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We are seeking an outstanding candidate to be part of the XVA Valuation Control Team supporting the XVA desks across the Markets business. The Valuation Control Group (VCG) is an independent team of subject matter experts within the Finance Division. VCG's primary responsibility is to reasonably ensure that risk portfolios are fairly valued in accordance with applicable standards and regulatory requirements. In doing so, the team works closely with its stakeholders, including senior management, business heads, product control, market risk, regulators, and both internal and external audit.
Job Responsibility:
Support XVA Valuation Control in Budapest with responsibility for Independent Price Verification, Valuation Adjustments, Fair Value Levelling, as well as pertaining to analytical and project work
Responsibility for all aspects of valuation control of the business, including validation of market data inputs, reporting and analysis
Producing and implementing methodologies / procedures for valuation adjustments, price testing and fair value levelling across the business, with particular attention to the design of controls
Ensuring timely remediation of regulatory matters requiring attention, audit findings and reporting demands associated with the area of responsibility
Identifying pricing issues, valuation parameters or instrument types that may require particular attention with critical analysis of the valuation issues involved
Take a leading role in global, cross-functional projects
Acting as a business partner to the Business, Risk, Compliance and Finance
Enhancement and effective management of the VCG control and governance framework associated with the XVA desks
Requirements:
At least 6-8 years’ professional experience in Finance (preferably in Valuations, Product Control, Risk, Financial Control, or similar functions)
Strong understanding of current global accounting and regulatory developments pertaining to valuation of financial instruments
University or College degree in economics, finance, mathematics, or a similar relevant discipline
Ability to communicate effectively and efficiently across functions and departments (in English)
Solid capital markets product knowledge, with special regards to rates derivatives
Strong computer literacy with special regards to Microsoft Excel (VBA and Python being a plus)
Nice to have:
VBA
Python
What we offer:
Cafeteria Program
Home Office Allowance (for colleagues working in hybrid work model)
Paid Parental Leave Program (maternity and paternity leave)
Private Medical Care Program and onsite medical rooms at our offices
Pension Plan Contribution to voluntary pension fund
Group Life Insurance
Employee Assistance Program
Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
Flexible work arrangements to support you in managing work - life balance
Career progression opportunities across geographies and business lines
Socially active employee communities with diverse networking opportunities