AVP Structured Credit Valuations recruitment
The vacancy falls in the Structured Credit IVC team, which consists of two VPs and an AVP. This specific new position is tailored specifically for handling the Counterparty Risk Trading (CRT) valuation risk. The valuation controls for CRT were historically partly managed by another team. The main responsibilities of this new position are:
- Independent valuation of all fair value positions in CRT
- Calculation of fair value adjustments in CRT
- Communicating Price Testing results to senior finance management, trading desks and external stakeholders (auditors, regulators), via the production of the monthly Price Testing pack and relevant meetings
- Act as a subject matter expert on CVA / DVA methodology and keep abreast of their evolution and implementation
- Work with peers in other IVC teams to help establish best practice guidelines and ensure these guidelines are well-communicated and adhered to within the Credit space.
- Working with the “Change the Bank” team to enhance specification of technology requirements as well as assisting with testing managing new releases
In the initial phase though, the main responsibilities will be to help IVC takeover existing independent valuation procedures and getting familiarised with its concepts, methodologies and systems.
The individual
- 2:1 degree or equivalent at undergrad level in mathematical / scientific discipline from top-tier University
- Subject matter expertise on credit products, especially CDS, Index CDS, Quanto CDS
- Clear understanding of valuation concepts for credit instruments
- Previous experience in a credit control environment (Line product control or valuation control)
- Excellent Excel, VBA, Word Access skills including use of macros to build reporting and analysis tools
August 10, 2012
• Tags: Accounting & Finance careers in the UK, AVP Structured Credit Valuations recruitment • Posted in: Financial