Senior Credit Pricing and Algo-trading Model Validator

Traded Risk Model Validation is a group that performs in depth technical model validations of models covering pricing, algo trading models, market and counterparty credit risk of derivatives spanning all asset classes. This opportunity is for a validator to perform model validations, build benchmark models and conduct testing and develop standardised model testing frameworks. The role may evolve into having management and/or mentoring roles across the London and Poland based teams. The role sits within the Credit Pricing and Algo Trading validation team focused on Credit Pricing Models and Algorithmic Trading models. The role is expected to conduct validations across Credit pricing and Algo Trading Models. The role requires collaborative working both across the local team in the UK and globally with validators in Poland, Singapore, HK and the US.

Key Responsibilities

• Perform validation of CR pricing/Algo models and products by verifying conceptual soundness, methodology and implementation and by identifying and assessing limitations and uncertainties.
• Assess and opine on model risk across range of credit pricing models and credit Algo trading models.
• Oversee monitoring of ongoing model performance.
• Issue technical validation reports and recommendations and advise stakeholders about the conceptual soundness, the technical soundness, and the empirical soundness of the models.
• Liaise with model developers, Trading, Risk managers and Valuation control teams and provide guidance on model risk.
• Communicate validation outcome and findings to key stakeholders and management.

Qualifications Required Skills

• Strong quantitative background, Advanced degree (PhDs, Masters or equivalent) in highly numerical subject such as mathematics, physics, engineering or mathematical finance.
• Demonstrated senior-level expertise in model validation or development, specializing in pricing and risk modeling for derivatives.
• Advanced knowledge of fixed incomes and credit markets required, with deep understanding of market practices and market drivers for trading bonds, CDS, TRS, Asset Backed Securities, Repos and structured products.
• Strong understanding of stochastic processes and derivatives pricing techniques, familiarity with risk neutral valuation, pricing models for Credit/Interest Rates derivatives and with various numerical techniques.
• Advanced programming skills, ideally in C++ and/or Python. Other languages can be considered.
• Ability to Analyse and assess model risk by performing quantitative and qualitative reviews of the selected models.

Desirable Skills

• Practical knowledge of optimization, statistics and machine learning (e.g. time series analysis, classification, supervised and unsupervised learning) and applications in finance.
• Experience in scientific programming & data visualization (Pandas, Numpy, Scikit-learn, TensorFlow...).
• Hands-on experience with typical data sets that are used in credit trading: Request for Quotes; Trade information; composite bond prices; Ratings; etc.
• Experience in Market Risk Metrics such as VaR/sVaR backtesting.
• Experience with ePricing platforms.

Soft Skills

• Strong writing skills with ability to present conclusions and recommendations from technical projects to a less technical audience.
• 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.
• Proactivity and self-motivation.
• Ability to challenge the proposed methodologies and to 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 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

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