Director - Valuation Governance - BFSI

Overview of Valuation Oversight & Consistency :

Valuation Oversight & Consistency are a centralized group of professionals supporting senior management in valuation governance and reporting processes.

Their role within the valuations process includes :

- Maintaining and updating Principles and Guidance documentation and supporting valuation controllers in applying principles & guidance.

- Review practices and decisions to assess consistency across different product teams and to assess compliance with Principles & Guidance.

- Supporting the coordination the monthly IPV process and reporting the results to senior management.

- Aggregating and analyzing IPV, Fair Value Adjustments and Fair Value Hierarchy results for valuation reporting & external disclosure purposes

Role specifics :

VOC is looking for Director to support the internal and external reporting processes, working closely with our strategic partner. The role will support all fair value related disclosures processes and management information processes within Valuation Control & Governance.

Specific responsibilities include :

- Preparing monthly valuation reports that are presented to senior management, auditors and regulators.

- Producing summary commentary on key valuation items including IPV results, reserve movements and valuation issues. The commentary needs to convey key messages to management, therefore going beyond factual reporting.

- Reviewing and aggregating monthly Fair Value Hierarchy categorization results for internal and external disclosure purposes; and maintaining appropriate FVH controls including monthly and quarterly analysis of movements in balances and review of aged untested positions not classified as Level 3.

- Supporting the completion of all aspects of valuation disclosures in the financial statements for consolidated financial statements and any other relevant group entities; including the preparation and submission of forms to Group Control and Accounting.

- Maintain the integrity of the reporting processes, including appropriate completeness controls, consistency and trending.

- Assist in responding to requests from external regulators, ORC and internal & external auditors.

- Supporting projects to enhance the valuations reports driven by changes to accounting standards and/or regulatory requirements

Candidate attributes :

- Excellent verbal and written communication skills, with the ability to tailor it to senior audience.

- Strong project management skills.

- Strong MS Office skills, in particular Excel & PowerPoint

- MS Excel macro skills is a requirement

- MS Access knowledge is a requirement

- Good understanding of investment banking products (specific product expertise NOT required)

- Qualified Accountant or other professional qualifications (e.g. CFA) can be advantage, but not essential.