Head, Global Markets Valuation Methodology

Job ID: 27408

Location: Singapore, SG

Area of interest: Audit, Accounting & Finance

Job type: Regular Employee

Work style: Hybrid Working

Opening date: 30 Apr 2025

**Job Summary**
- Global Markets Valuation Methodology team is the Subject Matter Expert with respect to the fair valuation of the Bank’s positions in Global Markets and ensuring the (stress) prudent regulatory requirements are met.**Key Responsibilities**
- Lead the team to ensure a sound practice in valuation review of the Group’s Markets products covering multiple asset classes.
- Ensure justifiable fair valuation assessment in accordance with IFRS, Group financial accounting policy and management reporting principles.
- Perform periodic valuation reviews for the portfolios covered.
- Prepare and review the metrics and commentary for publication of periodic valuation packs and participate in various valuation governance committees and forums.
- Provide valuation support including advice on new product initiatives, deal pipeline and potential impact on valuations and respond to requests for ad-hoc analysis and reports.
- Collaborate with model owner to propose and implement model overlays.
- Define and implement the methodologies used in valuation space. For example: Independent Price Verification, Bid Offer reserve, Prudent Valuation Adjustments...etc.
- Perform the PVA Stress Testing (ICAAP or BoE) and prepare the model use test report.
- Set up the DQM (Deterministic Quantitative Method) framework for Global Markets Valuation.

**Other Responsibilities**:

- Develop and implement valuation adjustment and price testing policies to ensure accurate valuation of financial instruments.
- Continuously review and improve the valuation policies and methodologies to align with evolving regulatory and market requirements.
- Provide independent price verification for front-office valuations to ensure accuracy and transparency.
- Coordinate with stakeholders to meet reporting deadlines and maintain compliance with accounting standards.
- Align team goals with business outcomes, foster collaboration, and create an environment of accountability, trust, and excellence.
- Empower and support team members to take charge of their career journeys and achieve their potential.
- Build an inclusive and positive work environment by focusing on open communication, well-being and team binding.
- Lead the team to be future ready, capable of meeting the evolving business and regulatory requirements, and driving changes.
- Identify, measure, or monitor valuation risks.
- Ensure robust controls for fair value adjustments, price testing and prudent valuation adjustments, especially during period of stress or illiquidity.
- Drive the evolution of the valuation ecosystem and reduce the operational risk.

**Governance**:

- Maintain functional independence from the front office, ensuring unbiased oversights of valuations.
- Ensure proper escalation procedures for significant valuations issues and provide transparent reporting to senior management or valuation committees.
- Be aware of and familiar with the evolving regulatory and internal governance frameworks relevant to valuation methodology team and the role.

**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.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

**Key stakeholders**:

- Business
- Front office quant
- Model validator.
- Market risk manager
- Auditor
- PCVC
- CFO
- Model Risk Policy Group

**Skills and Experience**
- Master’s degree in finance, Accounting, Economics, Mathematics, or a related quantitative field.
- 15+ years of progressive experience in valuation, front office, market risk or a related quantitative area within Global Markets environment.
- Deep and comprehensive understanding of a wide range of Global Markets products (both vanilla and structured) and corresponding valuation techniques in Rates, FX/FXO, Commodities, Equities, Credit, XVA (CVA, DVA, FVA, MVA, KVA).
- Strong technical expertise in valuation methodologies, pricing models and market data sources.
- Proven experience in leading and managing high-performing teams across multiple locations.
- Excellent knowledge of relevant accounting standards (IFRS) and regulatory requirements related to valuation (DQM, TWD).
- Experience with valuation systems and tools (e.g. Bloomberg, Reuters, vendor platform, Python).
- Experience in implementing and improving valuation control frameworks.
- Strong analytical, problem-solving, and critical thinking skills with the ability to interpret complex information and