Director Level – Independent Model Control | Quantitative Analyst
A tier 1 investment bank seeks a senior proven manager with a Cross asset skillset, excellent communication skills, an ability to influence senior colleagues and an ability to confidently explain complex issues at a variety of levels for a Director Level product control and valuations role.
Independent Model Control is a small specialist valuations team sitting within Product Control.
The team performs the following functions from a Product Control perspective:
- Drives improvements to global model governance
- Development of a reporting and control framework around model risk
- Oversight and signoff of complex valuation controls.
This role requires focus on a global FX and development of controls specific to the area.
Primarily responsibility will be to review and drive improvements to key valuation controls:
• Model Risk analysis
• Portfolio valuation and model calibration
• Fair valuation adjustment methodology
• Trade approval/booking review
• IPV
The successful candidate will be expected to forge close relationships with key senior business partners, in particular Front Office and Risk, as well as the wider Product Control group.
The role involves active participation in submissions to the global Valuation Committee and other presentations to senior management, as well as auditor and regulator contact.
The role will require assessment of the global team requirements for the asset class, and subsequent building of the team.
The ideal candidate will also require
• In-depth understanding of derivatives and valuation models, and appropriate control framework.
• 7+ years within quantitative control function
• MSc or PhD in quantitative Finance
• Excellent technical ability
• Very good communication skills
Keywords: Quantitative Analyst; Valuations; IPV; Pricing; Cross asset; Product Control; Derivatives; London; UK
To apply please contact quantexotic@selbyjennings.com with CV in word format or call + 44 (0) 207 019 4137. www.selbyjennings.com