Description
IPV Analyst - London - Banking - Contract
My Client are a Globally known Investment Bank based in the City of London and have a new headcount in the contract space for an Independent Price Verfication Analyst.
Work as part of the IPV (Independent Price Verification) team, focusing on Rates (specifically Inflation and Quantos) to deliver price testing and reserve results to the business and assist colleagues with administrative and reporting tasks.
The exotic products covered by the team scan across all entities and businesses in the Bank. Interaction with Front Office, BUC, Market Risk, ModelValidation, Financial Control and Audit.
Key Activities:
- Work within the Exotic IPV team to deliver IPV and Reserve results to the business
- Deliver complete, accurate and timely results, obtaining all party agreement prior to the usual IPV month end meeting.
- Review of parameters and assumptions used in the valuation of products, ensuring their accuracy and appropriateness.
- Work with BLACK, SABR and HW models
- Perform documention review of existing processes
- Ad hoc duties include mid month data review, MIS reconcilations, Rubix development and Submission preparation.
Key Experience:
- Ideal candidate would have a degree in a highly numerical subject (Mathematics/Physics)
- Strong IB experience within interest rate derivatives including specific valuations and price testing experience.
- Demonstrate a solid understanding of Exotic Products, in particular Quantos and Inflation products.
- An ability to communicate well with all the stakeholders
- Ability to work to tight daily and monthly deadlines
- A highly self motivated individual who can demonstrate good attention to detail.
- Good understanding of Microsoft Excel, Access, VBA,
The ideal candidate will be a bright assured self starter with equally good technical and interpersonal skills. We are looking for somebody who is willing to learn (both business and technical), with the ability to take on additional responsibilities.
Please send all applications to (see below)
As we receive such a high volume of applications every day, regretfully, we are only able to respond to successful candidates.