AVP – VP Global Valuations Specialist Function / IPV – Leading Investment Bank recruitment
AVP - VP Global Valuations Specialist Function / IPV - Leading Investment Bank
London
Highly Desirable
Leading Investment Bank is looking for several AVP and VP’s with a solid background in IPV / Valuations / Exotic Product Control across all asset classes to work in a specialist function within global valuations. The area looks at valuation issues across the full suite of products traded by the Bank in the various locations.
The function is responsible for the governance of reserving and independent price verification, as well as inputting into the model approval process and the assessment of valuation uncertainty.
- Providing technical assistance and support on current market Valuation Issues e.g. CVA, secured and unsecured derivative discounting, and Fair Value Hierarchy classifications.
- The area also inputs into the review of valuation models from a Finance perspective, including the quantification of model reserves and of model uncertainty as appropriate.
- Governance of reserving and IPV methodologies.
- The development of IPV and Fair Value Adjustment Methodologies including the Valuation Policy Framework.
- Ensuring global compliance to policy through a global quality assurance programme
The role will involve frequent liaison with Front Office Trading, IPV team, Finance Directors as well as consultation with Market Risk Management, Model Risk Analytics and the Accounting Policy Advisory Group, as appropriate.
You should possess strong product knowledge in at least one major asset class. This must include an understanding of both theoretical model related valuation issues as well as practical issues faced in implementation including current market practice. Experience of the IPV ,including the price-testing and reserving of unobservable or illiquid valuation parameters, i.e. the need for a pragmatic approach that can bridge the gap between theory and practice, producing a quantification of the valuation uncertainty.
Have an excellent academic record 1st Class Degree, MSc or PHD and a certificate in Quantitative Finance or other financial mathematics qualification would be a plus. Fantastic opportunity to join a leading back with an niche team.