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. The main responsibilities of this role are:

• Set up and maintain the DQM (Deterministic Quantitative Method) 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 calculations performed by VM team are compliant with internal governance and regulatory requirements.
• 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.
• Define and implement the methodologies used in valuation space. For example: Independent Price Verification, Bid Offer reserve, Prudent Valuation Adjustments, etc.
• Prepare the technical development documents for the calculations performed by VM team and submit to model validation team for review and challenge.
• Perform the PVA Stress Testing (ICAAP or BoE) and prepare the model use test report.
• Automate and streamline the processes within VM to drive the evolution of the valuation ecosystem.

Strategy

• 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.

Business

• Provide independent price verification for front-office valuations to ensure accuracy and transparency.
• Coordinate with stakeholders to maintain compliance with accounting, internal model governance and regulatory requirements.

Processes

• Drive the evolution of the valuation ecosystem and reduce the operational risk.

People & Talent

• Foster collaboration, and create an environment of accountability, trust, and excellence.
• Build an inclusive and positive work environment.

Risk Management

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

• Master’s degree in finance, Accounting, Economics, Mathematics, or a related quantitative field.
• 7+ years of progressive experience in valuation, front office, market risk or a related quantitative area within Global Markets environment.
• Previous experiences in valuation control and financial modelling are required.
• 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.
• In-depth understanding of the methodologies used in valuation space (FVA, PVA and IPV), and the rationale.
• Able to propose, implement and document the calculation methods (including the technical details) used in valuation control.
• Good understanding of regulatory guidance on PVA 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 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 skill is required.

• Financial derivatives valuations across asset classes and products.
• Pricing Models and Analytics
• Experiences in Valuation Methodology for PVA, FVA, IPV.
• Model governance
• Effective Communications
• Programming

About Standard Chartered

We an international bank, nimble enough to act, big enough for impact. For more than 170 years, weve worked to make a positive difference for our clients, communities, and each other. If you 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 cant 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, youll 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
• Are better together , we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

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 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.

For further information, and to apply, please visit our website via the “Apply” button below.