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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
The main purpose of this role is to be a senior technical quant in the Market Risk Analytics (MRA) team. The MRA team has members based in Singapore and London.
MRA is in charge of the definition of methodologies for portfolio market risk metrics (e.g. VaR, Expected Shortfall); supervision of the market risk model infrastructure and compliance with regulatory requirements.
Key Responsibilities will include :
The development of market risk models under FRTB.
Contribute to the methodology and implementation design of market risk models.
Providing technical guidance and expertise on Market Risk Model related matters including FRTB and the current CRR rules.
Analysing key model performance metrics such as hypothetical backtesting and P&L attribution test (PLAT).
Supporting risk managers in all queries related to VaR and other portfolio risk metrics
Liaising with key business stakeholders on Market Risk Model changes
Provide guidance to junior members of the team.
Maintenance and enhancements of existing VaR, stressed VaR, RniV and IRC models.
Finally, we are looking for a person to join our team who has a strong quantitative background within market risk space and who has market risk development experience ( Haskell, R or Python development experience would be advantageous ). The person will work very closely with the MRA methodology leads which are based in Singapore and London. The work will be varied and there are plenty of learning opportunities within the new market risk regulation.
Our Ideal Candidate
Advanced degree, or equivalent, in a quantitative subject, mathematics or statistics
A good understanding of risk management and portfolio management (HisSim VaR, Expected Shortfall, CVA, etc)
Must have a good understanding of financial instruments such as interest rates, FX and commodities
Must have a quantitative background within financial markets
Must have a strong background in Market Risk Methodology
Must have detailed understanding and working knowledge of FRTB
Must have recent and in-depth experience of managing the internal VaR model
Has exercise sound judgment in assessing the strengths and weaknesses of modelling
Has experience with simulation methods and statistical model development.
Strong communication skills, pragmatic and highly motivated
Fluent English (both written and verbal)
Excellent technical writing skills
Clear understanding of market risk regulations and the ability to speak to educate a variety of stakeholders on these topics
Possession of the ability articulate the methodology and recommend changes in a clear and concise manner to senior stakeholders
Have a proven record of methodology documentation
Previous experience in cross industry FRTB forums would be desirable
Need to be self-directed and can effectively and independently manage your time across various projects
Honest, reliable and take pride in your work
Enthusiastic, driven to develop your skills and open to new ideas
Finally, the person needs to be flexible, adaptable and can jump from individual contributor to collaborative team member
Apply now to join the Bank for those with big career ambitions.