Job Description

The Role Responsibilities
The main function of this role will be to independently assess the valuation of all assets and liabilities within the respective credit businesses. Additional responsibilities would be the calculation and assessment of market and model reserves in light of known model deficiencies.
Strategy

• Oversee the controls, reporting, and escalation processes for Valuation Methodology Credit.
• Establish best practice valuation techniques & fair value levelling.

Processes

• Responsible for the independent valuation at month-end and intra-month of all assets and liabilities using multiple external vendor services pricing.
• Provide timely information to the relevant product controller on the impacts to their books.
• Perform calculations and analysis of reserves.
• Analyse model deficiencies.
• Produce monthly packs which clearly states the over or undervaluation as compared to Front Office, and the commentary for the Independent Price Verification of fair value positions.
• Review and implement independent pricing methodologies.
• Ensure all trades are marked to fair value.
• Identify pricing issues for complex derivative trades.
• Ensure a robust and optimised Prudential Valuation Framework.

People & Talent

• Supervise, mentor and provide leadership to the existing team.

Governance

• Engage with key stakeholders actively and act as the main Valuation Methodology Credit representative on various governance committees and product valuation forums.

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.

Key stakeholders

• Head of Product Control
• Head of Market Risk/Traded Risk
• Head of Asset Classes in Valuation Methodology
• Head of Front Office Businesses
• Group Finance
• EY (auditors)
• Regulatory bodies as necessary (mainly PRA, MAS, HKMA)

Our Ideal Candidate

• Educated to degree level; preferably with a Finance / Business OR Masters degree in a quantitative subject.
• 12+ years of related global markets and credit trading experience.
• Strong IT skills. In particular Excel, VBA, SQL and functional programming.

Role Specific Technical Competencies

• Pricing Models and Analytics
• Product Control and Valuation Control experience
• Derivatives
• Effective Communications
• Quantitative Techniques
• Organizational Governance & Investment Credit Risk

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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