Job Description

Role Responsibilities

• The role holder is responsible for leading the Market Risk Analytics quant team within Traded Risk Management (TRM-MRA).
• TRM-MRA is a global team of quantitative analysts responsible for defining and maintaining portfolio market risk methodologies and supporting the implementation of a robust risk measurement framework for the purpose of effective risk management and regulatory capital calculation. The team is present in London, Singapore and Hong Kong.
• Key responsibilities are market risk model ownership, development of market risk models and methodology used for both regulatory capital computation and internal risk management, interaction with regulators and internal stakeholders, including model validators, audit, Front Office Quants, and market risk manager

Risk Management

• Lead and oversee the development, validation, and improvement of portfolio market risk models, frameworks, and systems for the purpose of accurate and timely assessment of market risk.
• Ensure that portfolio market risk models are regulatory compliant and evolving in line with market best practice.
• Develop and maintain a robust model performance monitoring framework demonstrating that the models are, and continue to be, performing as expected.
• Provide technical and methodological support to risk managers, the business and capital/capital allocation analysts.

Strategy

• Promote higher standards for analysis, measurement and documentation, with the goal of becoming an industry leading market risk measurement function.
• Provide knowledge transfer to relevant parts of the organisation supporting development required to comply with the Fundamental Review of the Trading Book.

Regulatory Compliance

• Constructively engage with local, supranational and central regulators, positioning the firm as a reliable partner and by doing so gain strategic insight into the implications of regulatory change.
• Actively advocate responsible supervision principles and practical implementation standards for Trading Book capital regime reform supporting central, supranational and local regulators\' response to the financial crisis.
• Understand and comply with all relevant regulations and procedures including internal and external rules applicable to the conduct of business.

Business

• Support the business through the development and maintenance of business decision models for market and traded credit risk.
• Ensure that accurate market risk measurement techniques are maintained and developed in a timely manner, reflecting material risks across the portfolio.
• Ensure that market risk measures are fit for purpose, are correctly implemented and meet regulatory standards.

Processes

• Ensure that market risk measures are developed, assessed, approved and maintained according to the applicable standards.
• Ensure that regular processes are noted and consistently followed.

People and Talent

• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from the teams and work in collaboration with all relevant partners.
• Ensure the provision of ongoing training and development tailored to the function and ensure that holders of all critical functions are suitably skilled and qualified for their roles, and have a succession plan in place.
• Employ, engage and retain high quality people.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
• Appropriately allocate quantitative resources with market and traded credit risk skills to priority/highest value projects while increasing productivity.

Risk Management

• Ensure function overall has a full understanding of the risk and control environment in the area of responsibility
• Act quickly and decisively when any risk and control weakness become apparent and ensure they are addressed within an appropriate timeframe and escalated through the relevant committees

Governance

• Provide oversight across the Market Risk Analytics team, ensuring compliance with the highest standards of regulatory and business conduct and compliance practices as defined by internal and external requirements.
• Embed the Group\'s values and code of conduct in Market Risk Analytics to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among employees form part of the culture.

Key Stakeholders

• Home and host regulators
• Central regulators
• Supranational regulators
• Group Model Validation
• Traded Risk Management
• Key Front Office staff in Financial Markets and Treasury Markets
• Group Internal Audit
• Group External auditors

Other Responsibilities

• Embed "Here for Good" and Group\'s brand and values in the Market Risk Analytics team.

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 the team 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
The holder of the position must:

• 12+ years of experience in a model development role in a Risk or Front Office function. .
• Strong analytical skills and in-depth knowledge of VaR, FRTB and other Market Risk models
• Experience in Market Risk models
• Experience in developing the risk or pricing models in a Risk or Front Office function
• Knowledge and understanding of Risk management practice
• Experience in Interacting with regulators and senior stakeholder
• Experience in managing large team in different locations
• Experience in delivering large projects with stakeholders in different functions
• Be able to manage the workload and priorities of the team and guide team member in their day to day tasks
• Education background- MSc in Finance, Mathematics, Physics or Engineering or relevant equivalent experience and bachelor\'s degree
• Sound judgement in assessing the strength and weaknesses of modelling approaches.

Role Specific Technical Competencies

• Market Risk Models Knowledge
• Development of Quantitative Models
• Market / Liquidity
• Analytical Thinking
• Manage Change
• Manage People
• Strategic Thinking

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 www.sc.com/careers

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