Description
Job Title: IPV Finance Manager
Client: Lloyds
Type: Contract
Duration: 6 months rolling
Rate: £450-£525 P/d
Location: London
The IPV and Impairments team is a centralised function within Finance responsible for independent valuation control of all trading assets and liabilities in the commercial banking division. This team also provides valuation services.
This member will have involvement across all asset classes (Rates, Credit, FX, Equities and Commodities) covering both cash and derivative products.
The 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.
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.
* Good time management skills to ensure all deadlines are made and influencing skills to get other people to hit their deadlines.
Personal attributes
* Experience of managing complex and demanding stakeholders and clients.
* Self starter with a history of demonstrating strong drive and commitment.
* Strong organisation and delivery management skills.
* Good communicator, written and verbal. Must have strong presentation skills.
* Willingness to challenge.
* Listening skills, logical thinker and technical mind.
* Creative and inquisitive.
Working Knowledge Desirable
* Cash Securities - Treasuries, Corporate Bonds, High Yield bonds
* Credit Derivatives - Index CDS, Single Name CDS, TRS
* CVA, FVA, DVA
* Collateral management