Commodities Valuations – AVP/VP recruitment
You will be involved in methodology related issues for a wide range of Commodity products including but limited to base metals, precious metals, power, gas etc. The role will require frequent liaison with Front Office Commodity Traders, as well as consultation with Market Risk, Model Risk and Accounting Policy where appropriate.
The successful candidates main responsibilities will include (but won’t be limited to) the following:
• Control the global consistency and governance of reserving and Independent Price Verification (IPV) methodologies.
• Develop the IPV and Fair Value Adjustment Methodologies including the Valuation Policy Framework.
• Provide technical assistance and support on current market Valuation Issues
• Inputting into the review of valuation models from a Finance perspective, including the quantification of model reserves and of model uncertainty as appropriate.
• Ensuring global compliance to policy through a global quality assurance programme
The desired candidate will be/have:
• Degree educated in a numerate subject, with an excellent academic record. A relevant MSc would be useful
• Self-motivated, proactive, enthusiastic and a team player.
• Enquiring and analytical, yet practical with a mindset in addressing and resolving issues.
• Able to display good organisational and communication skills, as is an ability to see the big picture.
• Experience in an Investment Bank, working in a relevant control function (Product Control, IPV, Risk Control). Front Office experience, although less directly relevant, will also be considered.
Experience of the IPV of Commodity products, 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