Description
Working with the IPV and Impairments team, 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 the client. This member will have involvement across all asset classes (Rates, Credit, FX, Equities and Commodities) covering both cash and derivative products. The role is formally responsible for the control and independent valuation of Fixed Income products including cash bonds, futures, CDS & reserves.
Job Overview
* 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 area adopted across all businesses.
* Ensure all aspects of valuation control are adequately documented for internal and external requirements.
* 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
* Validation of trade input in books and records systems for these products and ensuring that the details of the trades are properly reflected in these systems.
Essential Experience
* Broad Product Control experience within an Investment Banking environment.
* Preferably qualified accountant
* Understanding of how to source valuation parameters independently for a broad rage of products.
* Very capable with large Excel spreadsheets.
Allegis Group Limited and Aston Carter Limited operate Employment Businesses and Agencies and are companies within the Allegis Group Inc. group of companies, the fourth largest staffing company in the world, (collectively referred to as the "Allegis Group"). TEKsystems and Aerotek are divisions of Allegis Group Limited. Applicant data will be treated in accordance with the Allegis Group's Privacy Notice ). By submitting personal data to any company or division within the Allegis Group, the applicant is providing explicit consent to the use of such data by the Allegis Group and to the transfer of such data to and from the Allegis Group companies within the UK, Europe and outside the European Economic Area in connection with the fulfilment of the applicant's voluntary requests, and the fulfilment of other job opportunities that match the applicant's profile, and confirms that they may be contacted about such job opportunities.