Global Markets environment. • Strong IT skills. Experience with functional programming is desirable, with practical experience in Haskell. • Deep and comprehensive understanding of a wide range of Global Markets products (both vanilla and structured) and corresponding modelling techniques in Rates, FX/FXO, Commodities, Equities, Credit, and XVA. • Able to propose, implement and document the models (including the technical details) used in valuation control. • Good understanding of regulatory guidance and governance around models and non-models. • Able to interpret the regulatory/accounting requirements and translate them into practical implementation. • Able to collaborate closely with front office quant and model validation teams on the technical aspects, with trading desk on the trading practices, to justify the methodologies used in valuation control processes. • Strong analytical, problem-solving, and critical thinking skills with the ability to interpret complex information and draw meaningful conclusions. • Independent problem-solving skills are required. Role Specific Technical Competencies • Financial mathematics and numerical methods • Financial derivatives product knowledge across asset classes • Pricing models, numerical techniques and analytics for financial products. • Modelling involved in XVA calculation • Effective Communications • Programming About Standard Chartered We're an international bank, nimble enough …