Mgr, Valuation Ctrl

Standard Chartered Bank
Singapore, Singapore
12 Mar 2023
11 Apr 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Role Responsibilities
  • Collaborate with Front Office Quant and Model Validator on the mitigants of model limitations.
  • Design, implement, document, and submit different types of model overlays to Model Validator for review.
  • Maintain and enhance the Valuation Methodology (VM) working tools and scripts library.
  • Prepare FM model performance monitoring reports to share with other stakeholders.
  • Design, implement and document 1) the calibration of different parameters to Market Consensus for IPV use, 2) the new methodologies for the adjustments under VM coverage, for example bid-offer adjustment and Prudent Valuation Adjustment.
  • Provide ad-hoc support within the team on working tools, scripts, and methodologies.
  • Perform drill-down analysis when adjustments show an unexpected level, or when required by other stakeholders (for example Desk).
  • Participate in the maintenance of valuation model governance framework.
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 to achieve the outcomes set out in the Bank's Conduct Principles. Fair Outcomes for Clients, Effective Financial Markets, Financial Crime Compliance, The Right Environment.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Our Ideal Candidate
  • Master's in financial mathematics or a PHD in quantitative area
  • 5+ years of working experience in quantitative finance.
  • Good understanding of financial derivatives and pricing models at least for one specific asset class.
  • Previous professional experiences in Credit, Rates or XVA is desirable.
  • Hands-on programming skills. Experience with functional programming language and Python is desirable.
  • Good communication and writing skills.
Role Specific Technical Competencies
  • Quantitative analytical skills
  • Financial derivatives
  • Pricing models
  • Programming
  • Expertise in XVA, Rates and Credit
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 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 thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
  • Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
  • Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
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, parental/maternity (20 weeks), sabbatical (12 weeks 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 all sorts of 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
  • Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website