Job Summary

Global Markets Valuation Methodology team is the Subject Matter Expert with respect to the fair valuation of the Bank’s positions in Global Markets and ensuring the (stress) prudent regulatory requirements are met.  

Key Responsibilities

• Lead the team to ensure a sound practice in valuation review of the Group’s Markets products covering multiple asset classes.
• Ensure justifiable fair valuation assessment in accordance with IFRS, Group financial accounting policy and management reporting principles.
• Perform periodic valuation reviews for the portfolios covered. 
• Prepare and review the metrics and commentary for publication of periodic valuation packs and participate in various valuation governance committees and forums.
• Provide valuation support including advice on new product initiatives, deal pipeline and potential impact on valuations and respond to requests for ad-hoc analysis and reports. 
• Collaborate with model owner to propose and implement model overlays.
• Define and implement the methodologies used in valuation space. For example: Independent Price Verification, Bid Offer reserve, Prudent Valuation Adjustments...etc.
• Perform the PVA Stress Testing (ICAAP or BoE) and prepare the model use test report.
• Set up the DQM (Deterministic Quantitative Method) framework for Global Markets Valuation.

Other Responsibilities:

• Develop and implement valuation adjustment and price testing policies to ensure accurate valuation of financial instruments.
• Continuously review and improve the valuation policies and methodologies to align with evolving regulatory and market requirements.
• Provide independent price verification for front-office valuations to ensure accuracy and transparency.
• Coordinate with stakeholders to meet reporting deadlines and maintain compliance with accounting standards.
• Align team goals with business outcomes, foster collaboration, and create an environment of accountability, trust, and excellence.
• Empower and support team members to take charge of their career journeys and achieve their potential.
• Build an inclusive and positive work environment by focusing on open communication, well-being and team binding.
• Lead the team to be future ready, capable of meeting the evolving business and regulatory requirements, and driving changes.
• Identify, measure, or monitor valuation risks.
• Ensure robust controls for fair value adjustments, price testing and prudent valuation adjustments, especially during period of stress or illiquidity.
• Drive the evolution of the valuation ecosystem and reduce the operational risk.

Governance: 

• Maintain functional independence from the front office, ensuring unbiased oversights of valuations.
• Ensure proper escalation procedures for significant valuations issues and provide transparent reporting to senior management or valuation committees.
• Be aware of and familiar with the evolving regulatory and internal governance frameworks relevant to valuation methodology team and the role.

Regulatory & Business Conduct:

• 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, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders:

• Business
• Front office quant
• Model validator.
• Market risk manager
• Auditor
• PCVC
• CFO
• Model Risk Policy Group

Skills and Experience

Our Ideal Candidate:

• Master’s degree in finance, Accounting, Economics, Mathematics, or a related quantitative field.
• 15+ years of progressive experience in valuation, front office, market risk or a related quantitative area within Global Markets environment.
• Deep and comprehensive understanding of a wide range of Global Markets products (both vanilla and structured) and corresponding valuation techniques in Rates, FX/FXO, Commodities, Equities, Credit, XVA (CVA, DVA, FVA, MVA, KVA).
• Strong technical expertise in valuation methodologies, pricing models and market data sources.
• Proven experience in leading and managing high-performing teams across multiple locations.
• Excellent knowledge of relevant accounting standards (IFRS) and regulatory requirements related to valuation (DQM, TWD).
• Experience with valuation systems and tools (e.g. Bloomberg, Reuters, vendor platform, Python).
• Experience in implementing and improving valuation control frameworks.
• Strong analytical, problem-solving, and critical thinking skills with the ability to interpret complex information and draw meaningful conclusions.
• Exceptional communication (both written and verbal) and presentation skills, with the ability to effectively interact with stakeholders at all levels.
• Strong negotiation and influencing skills.
• Experience working in a global, matrixed organization.
• Strong ethical standards and a commitment to independence and objectivity.
• Results-oriented with a focus on accuracy and attention to detail
• Proactive and self-motivated with the ability to work independently and as part of a team.
• Ability to thrive in a fast-paced, high pressure and dynamic environment.
• Demonstrate strong leadership presence and the ability to inspire and motivate others.

Role Specific Technical Skills:

• Financial derivatives valuations across asset classes and products.
• Pricing Models and Analytics
• Experiences in Valuation Methodology for PVA, FVA, IPV.
• Model governance.
• Effective Communications
• Team management

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