Vice President, Macro Product Control

Job Summary

Oversee 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.

Key Responsibilities

Strategy

• Lead XVA 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 a self-sustaining review of Significant deals and be able to substantiate the Day1 P&L from the same.
• Conduct regular review of observability of the different market data used by Trading Desk in marking their books.
• Review & presentation of monthly valuation packs for Finance Committees and FO.
• Review the work for junior members of the team & 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. XVA, 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 direction and take accountability from Bangalore on different initiatives spanning – Technology (SABRE, Aspire, Razor, Stride), Regulatory (IBOR, ViR ).

Business

Processes

People & Talent

Key stakeholders

Skills And Experience

Qualifications

You are an experienced person in financial services and exposure to Trading desks, Product Control Management, Regional finance team and various internal stakeholders

We Want To Hear From You If You Have

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

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.

For further information, and to apply, please visit our website via the 'Apply' button below.

Skills Required

Product Control, Valuation Control, Accounting, Stakeholder Management, Communication, Risk Management