Model Validator, Xva Ccr and Im Models

3 weeks ago

London, United Kingdom Standard Chartered Full time

**Job***: Risk

**Primary Location***: Europe & Americas-United Kingdom-London

**Schedule***: Full-time

**Employee Status***: Permanent

**Posting Date***: 09/Jan/2023, 7:27:02 AM

**Unposting Date***: Ongoing

**The Role Responsibilities**
- 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 opportunity is for a validator to perform model validations, build benchmark models and conduct testing and develop standardised model testing frameworks. The role is expected to have management and mentoring roles across the London and Poland based teams.

**Strategy**
- The role sits with the Counterparty Credit Risk Validation (CCR) team which encompasses, XVA, Counterparty Credit Pre-Settlement exposure models, IMM Models and Initial Margin Models (incl. SIMM). The role is expected to conduct validations flexibly within these model types. The role requires collaborative working both across the local team in the UK and other validators in Poland and Singapore.

**Business**
- Work with stakeholders across business to ensure that 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.

**Risk Management**
- Provide oversight of the model validations performed in the CCR 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 CCR models.
- 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 and 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.
- Perform as a role model for the bank’s conduct agenda.

**Key Stakeholders**
- Head of XVA Trading
- Head of CCR Risk Management
- Head of Prime Brokerage
- Heads of relevant model development teams.
- 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.

**Role Specific Competencies**
- Enterprise Risk Management Framework, Policies and Standards
- Financial Products and Markets
- Governance, Regulation and Risk Management - Risk and Control
- Business Ethics
- Organisational Governance
- Risk Management
- Regulatory Environment - Financial Services
- Data Gathering and reporting
- Managing Change
- Internal Controls

**About Standard Chartered**

We're an international bank, nimble enough to act, big enough for impact. For more than 160 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

  • Head, Credit

    4 weeks ago

    London, United Kingdom eFinancialCareers Full time

    **KEY RESPONSIBILITIES**: - Implement Credit & Equity Risk (CCR) models - Liaise with Front Office Trading to support their understanding of PFE risk - Support Risk Management to improve CCR management - Produce analytics documentation and test material - Provide day-to-day support for all relevant consumers of CCR data - Improve risk and regulatory related...

  • Quant Xva

    1 month ago

    London, United Kingdom eFinancialCareers Full time

    The quant team regularly interacts with a broad scope of internal clients: - XVA and Scarce Resources desk for XVA pricing and modelling - Risk department for Internal & Regulatory CCR, Accounting XVA, and SIMM - Collateral desk for discounting, SIMM and IMVA with CCPs - Trading and Risk Management for Credit derivatives. The quant team closely works with...

  • Model Risk Governance and Review

    7 days ago

    London, United Kingdom JPMorgan Chase Bank, N.A. Full time

    As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and...

  • XVA Quant

    2 weeks ago

    London, Greater London, United Kingdom Aston Carter Full time

    XVA Quantitative AnalystA Leading Investment Bank has an immediate requirements for a Quantitative Analyst to join their team. This is an exciting new opportunity to work on XVA pricing models as well as contributing to a C++ Quant Library. As part of the job you'll be developing and maintaining methodologies, and liaising with stakeholders across the...

  • Senior Manager, Pricing Model Validation

    2 weeks ago

    London, United Kingdom ICBC Standard Bank Full time

    Summary : •Excellent academic credentials. Masters or preferably PhD degree in a quantitative field such as mathematics or physics is required.•Strong experience with validating pricing models. Advanced modelling experience with either XVA, FX, rates, credit or commodities and a good high-level cross asset class product knowledge are required. •In...

  • Snr Ccr Quant Analyst Vp, London

    1 month ago

    London, United Kingdom eFinancialCareers Full time

    **CCR Modelling, Credit Risk, Cross-Asset Derivatives Pricing, C++** **RESPONSIBILITIES**: - Develop & implement Counterparty Credit Risk (CCR) models - Implement new risk & regulatory related analytics - Develop CCR exposure simulation methodologies and tools - Develop tools to monitor CCR model performance for stakeholders (Trading, Sales, Structuring &...

  • Snr XVA Quant Analyst

    1 month ago

    London, United Kingdom Top-Tier Global Investment Bank Full time

    Front Office XVA Quant Analytics, Cross Asset, Global Libraries, C# or C++ This leading Investment Bank seeks to hire an experienced Quant Analyst (VP) to join their XVA trading business in London. With a quant background in either XVA, Interest Rates, or FX, you will support the XVA trading desk, work on trading tools, as well as design and develop new...

  • Anlayst, Model Validation

    5 days ago

    London, Greater London, United Kingdom European Bank for Reconstruction and Development Full time

    Requisition ID34075Office CountryUnited KingdomOffice CityLondonDivisionRisk ManagementContract TypeShort TermContract Length12 monthsPosting End Date14/11/2023Purpose of JobUnder the supervision of the Associate Director, Model Validation, the Analyst contributes to the reviews and validations of quantitative models used to support Treasury, Risk Management...

  • Anlayst, Model Validation

    6 days ago

    London, United Kingdom European Bank for Reconstruction and Development Full time

    tendersglobal.net Requisition ID 34075 Office Country United Kingdom Office City London Division Risk Management Contract Type Short Term Contract Length 12 months Posting End Date 14/11/2023 Purpose of JobUnder the supervision of the Associate Director, Model Validation, the Analyst contributes to the reviews and validations of...

  • Anlayst, Model Validation

    2 days ago

    London, United Kingdom European Bank for Reconstruction and Development Full time

    tendersglobal.net Requisition ID 34075 Office Country United Kingdom Office City London Division Risk Management Contract Type Short Term Contract Length 12 months Posting End Date 14/11/2023 Purpose of JobUnder the supervision of the Associate Director, Model Validation, the Analyst contributes to the reviews and validations of...

  • Anlayst, Model Validation

    3 days ago

    London, Greater London, United Kingdom European Bank for Reconstruction and Development Full time

    Requisition ID34075Office CountryUnited KingdomOffice CityLondonDivisionRisk ManagementContract TypeShort TermContract Length12 monthsPosting End Date14/11/2023Purpose of JobUnder the supervision of the Associate Director, Model Validation, the Analyst contributes to the reviews and validations of quantitative models used to support Treasury, Risk Management...

  • Interim Quantitative Modeler

    3 days ago

    London, United Kingdom Agile Talent Full time

    Work that works for you Grant Thornton’s Agile Talent Community is a network of contract professionals, giving you the opportunity to work with our clients and alongside Grant Thornton teams on a project-by-project basis whilst being supported by our dedicated Agile Talent team.   Joining us in Advisory and Financial Services Business Risk (FS BRS)...

  • Interim Quantitative Modeler

    2 weeks ago

    London, United Kingdom Agile Talent Full time

    Work that works for you Grant Thornton’s Agile Talent Community is a network of contract professionals, giving you the opportunity to work with our clients and alongside Grant Thornton teams on a project-by-project basis whilst being supported by our dedicated Agile Talent team.   Joining us in Advisory and Financial Services Business Risk (FS BRS) team...

  • Model Validation VP

    6 days ago

    London, United Kingdom The FISER Group Full time

    My client is looking for an experienced Quant professional to join their growing team in an expansive role with the opportunity to grow within in a renowned investment banking corporation.The role will see you working on the validation of quantitative methodologies, both initial and recurrent, across diverse asset classes and model categories (including...

  • Model Validation VP

    6 days ago

    London, United Kingdom The FISER Group Full time

    My client is looking for an experienced Quant professional to join their growing team in an expansive role with the opportunity to grow within in a renowned investment banking corporation. The role will see you working on the validation of quantitative methodologies, both initial and recurrent, across diverse asset classes and model categories (including...

  • Model Risk/model Validation Sme

    4 weeks ago

    London, United Kingdom eFinancialCareers Full time

    Some key points for this role - You won't be responsible for validating models - But will need to have awareness of model risk and how validation is done - This is not a pure quant role but you will be someone with awareness of model risk and able to lead projects in the space - Consulting background is desirable but not a prerequisite - must be willing to...

  • Model Validation VP

    5 days ago

    London, United Kingdom The FISER Group Full time

    Job DescriptionMy client is looking for an experienced Quant professional to join their growing team in an expansive role with the opportunity to grow within in a renowned investment banking corporation.The role will see you working on the validation of quantitative methodologies, both initial and recurrent, across diverse asset classes and model categories...

  • Model Validation VP

    5 days ago

    London, United Kingdom The FISER Group Full time

    My client is looking for an experienced Quant professional to join their growing team in an expansive role with the opportunity to grow within in a renowned investment banking corporation.The role will see you working on the validation of quantitative methodologies, both initial and recurrent, across diverse asset classes and model categories (including...

  • Model Validation VP

    16 hours ago

    London, United Kingdom The FISER Group Full time

    My client is looking for an experienced Quant professional to join their growing team in an expansive role with the opportunity to grow within in a renowned investment banking corporation.The role will see you working on the validation of quantitative methodologies, both initial and recurrent, across diverse asset classes and model categories (including...

  • Model Validation VP

    2 days ago

    London, United Kingdom The FISER Group Full time

    Job Description My client is looking for an experienced Quant professional to join their growing team in an expansive role with the opportunity to grow within in a renowned investment banking corporation. The role will see you working on the validation of quantitative methodologies, both initial and recurrent, across diverse asset classes and model...