Director, Product Control

Job Summary The Head of Valuation Control is responsible to independently assess the valuation of all assets and liabilities within the respective CIB and Treasury business and to oversee the integrity of valuation adjustments and the effectiveness of price testing policies and address any significant valuation methodology issues that arise Additional responsibilities would be the calculation and reporting of Additional Valuation Adjustments AVAs and model reserves in light of known model deficiencies Resposibilities Strategy Responsible for the independent valuation at month-end of all assets and liabilities using multiple external vendor services pricing Providing timely information to the relevant product controller on the impacts to their books Calculation and analysis of various reserves Calculation and Reporting of Additional Valuation Adjustments AVAs Stressed PVAs for ICAAP and BOE Analysis of model deficiencies via Model Performance Monitoring Business Supporting Valuation Control for businesses across Markets Treasury Principal Finance covering 426B of CCIB Balance Sheet Responsible to delivery Valuation EUC elimination and change initiatives for Valuation Control Governance Establish best practice valuation techniques Ensure a robust and optimized Prudential Valuation Framework Responsible to oversee and review the BAU controls reporting and escalation process for VC Supervise mentor and provide leadership to the existing team Actively engage with key stakeholders on issues related to VC and act as the core member of VC representative on various governance committees VBC Regulatory and 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 Lead the CPBB T I Client Enablement Statements and Advices to achieve the outcomes set out in the Bank s Conduct Principles The Right Environment Effectively and collaboratively identify escalate mitigate and resolve risk conduct and compliance matters 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 Traded Risk Management Product Control Management External and Internal Auditors Regulator Skills and Experience Manage Conduct Manage Risk Manage People External Reporting Risks and Controls Performance Management Balance Sheet Management Tax Management Regulatory and Compliance Qualifications Strong candidate with 15 years of experience in managing Valuation Control team along with Valuation Methodology Given the breadth of areas the role covers it requires a high proficiency in a wide variety of topics including Strong knowledge of Valuation Control Strong Financial Market Product knowledge including complex derivative valuations Strong Project management skills Strong quantitative analytical skills and understanding of financial modelling Strong Control mindset Strong Product knowledge at across the core business products Strong interpersonal communication verbal and written and negotiating skills 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 3052