Manager/Senior Manager/AVP - Valuation Control - Bank

Valuation Control (VC)- formulates and implements valuation adjustment and price testing policies to ensure that the Bank's positions are appropriately recorded. VC forms a specific portion of the larger policing unit with the responsibility of fair valuation of assets and liabilities through Independent Price Verification and Reserving. VC ensures a Fair Valuation of the banks books and records independent of the banks risk taking function. With an energetic and collaborative bunch of individuals from a range of professional backgrounds - Chartered Financial Analysts, financial engineers and risk management professionals, this business critical function is building best in class professional working environment.

KEY RESPONSIBILITIES -

Responsible for independent valuation at month-end of all assets and liabilities using multiple external vendor services pricing.

2. Providing timely information to the relevant product controller on the impacts to their books.

3. Conducting reviews of significant deals.

4. Calculation and analysis of reserves.

5. Analysis of model deficiencies.

6. Production of monthly pack which clearly states the over or undervaluation as compared to front office.

7. Review and implement Independent Pricing methodologies.

8. Ensure all trades are marked to fair value.

9. Identify pricing issues for complex derivative trades.

10. Establish best practice valuation techniques.

11. Ensure a robust and optimized Prudential Valuation Framework.

CONTRIBUTES TO -

1. A first class finance / Valuation Control division, which continually seeks to challenge and improve standards.

2. Driving closer alignment between Product Control and Valuation control.

3. Positioning of Valuation Control as a more business focused function with a strong understanding of the business and its drivers.

4. A strong internal control environment, which will ensure business continues to grow in a stable and well controlled manner.

KNOW HOW AND EXPERIENCE -

1. Educated to degree level; preferably with a Finance / Business OR Financial Engineering background OR Masters degree in a quantitative subject.

2. Strong IT skills. In particular and functional programming and SQL.

3. Ability to work under constant pressure to tight deadlines and deliver high quality output.

4. Excellent interpersonal skills, with the ability to communicate at all levels both written (report and guideline writing) and verbally.

5. Analytical and challenging mindset.