VP, MVRM Valuation Control – Valuation Methodology

Full Time

International Banking Client

Office Status: Hybrid

Overview

As part of Valuation Control Methodology, you will focus on Independent Price Verification (IPV) across derivatives and complex credit products supporting all businesses (Rates, Credit and Equities) in the Americas. You’ll be an integral part of the team reporting to the Americas Head of Valuation Methodology focusing on all methodology aspects of valuation control including IPV, fair value reserving, prudent valuation, leveling and control framework. You will also be involved on the Market Risk side and interact across the entire organization including Front Office, Risk and Finance.

Your Key Responsibilities:

  • Oversight of monthly and intra-month Independent Price Verification (IPV) across multiple asset classes with a focus on derivatives and complex cash products
  • Development of valuation methodologies, model appropriateness and reserving; independent modelling of transactions may be required. Review and deep-dive analysis of Level 3 (i.e. hard-to-value positions), bespoke and structured trades
  • Responsible for the valuation control processes including but not limited to: valuation, leveling (i.e. Level, 1, 2 and 3), sourcing of market data and back testing, prudent valuation, model calibration, methodology reviews, reporting, observability and analysis of results. Respond to relevant regulatory and audit queries
  • Independent modelling may be required. New trade and product reviews
  • Involvement on the Market Risk side as fully integrated with Valuation function
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