Traded Risk Model Validator

Standard Chartered; Warszawa; Híbrido; PLN 250 000 - 450 000; Tempo integral

Resumo da oferta

Standard Chartered is seeking a highly numeric PhD-level professional to join the Traded Risk Model Validation group. You will perform model validations, build benchmark models, and conduct independent testing across pricing, market, and counterparty risk for derivatives.

The role requires collaboration with the Poland team and validators in London, New York, and Singapore, delivering high-quality validations on a timely basis while upholding the bank's standards and governance.

Qualificações

• PhD in a highly numerical subject is preferred or equivalent demonstrated strong numerical critique.
• Experience in model validation or development for pricing or risk modelling is a plus, including new graduates with strong mathematical knowledge.
• Strong mathematical techniques in modelling, including stochastic calculus, are desirable.
• Some coding experience (C++ preferred) and willingness to learn new languages.

Responsabilidades

• Work with stakeholders across business to ensure front office derivative pricing, market and counterparty risk models are reviewed and validated.
• Liaise with sales, trading, front office quantitative analysts and developers, and risk teams throughout the model lifecycle.
• Contribute to independent benchmark models and standardized testing to quantify model risk.
• Deliver high-quality validations according to agreed timelines.
• Collaborate across Poland, London, New York and Singapore validators.

Conhecimentos

PhD in quantitative field

Model validation experience

C++ programming

English fluency

Formação académica

PhD in quantitative field

Numerical modelling background

Ferramentas

C++

Python

R

Descrição da oferta de emprego

Traded Risk Model Validation is a group that performs in depth technical model validations of models covering pricing, market and counterparty credit risk of derivatives spanning all asset classes. This role will support Model Risk Management within the US entity as well as supporting the global TRM GMV team, including performing validation work. The validation work will cover model validation reports, building benchmark models and conducting independent testing. The role requires collaborative working both across the local team in Poland and other validators in London, New York and Singapore.

Key Responsibilities

• Work with stakeholders across business to ensure the front office derivative pricing, market and counterparty risk models are properly reviewed and validated.
• Liaise with key stakeholders, including sales & trading, front office quantitative analysts and developers, market risk management, counterparty risk management, XVA and valuation control throughout the model risk model lifecycle.
• Contribute to the implementation of independent benchmark/alternative models and development of standardized testing suites to enable exploration and quantification of model risk.
• Delivery of validations of a high quality and according to agreed timelines.
• Traded Risk Model Validation is a group that performs in depth technical model validations of models covering pricing, market and counterparty credit risk of derivatives spanning all asset classes.
• This role is to perform model validations, build benchmark models and conduct testing and develop standardised model testing frameworks. The role is expected to conduct validations flexibly across a broad range of models. The role requires collaborative working both across the local team in Poland and other validators in London and Singapore.
• Providing of fungible validation resources across valuation, market and counterparty risk models with the TRMV model universe and mitigating the need for additional surge capacity and leading to a more efficient validation function.
• 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.
• Effectively and collaboratively identify, elevate, mitigate and resolve risk, conduct and compliance matters.
• Support of Group teams in London and Singapore in ad hoc topics within the scope of Risk Management

Skills and Experience

• PhDs in highly numerical subject such as mathematics, physics, engineering or mathematical finance is expected. Other equivalent highly numerical qualifications/experience which demonstrate a high level of independent technical critique may be exceptionally considered but PhD is preferred.
• Experience in either a model validation or model development role covering pricing, or risk modelling for derivatives is a bonus although newly graduated PhD candidates who demonstrate knowledge of, and an ability to learn mathematical finance will be considered.
• Demonstrable knowledge and ability to apply mathematical techniques in modelling problems ideally including stochastic calculus.
• Knowledge and some practical experience of coding, ideally including C++ but other languages would be considered.
• Strong communication skills to facilitate the ability to work effectively as part of a Global Team and liaise with key stakeholders. Fluency in written and spoken English.
• Strong writing skills with ability to present conclusions and recommendations from technical projects to a less technical audience.
• To view information on our benefits including our flexible working please visit our career pages. We welcome conversations on flexible working.

Qualifications

• Degree in quantitative subject such as mathematics, physics, engineering or mathematical finance is expected. Other equivalent highly numerical qualifications/experience which demonstrate a high level of independent technical critique may be exceptionally considered.
• Experience in either a model validation or model development role covering pricing, or risk modelling for derivatives is a bonus although newly graduated PhD candidates who demonstrate knowledge of, and an ability to learn mathematical finance will be considered.
• Demonstrable knowledge and ability to apply mathematical techniques in modelling problems ideally including stochastic calculus.
• Knowledge and some practical experience of coding, ideally including C++ but other languages would be considered.
• Strong communication skills to facilitate the ability to work effectively as part of a Global Team and liaise with key stakeholders. Fluency in written and spoken English.
• Strong writing skills with ability to present conclusions and recommendations from technical projects to a less technical audience

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 thingand 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.
• Flexible workingoptions based around home and office locations, with flexible working patterns.
• Proactive wellbeing supportthrough 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 cultureto 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.