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Valuation Control (VC) is a critical technical function within Finance, dedicated to ensuring the integrity of Fair Value through robust Fair Value Adjustments (FVAs), Prudent Valuation Adjustments (PVAs), and Independent Price Verification (IPV) methodologies. As a Vice President within the newly established Valuation Control Model Development team, you will play a pivotal role in designing and enhancing quantitative and qualitative models that underpin these processes. This cross-asset class role offers a unique opportunity to influence strategic improvements in model governance across the bank, ensuring compliance with regulatory standards and alignment with best market practices.
Job Responsibility:
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
Requirements:
Understanding of model governance requirements and regulatory policies, with ability to address valuation requirements in line with accounting and regulatory standards
Experience in valuation control or a related function (e.g., risk management, model validation, or trading) within a top-tier investment bank
Ability to manage own workload, demonstrating proactivity and independence in meeting deadlines
Background in developing or validating models and methodologies combined with financial product knowledge
Nice to have:
Experience or knowledge of valuation models and methodologies used for FVA, PVA, IPV
Experience supporting regulatory and audit challenges related to valuation controls and valuation models/methodologies
Ability to engage with Traders and Front Office Quantitative Analysts on valuation-related issues and provide clear explanations to diverse audiences
Knowledge of programming languages such as Python, VBA, R, or C++ for model development and process automation
Project management and collaboration skills to deliver plans in partnership with core Valuation Control teams and meet model governance deadlines
What we offer:
Hybrid working
Structured approach to hybrid working with fixed 'anchor' days
Supportive and inclusive culture and environment
Commitment to flexible working arrangements
Opportunity to work on an international scale with global mobility