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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
QMR is responsible for independently validating valuation models used for the books and records of the Group or for official risk reporting. This role will focus on the validation of the EQ Derivatives, and an assessment of the associated model risk. Review and validation of front office derivative pricing models, as well as XVA, SIMM,.
Implementation of benchmark models (C++).
Development of alternative models and methodologies in order to assess model risk
Day to day support of stakeholders in all model related questions.
Liaise with trading, front office quantitative analysts and developers, and market risk and valuation control analysts, to ensure timely review and validation of new models and methodologies.
Our Ideal Candidate
Higher degree (MSc, PhD, DEA) in highly numerical subject such as mathematics or physics. A PhD is preferred. Candidates with educational backgrounds in less technical subjects such as economics, banking or finance will not be considered.
Strong knowledge of mathematics and stochastic calculus.
Sound judgement in assessing the strength and weaknesses of modelling approaches.
Two to four years experience in either a model validation or front office quant role. At least two years experience in one specific Asset Class.
Practical Knowledge of Derivative products and modelling.
Knowledge of SIMM
Experience of implementing derivative valuation models in C++ in either a Front Office or Model Validation environment.
Knowledge of Financial Mathematics for derivatives pricing, and associated numerical methods, e.g. Monte Carlo, PDEs and numerical integration.
Strong communication skills and ability to work effectively as part of a Global Team. Fluency in written and spoken English.
Strong writing skills with an ability to present conclusions and recommendations from technical projects to a less technical audience.
Ability to liaise effectively with IT professionals, Front Office traders and quants
Apply now to join the Bank for those with big career ambitions.