Corporate Credit Valuation Controller
The team provides assurance, through trusted independent advice to senior management and the firm’s stakeholders, that the Bank’s trading positions are transparently understood and appropriately valued. Independent price verification, model calibration and the calculation of model reserves. Oversight and analysis of reserve methodologies
The responsibilities include review new trades and restructures for day1 P/L and accounting reclassification purposes. Development and review of methodologies for, and perform the calculation of fair value and prudent valuation adjustments for the Corporate loan portfolio. Independent price verification for a number of product types and risk (Cash Loans, public sector loans, long-dated). Conduct deep dives on products / areas to resolve valuation issues. Communicating valuation results to senior finance management, trading desks and external stakeholders (auditors, regulators), via the production of the monthly Price Testing pack and relevant meetings. Work with peers in other valuation teams to help establish best practice guidelines and ensure these guidelines are well-communicated and adhered to within the Credit space.
The ideal candidate will possess a strong understanding of the corporate loan product and quantitative valuation approaches thereof. You will come from existing Valuations team at another I.B, consultancy or perhaps the Buy-Side.
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