Job Description

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Senior XVA Model Validator

Requisition Number: 41183
Job Location: London, GBR
Work Type: Hybrid Working
Employment Type: Permanent
Posting Start Date: 02/10/2025
Posting End Date: 24/12/2025
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Job Summary
Traded Risk Model Validation is a group that performs in depth technical validations and risk assessments of models covering pricing, market and counterparty credit risk of derivatives spanning all asset classes. The validation work will cover independent testing, building benchmark models and document the results in model validation reports. As a Lead in XVA Validation, you will be responsible for conducting validations of XVA and related areas encompassing a wide range of models for credit risk hedging and derivative pricing. This role requires collaboration with local validators in London as well as teams in Poland, Singapore, the US, and other locations.
Key Responsibilities

• Liaise with key stakeholders, including sales & trading, front office quantitative analysts and developers, XVA, market risk management, counterparty risk management, and valuation control throughout the model risk model lifecycle.
• Implement independent benchmark/alternative models and development of standardized testing suites to enable exploration and quantification of model risk.
• Ensure sound judgement in assessing strengths and weaknesses of modelling approaches and actively challenge assumptions and limitations, as well as mitigate model risks via controls and reserves.
• Deliver validations of high quality and according to agreed timelines.
• Apply good practice with coding standards and reviews, as well as with documentation.
• Cooperate with and mentor junior members of the Model Risk Team.
• Apply Model Risk Governance Policies and Standards and ensure compliance with any Model / Operational Risk controls over processes related to validation activities.
• Maintain awareness and understanding of the regulatory framework in which the Group operates, including existing and emerging regulatory requirements and role-relevant expectations.

Skills and Experience

• Extensive expertise in model validation or model development roles related to pricing or risk modelling for derivatives.
• Knowledge of Financial Mathematics including Stochastics for XVA and/or pricing of derivatives and basic statistics.
• Recent direct experience in XVA model validation or development is highly desirable.
• Practical coding experience, preferably in C++.
• Strong communication skills to work effectively within a Global Team and liaise with key stakeholders.
• Fluency in written and spoken English.
• PhD in mathematics, physics, engineering, or mathematical finance is advantageous.

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.

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
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Information at a Glance
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