Traded Risk Junior Model Validator

6 dni temu

Warszawa, Mazovia, Polska Standard Chartered Life and Careers Pełny etat

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Area of interest: Governance, Risk Management & Compliance

Performing validation of Traded Risk models used in the Group. This includes analysing model documentation and methodology, implementation and performing model tests and preparation of validation documents and recommendations.

Key Responsibilities

  • Support the Global Head of TRMV by providing 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.

Business

  • 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.

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. 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 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.

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

  • Global Head of Traded Risk Model Validation, ERM
  • TRMV members located in other countries
  • Risk Management and model developers
  • Front Office traders
  • IT professionals

Other Responsibilities

  • Support of Group teams in London and Singapore in ad hoc topics within the scope of Risk Management
Skills and Experience
  • Enterprise Risk Management Framework, Policies and Standards
  • Financial Products and Markets
  • Governance, Regulation and Risk Management - Risk and Control
  • Regulatory Environment – Financial Services
  • Data Gathering and reporting
  • Industry Knowledge
  • Effective Communication
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 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.
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