Associate Manager, Valuation Control

Standard Chartered India; Bengaluru; On-site; INR 1,400,000 - 2,100,000; Full time

Benefits offered by this job

Flexible working options

Learning & development

Wellbeing support

Diversity & inclusion

Employee assistance program

Job summary

Standard Chartered Bengaluru seeks an experienced valuation professional to join the Valuation Control team. You will conduct accurate valuation of financial instruments, develop methodologies, monitor market conditions and provide valuation insights for reporting, risk management and business decisions.

The role involves ensuring IPV and Fair Value processes, contributing to AVA/PVA frameworks, reviewing Day1 P&L, collaborating across desks, IT, Risk and Finance, and mentoring junior team

Qualifications

• Experience in valuation control, product control, risk management or trading in a top-tier bank.
• Exposure to trading desks and regional finance teams across locations.
• Strong communication and stakeholder management; ability to present to senior management.

Responsibilities

• Assess valuation and uncertainty of assets and liabilities; maintain IPV and fair value reserves.
• Calculate AVA and PVA within Prudential Valuation framework.
• Review Day1 P&L for significant deals and substantiate it.
• Create monthly valuation packs for Finance Committees and FO.
• Collaborate with IT, Risk, and Finance across locations to improve controls.

Skills

Communication

Financial Market Products

Accounting

Product Control

Education

Bachelor's/Master's in quantitative discipline

CFA/FRM or equivalent professional qualification

Job description

Job Summary

Be part of Valuation Control Team in covering various Financial Products. To conduct the accurate and timely valuation of financial instruments, and establishment of valuation methodologies, monitoring of market conditions, and provision of valuation insights to support financial reporting, risk management, and business decisions.

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.

Skills and Experience

• Communication
• Financial Market Products
• Accounting
• Product Control

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 an international bank, nimble enough to act, big enough for impact. For more than 170 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
• 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.