Vice President - Valuation Control - Investment Bank

Vice President - Valuation Control - Investment Bank

The Role Responsibilities :

- Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.

- Independently assess the valuation and associated uncertainty of assets and liabilities within business, specifically continuing the evolution and ensuring the integrity of the IPV and Fair Value reserving processes.

- Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.

- Provide thought leadership and take accountability from Bangalore on different initiatives spanning - Technology (SABRE, Aspire, Razor, Stride), Regulatory (IBOR, ViR ).

- Design, develop and evolve the methodologies to optimize the Prudential Valuation and stress Prudential Valuation framework. Ensure a robust PVA framework.

- Research market best practice and keep abreast of the evolving issues e.g. XVA that affect the valuation of the Rates business.

- Review the work for junior members of the team and ensuring the team follows robust controls and governance framework.

- Design, implement and maintain policies and procedures for model risk, calibration risk and implementation risk reserving.

- Set appropriate tone and expectations from team members and work in collaboration with risk and control partners.

- Employ, engage and retain high quality people, with succession planning for critical roles.

- Review and presentation of monthly valuation packs for Finance Committee and FO.

- Lead through example and build the appropriate culture and values.