Job Summary
CCRM is responsible for the design and implementation of all Counterpart Credit Risk models and methodologies within SCB. The main modelling components are, risk factor evolution, trade valuation, aggregation and margining and back testing. These models are used for both internal risk management and capital computation.
Key Responsibilities
- Contribute to the development of Counterparty Credit risk models used for regulatory capital and risk management, including definition of model methodology, model implementation, model testing and model documentation.
- Contribute to the development and analysis of the CCRM model, for both IMM and Non IMM models.
- Contribute to the ongoing model performance monitoring program
- Support risk managers in all queries related to CCR and other portfolio risk metrics.
- Test production systems for CCR model changes, system migrations and new products.
- Liaise with key business stakeholders on Counterparty Credit Risk Model changes.
- Understand local and global regulatory requirements and be aware of market environment / practices that will impact portfolio risk metrics.
Strategy:
- Follow key strategical guidance provided by the Head of Counterparty Credit Risk Models
- Promote higher standards for analysis, measurement and documentation, with the goal of becoming an industry leading Counter risk measurement function.
Business
- Support the business through the development and maintenance of business decision models for counterparty credit risk and traded credit risk.
- Ensure that accurate counterparty credit risk measurement techniques are maintained and developed in a timely manner, reflecting material risks across the portfolio.
- Ensure that counterparty credit risk measures are fit for purpose, are correctly implemented, and meet regulatory standards.
Processes
- Ensure that counterparty credit risk measures are developed, assessed, approved, and maintained according to the applicable standards.
- Ensure that regular processes are noted and consistently followed.
Risk Management
- Act quickly and decisively when any risk and control weakness become apparent and ensure they are addressed within an appropriate timeframe and escalated through the relevant line management and committees
Governance
- Ensure compliance with the highest standards of regulatory and business conduct and compliance practices as defined by internal and external requirements.
- Embed the Group’s values and code of conduct to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations.
Skills and Experience
Our Ideal candidate:
- 3+ years of experience in a quantitative role from a finance background
- Education background from MSc in mathematics, physics, finance or engineering. PhD preferred
- Proven experience in fields related to Mathematics, Financial engineering, Model analysis and testing and Technical documentation
- Coding in Python, Haskell, C++, R or Core
- Experience in development and analysis of the CCRM model, for both IMM and Non IMM models
- Experience in Test production systems for CCR model changes, system migrations and new products.
Role Specific Technical Competencies
- Mathematics
- Financial engineering
- Model analysis and testing
- Technical documentation
- Coding in Python, Haskell, C++, R Core
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
