Description
I am looking for an experienced Valuations Manager to join a top bank based in London. The role will be working within the control function to perform IPV (Independent Price Verification) and other Valuation Adjustments across a wide range of asset class positionsThe IPV team have the following responsibilities
Oversight, review and critique of independent price verification ("IPV") on all pricing parameters for commercial banking at month end. This includes reporting and commentaries on all results and communication with Trading, Market Risk Management and Finance.
Oversight, review and critique of daily IPV to ensure Trading mark their books accurately on a daily basis. Escalation of issues to Finance Directors and Business Management.
Develop and evolve daily valuation control process.
Ensure consistent methodologies and valuation adjustment calculations are adopted across all businesses.
Ensure all aspects of valuation control are adequately documented for internal and external requirements.
Proactively improve processes including streamlining and automation of existing manual processes.
Liaise with Trading, senior Finance management, Market Risk Management, internal/external audit and regulators on valuation issues as they arise.
Assess adequacy of model controls to ensure continuing model validity. This includes the underlying model and the calibration of parameters into the model.
Confirmation of valuation control aspects of the New Product Approval.
Active role in development of the bank valuation policies and standards.
Candidate Requirements
3+ years of experience of Financial Market Products in either Valuations and/or Risk.
Good working knowledge of full spectrum of products from vanilla to exotic and excellent track record of corporate governance.
Understanding of risk and excellent technical product knowledge including IPV methods and sources, preferably across all asset classes (Rates, Credit, FX, Commodities and Equities).
Ability to represent IPV in discussions and meetings with senior finance management, business, risk and product control.
Experience within a change role/environment demonstrating analysis techniques, problem solving and project management skills.
Appreciation of Control and Risk environment.
Experience of providing detailed high level analysis to senior managers and trading management.
Ability to contribute to management team discussions of the wider and issues facing the IPV and Impairments team.
Contract role based in London
6 month initial contract
per day
This role is one of lead requirements to fill for this project to move forward, so if you fit the criteria above and would like to know more information please drop me a copy of your CV and I will be in touch.
Many thanks