Job Summary

We have an exciting opportunity to join the team! We are committed to a fair and inclusive recruitment process. Should you require any reasonable adjustments, do let us know so we can aim to accommodate. The role would suit someone from a mathematics or statistics background, that holds CCR experience, with around 2-4 years in a similar role.

Key Responsibilities

Business

•    Work with stakeholders across business to ensure that 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. 

Processes
•    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.   

Risk Management

•    Provide oversight of the model validations performed in the TRM model space in the context of both internal and external (vendor) models to ensure they are fit for their intended use cases and that key risks are identified and communicated to stakeholders.
•    Ensure sound judgement in the assessment of the strengths and weaknesses of modelling approaches. 

Governance
•    Actively participate in any key committees or other governance processes that oversee the performance of the TRM models, especially in the UK.
•    Represent Model Risk Management in any engagements with the UK regulators.
•    Ensure compliance with any Operational Risk controls over processes that relate to validation activities.
•    Awareness and understanding of, the regulatory framework in which the Group operates, existing and emerging regulatory requirements, and the expectations relevant to the role. 
•    Maintain an open and cooperative relationship in dealings with regulators.

Regulatory & Business Conduct

•    Take 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, escalate, mitigate and resolve risk, conduct and compliance matters.
•    Perform as a role model for the bank’s conduct agenda.

Key stakeholders
•    Senior Members of Model Risk Management
•    Head of XVA Trading
•    Head of CCR Risk Management
•    Heads of relevant model development teams.
.

Skills and Experience

•    Experience with CCR, Market risk or validation 
•    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. 
•    A candidate who has experience with direct interactions with Regulators would be useful 

Qualifications

Education    

• MSc in either mathematics, statistics,  physics, engineering or similar subject is required
• PhD would be advantageous
• Other equivalent highly numerical qualifications/experience which demonstrate a high level of independent technical critique are considered 

Competencies

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.

Recruitment Assessments

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website www.sc.com/careers