Senior Manager, Valuation Control

Standard Chartered; Bengaluru; Hybrid; INR 1,500,000 - 3,000,000; Full time

Benefits offered by this job

Medical and life insurance

Flexible working options

Proactive wellbeing support

Continuous learning culture

Job summary

Standard Chartered in Bengaluru is seeking a professional in the Valuation Methodology team to ensure regulatory compliance and optimize valuation processes. The ideal candidate will have a Master’s in financial mathematics or a PhD, with over 6 years of quantitative modelling experience. Responsibilities include collaboration with model validation teams and continuous improvement of valuation methodologies. The role offers a flexible working environment and diverse benefits to promote personal and professional growth.

Qualifications

• 6+ years of experience in front office quant group or market risk modelling.
• Deep understanding of Global Markets products and modelling techniques.
• Ability to propose and document models for valuation control.

Responsibilities

• Set up and maintain model framework for valuation methodologies.
• Collaborate with different teams for compliance and model validation.
• Continuously improve valuation policies to meet regulatory changes.

Skills

Analytical skills

Problem-solving skills

Financial mathematics

Programming skills

Understanding of financial derivatives

Education

Master in financial mathematics or PhD in a quantitative area

Tools

Haskell

Job description

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.

Responsibilities

• Set up and maintain the model 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 models used by VM team are compliant with internal governance and regulatory requirements.
• Provide valuation methodology support including advice on new models, new calibration and potential impact on valuations of different modelling choices.
• Develop and implement the methodologies used in valuation space, for example: Independent Price Verification, Bid Offer reserve, Prudent Valuation Adjustments, etc.
• Design and implement model performance monitoring.
• Perform core model development test and model implementation test.
• Prepare the technical development documents for the models used by VM teams and submit to model validation team for review and challenge.
• Partner with the business as part of the Finance goal to support the evolution of the business through deploying models of quantitative analytics whilst ensuring the integrity of the control environment.
• Continuously review and improve the valuation policies and methodologies to align with evolving regulatory and market requirements.
• Coordinate with stakeholders to maintain compliance with accounting, internal model governance and regulatory requirements.
• Design, develop, implement, test, and document the models used in valuation space.
• Foster collaboration, and create an environment of accountability, trust, and excellence.
• Build an inclusive and positive work environment.
• Identify, measure, and monitor model risks and model limitations.
• Ensure robust controls for model risks and limitations, especially during period of stress or illiquidity.
• Responsible for the evolution and maintenance of the valuation model governance framework.
• 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, ensuring compliance with all applicable laws and regulations.
• Effectively and collaboratively identify, elevate, 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

Qualifications

• Master in financial mathematics or PhD in a quantitative area.
• 6+ years of progressive experience in front office quant group, market risk modelling or a related quantitative area within a Global Markets environment.
• Strong IT skills; experience with functional programming is desirable, with practical experience in Haskell.
• Deep and comprehensive understanding of a wide range of Global Markets products (both vanilla and structured) and corresponding modelling techniques in Rates, FX/FXO, Commodities, Equities, Credit, and XVA.
• Able to propose, implement and document the models (including the technical details) used in valuation control.
• Good understanding of regulatory guidance and governance around models and non-models.
• Able to interpret 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 the trading desk on 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 skills are required.

Technical Competencies

• Financial mathematics and numerical methods.
• Financial derivatives product knowledge across asset classes.
• Pricing models, numerical techniques and analytics for financial products.
• Modelling involved in XVA calculation.
• Effective communications.
• Programming.

Benefits

• 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, 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.
• Being part of an inclusive and values‑driven organisation that embraces and celebrates our unique diversity, ensuring everyone feels respected and can realise their full potential.

Standard Chartered Bank