Senior Valuations Manager, IPV

Working with the IPV and Impairments team, a centralised function within Finance responsible for independent valuation control of all trading assets and liabilities in the commercial banking division. This team also provides valuation services the client.

This member will have involvement across all asset classes (Rates, Credit, FX, Equities and Commodities) covering both cash and derivative products.

Job Overview

Oversight, review and critique of independent price verification ("IPV") on all pricing parameters for commercial banking at month end. This includes reporting and commentaries on all results and communication with Trading, Market Risk Management and Finance.
Oversight, review and critique of daily IPV to ensure Trading mark their books accurately on a daily basis.
Escalation of issues to Finance Directors and Business Management.
Develop and evolve daily valuation control process.
Ensure consistent methodologies and valuation adjustment calculations area adopted across all businesses.
Ensure all aspects of valuation control are adequately documented for internal and external requirements.
Proactively improve processes including streamlining and automation of existing manual processes.
Liaise with Trading, senior Finance management, Market Risk Management, internal/external audit and regulators on valuation issues as they arise.
Assess adequacy of model controls to ensure continuing model validity. This includes the underlying model and the calibration of parameters into the model.
Confirmation of valuation control aspects of the New Product Approval.
Active role in development of the bank valuation policies and standards.

Candidate Requirements

4+ years of experience of Financial Market Products in either Valuations and/or Risk.
Good working knowledge of full spectrum of products from vanilla to exotic and excellent track record of corporate governance.
Understanding of risk and excellent technical product knowledge including IPV methods and sources, preferably across all asset classes (Rates, Credit, FX, Commodities and Equities).
Ability to represent IPV in discussions and meetings with senior finance management, business, risk and product control.
Experience within a change role/environment demonstrating analysis techniques, problem solving and project management skills.
Appreciation of Control and Risk environment.
Experience of providing detailed high level analysis to senior managers and trading management.
Ability to contribute to management team discussions of the wider and issues facing the IPV and Impairments team.

Desirable Working Knowledge

FX Swaps and Options. FX Forwards/Spots
Barrier options, Forward Extras
Basic knowledge of FX derivative models and risk sensitivies used to quantify market data moves
FX Date Weights, FX Mixing Weights

Allegis Group Limited and Aston Carter Limited operate Employment Businesses and Agencies and are companies within the Allegis Group Inc. group of companies, the fourth largest staffing company in the world, (collectively referred to as the "Allegis Group"). TEKsystems and Aerotek are divisions of Allegis Group Limited. Applicant data will be treated in accordance with the Allegis Group's Privacy Notice ). By submitting personal data to any company or division within the Allegis Group, the applicant is providing explicit consent to the use of such data by the Allegis Group and to the transfer of such data to and from the Allegis Group companies within the UK, Europe and outside the European Economic Area in connection with the fulfilment of the applicant's voluntary requests, and the fulfilment of other job opportunities that match the applicant's profile, and confirms that they may be contacted about such job opportunities.