Correlation & Structured Credit Product Control AVP recruitment
This is an excellent opportunity for an established product controller with strong Correlation and Structured Credit experience to join the Structured Credit Product Control Team taking on responsibility for independent price verification and the calculation of fair value adjustments, reporting results and conclusions to senior management with recommended actions, liaising with quantitative analytics, and provide analysis of valuation models as part of the price verification process.
The successful candidate will liaise with Quantitative Analytics, Market Risk and Model Validation as part of the trade approval process
Your main responsibilities will include:
- Independent price verification for the Credit Correlation Credit Exotics businesses
- Calculation of various fair value adjustments
- Deep dive on a number of exotic structures / products to establish new valuation methodologies
- Full ownership / responsibility of the month end production process:
o Markit / Totem month end Submissions
o Generation of variances, uncertainty, reserves …
o Analysis of results
o Escalation of valuation issues
- Managing the communication of 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
- 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 on creating solutions / improvements to the IPV process. This requires working with the 'Change the Bank' team to enhance specification of technology requirements as well as assisting with testing managing new releases.
- Running alternative Scenarios and explaining results to senior management in Front Office Finance. This will require the use Pricing Analytics.
- Depending on the candidate's performance, the mandate of the role might be widened to include more credit desks
This is an excellent opportunity for an established Correlation and Structured Credit product controller to develop their career. Strong knowledge of the Exotic Credit Derivatives and previous experience in a credit control environment are essential. The ideal candidate will demonstrate an ability to work towards tight deadlines and proven analytical skills combined with the ability to liaise with Senior Management.
