Associate Manager, Valuation Control

Standard Chartered; Bengaluru; Hybrid; INR 1,800,000 - 3,200,000; Full time

Benefits offered by this job

Flexible working

Unmind wellbeing platform

Learning & development

Job summary

Standard Chartered in Bengaluru seeks an experienced professional for the Valuation Control function. You will assess valuation, uncertainty, and controls for assets and liabilities, support IPV and fair value reserving, and develop AVA/PVA frameworks.

Engage with front office, risk, and finance teams, and prepare monthly valuation packs for committees. The role requires 3+ years in valuation control or related fields, strong knowledge of markets and products, and the ability to train junior

Qualifications

• Bachelor's or Master's in quantitative discipline or a similar qualification and/or professional qualification (e.g. CFA, FRM) is preferred.
• Minimum 3+ years’ experience in a Valuation Control function, Product Control Line, risk management or trading role of a top tier investment bank.
• Robust experience in a Valuation Control function, risk management or trading role of a top tier investment bank.
• Experience dealing with junior and senior Front office, Product Control, Risk management teams across locations.
• Proactive in identifying control or valuation concerns and driving improvements.

Responsibilities

• Be a part of Valuation Control function and support IPV and fair value reserving.
• Independently assess valuation and uncertainty of assets and liabilities and evolve IPV processes.
• Calculate AVA metrics as part of Prudential Valuation and maintain PVA framework.
• Review significant deals and substantiate Day1 P&L.
• Regularly review market data observability used by Trading Desk.
• Create monthly valuation packs for Finance Committees and FO.
• Follow controls and governance framework of Valuation Control.
• Train junior members of the team on BAU activities.

Skills

Valuation concepts

Financial markets

Trading desks liaison

Stakeholder management

Attention to detail

Education

Bachelor's or Master's in quantitative discipline

CFA/FRM preferred

Job description

Key Responsibilities

Strategy

• Be a part of Valuation Control function.
• Strong knowledge of financial markets and products like Bonds, TRS, IRS, FRA, NDF’s, Options, CCS etc.
• Follow and practice appropriate policies and procedures for IPV, bid offer reserves, model reserves, etc.
• Independently assess the valuation and associated uncertainty of assets and liabilities within business, specifically continuing the evolution and ensuring the integrity of the IPV and Fair Value reserving processes.
• Calculate AVA metrics as part of Prudential Valuation and stress Prudential Valuation framework. Ensure a robust PVA framework.
• Do an independent review of Significant deals and be able to substantiate the Day1 P&L from the same.
• Conduct regular review of observability of the different market data used by Trading Desk in marking their books.
• Create monthly valuation packs for Finance Committees and FO.
• Follow robust controls and governance framework of Valuation Control.
• Ensure back-ups are created among team members.
• Be a part of ongoing training and development sessions and upskill yourself on Valuation concepts.
• Be an effective team member and add value to the overall improvement of the Team.
• Research market best practice and keep abreast of the evolving issues e.g, IBOR Transition, etc. that affect the valuation of the Rates business.
• Train junior members of the team on BAU related activities.

Business

• Effectively maintain relationships across departments and the desk.
• Ability to discuss, present and explain valuation results with Team leads and senior business management.
• Effectively contribute to the wider Valuation Control team by providing inputs to function wide strategic initiatives.

Processes

• Meaningful contribution from Bangalore on different initiatives spanning – Technology (SABRE, Aspire, Razor, Stride), Regulatory (IBOR, ViR).

People & Talent

• Maintaining a pleasant workplace environment which is motivating and enables high performance within team.
• Provide and receive timely feedback, Be part of annual and mid-year appraisals. (undergoing people development, and training programs,)
• Manage personal leave, create backup / cross trainings.
• Leverage upon knowledge and skills sitting with other teams at same location or similar team sitting across the globe.

Key stakeholders

• Regular face off with Traders, Product Control Management, Regional finance team and various internal stakeholders within GFS.
• Be a SPOC for select processes for various teams and internal clients.
• Manage relationship with internal stakeholders, take regular feedback, anticipate and understand issues and elevate appropriately for timely resolution
• Manage strong relationship with support teams (IT, Operations and Risk) and bring synergies by interacting and integrating with cross functional teams

Qualifications

You are an experienced person in financial services and exposure to Trading desks, Product Control Management, Regional finance team and various internal stakeholders

We want to hear from you if you have:

• Bachelors or Master’s in quantitative discipline or a similar qualification and/or professional qualification (e.g. CFA, FRM) is preferred.
• Minimum 3+ years’ experience in a Valuation Control function, Product Control Line, risk management or trading role of a top tier investment bank.
• Robust experience in a Valuation Control function, risk management or trading role of a top tier investment bank.
• Experience in dealing with junior and senior members of Front office, Line Product Control, Risk management teams across various locations.
• Proactive and assertive in identifying control or valuation concerns, challenging the Business, and driving control improvement for their area.
• Strong financial product knowledge and attention to detail.
• Strong interpersonal skills and stakeholder management and ability to work independently to resolve unstructured problems. Team player.
• Strong communication skills and ability to present / explain complex issues in simple terms with stakeholders from Trading, Finance, Market Risk and IT across different levels.
• Proactive and assertive in identifying control or valuation concerns and driving control improvement for their area. Able to work under pressure to tight deadlines. Able to multi-task and prioritize own request

About Standard Chartered

We're a global bank connecting clients to our differentiated network, offering growth opportunities in the world's most dynamic markets. Our strategy, which combines cross-border capabilities and leading wealth management expertise, helps us deliver our purpose - to drive commerce and prosperity through our unique diversity.

Over our 170-year history, and across a unique geographical footprint connecting Asia, Africa and the Middle East to each other and the world, we've built a bank like no other, with diverse capabilities and partnerships that set us apart.

What We Offer

• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions, and geographies.
• 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 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.

Visit our careers website to learn more about us: www.sc.com/careers.