Sr. Software Engineer (Quant Dev) (Hybrid)

Quant Valuation Model Review Budapest Budapest Hungary

Morgan Stanley

Quant Strategist

Deutsche Bank

Valuation Methodology (VM) team is the Subject Matter Expert with respect to the fair valuation of the Bank’s positions in Global Markets and Banking, and ensuring the (stress) prudent regulatory requirements are met. The main responsibilities of this role are: • Set up and maintain the model framework for Global Markets and Banking Valuation Methodology team. • Collaborate with model validation, model risk governance and VM production teams to ensure that all the models used by VM team are compliant with internal governance and regulatory requirements. • Provide valuation methodology support including advice on new models, new calibration and potential impact on valuations of different modelling choices. • Develop and implement the methodologies used in valuation space. For example: Independent Price Verification, Bid Offer reserve, Prudent Valuation Adjustments...etc. • Design and implement model performance monitoring. • Perform core model development test and model implementation test. • Prepare the technical development documents for the models used by VM teams and submit to model validation team for review and challenge. ## **Key Responsibilities** **Strategy** • Partner with the business as part of the Finance goal to collectively support the evolution of the business through the deploying models of quantitative analytics whilst ensuring the integrity of the control environment. • Continuously review and improve the valuation policies and methodologies to align with evolving regulatory and market requirements. **Business** • Coordinate with stakeholders to maintain compliance with accounting, internal model governance and regulatory requirements. **Processes** • Design, develop, implement, test, and document the models used in valuation space. **People & Talent** • Foster collaboration, and create an environment of accountability, trust, and excellence. • Build an inclusive and positive work environment. **Risk Management** • Identify, measure, and monitor model risks and model limitations. • Ensure robust controls for model risks and limitations, especially during period of stress or illiquidity. **Governance** • Responsible for the evolution and maintenance of the valuation model governance framework. **Regulatory & 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. • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. **Key stakeholders** • Business • Model Risk Policy Group • Front office quant • Model validator. • Market risk manager • Auditor • PCVC • CFO ## **Skills and Experience** • Financial mathematics and numerical methods • Financial derivatives product knowledge across asset classes • Pricing models, numerical techniques and analytics for financial products. • Modelling involved in XVA calculation • Effective communications • Programming ## **Qualifications** • Master in financial mathematics or PhD in quantitative area. • 10+ years of progressive experience in front office quant group, market risk modelling or a related quantitative area within Global Markets environment. • Strong IT skills. Experience with functional programming is desirable, with practical experience in Haskell. • Deep and comprehensive understanding of a wide range of Global Markets products (both vanilla and structured) and corresponding modelling techniques in Rates, FX/FXO, Commodities, Equities, Credit, and XVA. • Able to propose, implement and document the models (including the technical details) used in valuation control. • Good understanding of regulatory guidance and governance around models and non-models. • Able to interpret the regulatory/accounting requirements and translate them into practical implementation. • Able to collaborate closely with front office quant and model validation teams on the technical aspects, with trading desk on the trading practices, to justify the methodologies used in valuation control processes. • Strong analytical, problem-solving, and critical thinking skills with the ability to interpret complex information and draw meaningful conclusions. • Independent problem-solving skills are required. ## **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. --- Extract the following fields from the job posting above: title: The title of the job, lightly cleaned up but true to what the posting states. Fix inconsistent casing: if the title is in ALL CAPS or all lowercase, convert it to standard title case (e.g. "SENIOR ACCOUNT MANAGER" → "Senior Account Manager"); otherwise keep the posting's casing. Keep acronyms and role numerals in their standard form (RN, CDL, IT, HVAC, II, III). Remove leading/trailing whitespace and trailing punctuation, and collapse repeated spaces. Do NOT reword, translate, shorten, or expand the title, and do not add or drop information — keep suffixes like location, shift, or requisition ID if they are part of the posted title. description: A short, 2-4 sentence summary of the job. Do not include responsibilities or skills. Example: A Senior Enterprise Customer Success Manager at Wix owns relationships with large strategic accounts, understanding their technical and business environments to drive growth, customer satisfaction, and retention. The role involves collaboration across teams, managing renewals, creating tailored solutions, and engaging with executive-level stakeholders. department: The department the job is in. If none is explicitly stated, infer it.

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