07 Aug
|
Standard Chartered India
|
Bengaluru
07 Aug
Standard Chartered India
Bengaluru
Job SummarynnOversee the Valuation Control Team in covering XVA Products. To conduct the accurate and timely valuation of financial instruments, and establishment of valuation methodologies, monitoring of market conditions, and provision of valuation insights to support financial reporting, risk management, and business decisions.nnKey ResponsibilitiesnnStrategynn Lead IPV Valuation Control function Develop and maintain appropriate policies and procedures for IPV, bid offer reserves, model reserves, etc. Independently assess the valuation and associated uncertainty of assets and liabilities within business, specifically continuing the evolution and ensuring the integrity of the IPV and Fair Value reserving processes. Design, develop and evolve the methodologies to optimize the Prudential Valuation and stress Prudential Valuation framework. Ensure a robust PVA framework. Design, implement and maintain policies and procedures for calibrations of parametrized models. Do an independent review of Significant deals and be able to substantiate the Day1 Pu0026L from the same. Conduct regular review of observability of the different market data used by Trading Desk in marking their books. Review u0026 presentation of monthly valuation packs for Finance Committees and FO. Review the work for junior members of the team u0026 ensuring the team follows robust controls and governance framework. Ensure back-ups are trained and created among team members. Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks. Lead through example and build the appropriate culture and values.
Set appropriate tone and expectations from team members and work in collaboration with risk and control partners. Research market best practice and keep abreast of the evolving issues e.g. IPV, IBOR Transition, etc. that affect the valuation of the Rates and XVA business. Mentor junior members of the team in their career aspirations Provide thought leadership and take accountability from Bangalore on different initiatives spanning Technology (SABRE, Aspire, Razor, Stride), Regulatory (IBOR, ViR ).nnBusinessnn Effectively manage relationships across departments and the desk. Ability to discuss, present and explain valuation results with senior business management Management experience To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business widennProcessesnn Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives. Provide thought leadership and take accountability from Bangalore on different initiatives spanning Technology (SABRE, Aspire, Razor, Stride), Regulatory (IBOR, ViR ).nnPeople u0026 Talent nn Maintaining a pleasant workplace environment which is motivating and enables high performance within team. Monitoring people performance,
providing timely feedback, performing annual and mid-year appraisals. (including people development, pipeline/skills monitoring, and training programs,) Manage leaves and attrition, create enough backup / cross trainings. Minimise dependency on key people by cross training and succession planning. Manage career and growth expectations of people. Leverage upon knowledge and skills sitting with other teams at same location or similar team sitting across the globe. Enable movement of people as and when required to manage resourcing across Product Control.nnKey stakeholdersnn Regular face off with Traders, Product Control Management, Regional finance team and various internal stakeholders within GFS. Act as a point of reference for team members and internal clients. Manage relationship with internal stakeholders, take regular feedback, anticipate and understand issues and escalate appropriately for timely resolution Manage solid relationship with support teams (IT, Operations and Risk) and bring synergies by interacting and integrating with cross functional teamsnnSkills And Experiencenn Communication Financial Market Products Accounting Valuation ControlnnQualificationsnnYou are an experienced person in financial services and exposure to Trading desks, Product Control Management, Regional finance team and various internal stakeholdersnnWe Want To Hear From You If You Havenn Masters in quantitative discipline or a similar qualification and/or professional qualification (e.g. CFA, FRM) is preferred. Minimum 10+ years experience in a Valuation Control function, Product Control Line, risk management or trading role of a top tier investment bank. Robust experience in a Rates Valuation Control function, risk management or .
📌 Vice President, Product Control (Bengaluru)
🏢 Standard Chartered India
📍 Bengaluru