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Risk Analytics Lead Consultant role is a derivative valuation specialist within the newly created enterprise-wide center of excellence group that will be responsible for ensuring accurate valuations of and performing validation processes for capital markets products. The team is responsible for the application of consistent price validation policies throughout the corporate wide derivative and cash population including Equity, Credit, Interest Rate, FX, Commodity and CVA. The position requires an in-depth understanding of valuation techniques, models and valuation inputs. The ideal candidate will possess strong analytical and quantitative skill sets. Individual will be expected to assist with problem identification and solutions, and share best practices. This role will be required to frequently interact with senior management, business unit leaders, and other business partners. The successful candidate will be a highly motivated team player and a self-starter who is accustomed to working in complex organizations, partnering with a diverse group of stakeholders, and achieving results. The candidate should be flexible, be able to withstand challenges and adapt accordingly. This is an exciting opportunity to help ensure high quality standards and compliance with the firm’s valuation and validation policies. This role requires a highly organized individual that is able to multi-task effectively and can quickly grasp complex instruments. Excellent planning and communication skills are required as this position needs to be highly skilled in anticipating and articulating issues and communicating those issues to various audiences within the organization. This role requires driving asset class specific initiatives and working with different stakeholder to support growing business needs and implement robust controls across the IPV process.
Job Responsibility
Ensuring accurate valuations and performing independent price verification processes for derivatives, with focus on Commodities derivatives
Review Bid Offer and Model Valuation Adjustment for derivative portfolio
Deep dive IPV results and assist trader with high quality commentary month on month basis
Meet deliverables while leveraging solid understanding of Fair Valuation policies, procedures, and compliance requirements
Interact with technology teams to streamline IPV processes
Interact with quants, traders, market risk and product control to lead various IPV projects
Resolve moderately complex issues independently
Lead projects, teams, or serve as a mentor for less experienced staff
Requirements
Bachelors/MBA in Finance, Accounting, Statistics, Economics or Business or CFA/FRM/CQF
8+ years of experience in one or a combination of the following: Valuations, analytics, financial modeling
Prior work experience
knowledge of capital markets products, preferably Commodities derivatives
Applied knowledge and understanding of derivatives valuation (preferably as used in Rates Derivatives) and building of interest rate curves
Experience in trading, valuing or price validating capital market instruments
Excellent verbal and written communication skills
Advanced Microsoft Office skills, SQL
Ability to organize and manage multiple priorities with challenging timelines
Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
Collaborate and consult with peers, colleagues, and mid-level managers to resolve issues and achieve goals
Nice to have
Prior working knowledge of one or more of the following: Calypso, Alteryx, Power BI, Tableau and Microsoft Powerpoint
Prior working knowledge of AI tools available in market
Applied knowledge and understanding of derivative products numerical solution methods such as binomial trees, Monte Carlo, and finite difference methods
Previous experience with Market Risk, Product Control or Model Risk Management practices including Model Governance and/or Model Validation
Ability to collaborate with internal and external partners
Excellent communication skills
ability to clearly communicate with business partners, peers and senior management
Strong conceptual and quantitative problem solving skills