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Join us as an Assistant Vice President - Product Control Prime Equities team where you will help craft innovative solutions that influence the Analysis of valuation models as part of the Product control team. Calculations of various fair value adjustments when required.
Job Responsibility
Reconciliation of daily profit and loss (P&L) figures for trading desks to ensure they align with the valued positions in the trading book, investigating and resolving discrepancies between P&L figures to ensure they reflect the true economic value of the trading portfolio
Support the identification, assessment, and mitigation of trading risks, and report on these financial risks to senior colleagues
Maintenance and analysis of the bank's trading data, ensuring its accuracy, completeness and consistency, and provision of insights to traders and senior colleagues on trading performance
Preparation and submission of regulatory reports to authorities, and provision of support to external audits including addressing auditor queries and ensuring trading activities are appropriately reflected in financial statements
Effective communication of complex financial information to traders, risk professionals, senior colleagues, and external stakeholders
Cross functional collaboration to ensure a coordinated approach to trading activities
Requirements
Development and maintenance of valuation methodologies for various financial instruments, and implementation of appropriate valuation models based on the characteristics of the financial instruments and market conditions
Management of valuation process for the bank's trading portfolio, including regular valuations of financial instruments and approval of valuations performed by colleagues
Analysis of market data to assess valuation inputs, assumptions, and potential valuation risks
Preparation and review of valuation reports, and support in preparing regulatory filings and financial statements
Provision of valuation insights to traders, risk professions and senior colleagues, and identification of areas for improvement in valuation methodologies and processes
What we offer
Onsite medical clinic
Wellness rooms for relaxation and meditation
Shuttle bus for easy commuting
Child care services
Close to a variety of great places to eat, socialise, shop and be entertained