Key Responsibilities

Strategy

• Work with the Valuation Methodology team to develop approaches to estimate stressed uncertainty levels around key market valuation inputs for the XVA, Rates, FX, Credit, Banking and Treasury portfolios.
• Consolidation, calculation, and reporting of Prudent Valuation Adjustment, Common Reporting disclosures, and regulatory Stress Testing.

Business

• Coordinate with stakeholders to design, develop, and evolve methodologies to standardize and optimize the Prudential Valuation and stress Prudential Valuation framework. Ensure a robust PVA framework.
• Complete prudent valuation returns on time and also prepare quarterly valuation packs for relevant stakeholders, including Product Control Management, Front Office, Regional Finance, and Market Risk.
• Leverage knowledge and skills from other teams at the same location or similar teams across the globe.

Processes

• Develop a deep understanding of the valuation control processes supporting the XVA, Rates, FX, Credit, Banking and Treasury portfolios, including IPV, fair value adjustments, and prudent value adjustments.
• Assume responsibility for the support and development of all related working files.
• Pro-actively improve and automate the current processes.
• Ensure backups are trained and created among team members.
• Perform any ad hoc requests by management.

People & Talent

• Maintain a pleasant workplace environment that is motivating and enables high performance within the team.
• Lead by example and build the appropriate culture and values. Set the right tone and expectations for team members and work in collaboration with risk and control partners.
• Minimize dependency on key individuals by ensuring adequate backup and cross-training within the team.

Governance

• Oversee the review and documentation of valuation methodologies, such as the Prudent Valuation Adjustment methodology, in accordance with the valuation framework.
• Ensure that all documentation related to stress testing and the Prudent Valuation Adjustment framework is consistently updated.
• Maintain and retain necessary approvals and documentation for processes, ensuring they are readily available for auditors or other stakeholders as required.

Key Stakeholders

• Regularly engage with Valuation Methodology, Product Control, Country Finance, Senior Management, and various internal stakeholders.
• Act as a point of reference for team members and internal stakeholders.
• Manage relationships with internal stakeholders, take regular feedback, understand issues, and escalate appropriately for timely resolution.
• Manage strong relationships with support teams (IT, Operations, and Risk) and bring synergies by interacting and integrating with cross-functional teams.

Skills and Experience

• CA / MBA Finance with 8+ years of experience in valuation methodology with an advanced knowledge on prudent valuation framework
• Familiarity with a broad range of market products including Bonds, Loans, Repos, Swaps, FX options, other derivatives, money market instruments, Commodities, and OTC products.
• In-depth understanding of the Prudent Valuation Adjustment (PVA) framework and related regulatory requirements.
• Comprehensive knowledge of IFRS Accounting Standards related to fair valuation, including classification, measurement, and disclosures, along with an understanding of various valuation adjustments required.
• Proficiency in SQL, Python, and other tools that are integral to our processes and can facilitate automation.

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.