Valuation Analyst - Contract - London

London  ‐ Onsite
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Description

The Global Valuations Group is part of Global Product Control and undertakes four main activities: Valuations, Global Valuation Reporting, Quantitative Analysis and Quantitative Infrastructure Development.

The role is in the Fixed Income Vanilla space and will report into the European Head of Fixed Income. The role will be responsible for managing the Vanilla valuation processes in London for Rates and FX businesses. This role is an existing role but has an important part to play in the Finance Transformation project to streamline and make efficiency gains across the valuations group. The individual will be responsible for the calculation of Independent Price Verification, Bid/Offer and other Fair Value Adjustment associated to the Vanilla Fixed Income businesses. The individual will also contribute to Levelling and Prudent Valuation Adjustments (PVA) and processes for the Fixed Income Vanilla businesses.

  • Responsible for the production of
  • All IPV, FVA and Prudent Valuation balances;
  • All IPV and FVA methodologies and documentation;
  • Monitoring model restrictions and recommendations;
  • Levelling returns.
    • Engagement with Fixed Income core Product Control to ensure that the valuation conclusions are accurately reflected in the books and that the communication with the business is seamless and consistent.
    • Keep up to date with any core Product Control production issues.
    • Ensure that the governance and controls of fair value is adhered to. Prepare for and contribute to the valuation committees that opine on fair value for the business areas concerned.
    • Work with QRV Analytics and the Fixed Income individuals from within the Valuations Group in Paris plus the Fixed Income Business Lead to identify the need for, and implementation of, fair value adjustments.
    • Ensure Valuation Group FIM requirements and other applicable accounting/regulatory standards are met. Liaise with Internal/External audit and regulators where necessary.
    • Work to ensure consistency in policies/standards across sites/teams and implement strategies to improve consistency where it is not already in place.
    • Identify, communicate and drive resolution of issues; whether people, process or system.
    • Maintain focus on process optimisation and identify opportunities to enhance cost efficiency where possible (eg automation, outsourcing, centralisation etc).

    Drive standardization and streamlining of processes within the Fixed Income Valuations Group.

    If you have previous experience in a similar role please click to apply.

    Start date
    n.a
    Duration
    6 months
    From
    Resource Solutions - HSBC
    Published at
    25.02.2017
    Project ID:
    1295267
    Contract type
    Freelance
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