AVP - Valuation Controller - Investment Bank

- 5-10 years relevant Investment Banking experience, preferably in Valuation Risk and Control functions, Independent Price Verification (IPV)

- Perform IPV of all trades, positions and risks within responsibility area by sourcing independent prices and parameters

- Perform IPV in accordance with approved IPV methodology documents based on the appropriate frequency; monthly unless specified otherwise

- Ensure IPV differences are actioned in accordance with the appropriate actionability framework category, and/or unadjusted differences properly recorded in the centralized reporting application

- Ensure that the IPV methodologies and any explanations provided by Traders for unadjusted differences are fully understood and commented according to policy

- Escalation of non-compliance with pricing procedures or unapproved product types in the portfolio

Valuation Adjustments

- Valuation adjustments are made to ensure the firm's positions are marked at their appropriate Fair Value in order that the financial statements are accurate. Fair Value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between participants at the measurement date. Objective of Fair Value measurement is to determine the - Exit Price- for an instrument. VC responsibilities include validating methodology and partnering with BC for the calculation of valuation adjustments.

Valuation Governance

- Management of the model governance process including model usage. Failure to use appropriate models may lead to improper valuation and risk calculations resulting in material misstatement of financial statements and regulatory reporting. Independent review of IPV and valuation issues at the Independent Valuation Review (IVR) and IPV Meetings.