Job Summary
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 focuses on independent validation of Credit derivative valuation models, assessment of model risk, building benchmark models and developing standardised testing frameworks. The team covers interest rates, FX, credit, commodities, inflation, equity and algo‑trading, and operates across locations in the UK, Poland, Singapore, Hong Kong and the US.
Key Responsibilities
- Work with stakeholders across business to ensure that Credit valuation models are properly reviewed and validated.
- Liaise with key stakeholders—including trading, front‑office quantitative analysts, developers, market risk management, and valuation control—throughout the model risk lifecycle.
- Assess and opine on model risk across a range of credit valuation models.
- Contribute to the implementation of independent benchmark/alternative models and develop standardised testing suites to quantify model risk.
- Deliver high‑quality validations according to agreed timelines.
- Collaborate with TRM Validation colleagues across different locations.
- Ensure that internal and external (vendor) models are fit for intended use cases and that key risks are identified and communicated to stakeholders.
- Exercise sound judgment in assessing the strengths and weaknesses of modeling approaches.
- Raise model issues when identified limitations are not adequately mitigated and assess proposed mitigation plans.
Skills and Experience
- Strong quantitative background; advanced degree (PhD, Masters or equivalent) in mathematics, physics, engineering or mathematical finance.
- Demonstrable knowledge and ability to apply mathematical techniques in modeling problems, including stochastic calculus.
- Minimum two years of experience in model validation or development, covering pricing or risk modeling for derivatives (desirable).
- Practical coding experience, ideally in C++; other languages considered.
- Knowledge of Credit/Fixed Income markets and products is desirable.
Soft Skills
- Strong writing skills with ability to present conclusions and recommendations to a less technical audience.
- Excellent communication skills to work effectively within a global team and liaise with stakeholders.
- Fluency in written and spoken English.
- Proactivity and self‑motivation.
- Ability to challenge proposed methodologies and provide alternative solutions.
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 want to work for a bank making a difference, we want to hear from you.
Benefits
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
- Time‑off volunteering leave (3 days) plus a minimum of 30 days combined global public holidays and annual leave.
- Flexible working options based around home and office locations.
- Proactive wellbeing support through Unmind, development courses for resilience, a global Employee Assistance Programme, sick leave, mental health first‑aiders and self‑help toolkits.
- Continuous learning culture with opportunities to reskill, upskill and access learning resources.
- Inclusive and values‑driven organisation, celebrating diversity across teams, functions and geographies.
Seniority Level
Mid‑Senior level
Employment Type
Full‑time
Job Function
General Business, Management, and Business Development
Industries
Banking
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