Associate, Model Development Testing & Documentation Associate, Model Development Testing &  …

Associate, Model Development Testing & Documentation

About Standard Chartered 

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.  

 

To us, good performance is about much more than turning a profit.  It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good. 

 

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

 

The Role Responsibilities

 

Financial Markets has expertise combined with deep local market knowledge to deliver a variety of risk management, financing and investment solutions to our clients. The FM team offers capabilities across origination, structuring, sales, trading and research. Offering a full suite of fixed income, currencies, commodities, equities and capital markets solutions, FM has firmly established itself as a trusted partner with extensive on-the-ground knowledge and deep relationships.

 

Within FM, the Modelling & Analytics Group (‘MAG’) is accountable for design, development and delivery of real-time pricing models, risk models, and core infrastructure, enabling pricing, market data, intra-day risk reporting capability, and portfolio level analytics including reporting and capital optimization.

 

The role of Associate, Model Development Testing & Documentation, will work in MAG’s Shanghai location, focusing primarily upon model development testing and documentation activities in a particular asset class, with these activities critical to supporting independent review of models, governance approval, regulatory engagement, and business activities. 

 

Specific responsibilities include:

• Maintain and extend the in-house multi-asset class pricing and risk library used across the bank, for all types of products, including flow, vanilla and exotics in a specific asset class.
• Produce analytics documentation and test material and outputs
• Provide day-to-day support for all relevant business units
• Improve existing and implement risk and regulatory related analytics

Internal and Regulatory compliance

 

• Ensure models are developed and maintained in-line with the applicable policies and standards.
• Comply with the Operational Risk Framework.
• Proactively support the implementation of the Group Model Risk policy.

 

Regulatory & 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.

Key stakeholders

 

• MAG developers
• Model implementation delivery (MAG Cortex, SABRE, etc.)
• Group Model Validation
• Business colleagues

 

Our Ideal Candidate

 

 

• Computer science, Physics or Mathematics background (master's or PhD)
• 0-2 years of experience in developing/validating financial market pricing/risk models in an international investment bank
• Good knowledge of basic numerical methods, stochastic calculus, and probability theory
• Good communication skills (verbal and written English)
• Excellent C++ programming, including OOP and template concepts
• Knowledge of financial market products, market conventions and regulatory requirements is a plus
• Knowledge of functional programming (e.g Haskell) is a plus