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 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 wide Processes 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 direction and take accountability from Bangalore on different initiatives spanning - Technology SABRE Aspire Razor Stride Regulatory IBOR ViR People Talent 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 Key stakeholders 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 strong relationship with support teams IT Operations and Risk and bring synergies by interacting and integrating with cross functional teams Skills and Experience Communication Financial Market Products Accounting Product Control 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 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 trading role of a top tier investment bank Experience and proven track record in dealing with junior and senior members of Front office Line Product Control Risk management teams across various locations Proactive and self-assured in identifying control or valuation concerns challenging the Business and driving control improvement for their area Strong financial product knowledge and attention to detail Strong interpersonal skills and stakeholder management and ability to work without supervision to resolve unstructured problems Team player Strong communication skills and ability to present explain complex issues in simple terms with stakeholders from Trading Finance Market Risk and IT across different levels Proactive and self-assured in identifying control or valuation concerns and driving control improvement for their area Able to work under pressure to tight deadlines Able to multi-task and prioritize own request 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 34639