Product Control- IPV (Credit)
AGS on behalf of RBS represents contract and temporary opportunities for RBS MIB (Markets and International Banking). We have an outstanding contract opportunity for a PRODUCT CONTROLLER- IPV (Credit) to make their mark with one of the world's largest international banking and financial services companies. In the role of a Product Controller, you will play an integral role in helping our client deliver market leading services that set it apart from its competitors.
Some of the duties involved:
- To partner with the Credit Mortgage Markets (CMM) Business and provide value add support in relation to new product development and valuation
- To ensure the maintenance of valuation control and governance over the trading books and records of the CMM Business
- Independent Price Verification (IPV) for the FI Credit businesses
- Closure of any testing gaps identified in the course of undertaking IPV
- Devising appropriate methodologies where independent reference levels are not available
- Interpreting Front Office pricing models and adopting these for IPV using independent parameters
- Production of results for full suite of FI Credit business products (including Corporate, Financial and ABS bonds, Leveraged Loans, CDS (Single name, Index, Loan, ABS), Property Derivatives, TRS and Equity)
- Undertaking completeness review to ensure test population agrees to B/S
- Review of test results to ensure in line with prescribed testing rules and also ensuring consistency
- Interaction and discussion with Line BUC team, Front Office, Market Risk, Credit Risk and GPU Policy team
- Assessment of results versus adjustment trigger levels and advice to Line BUC team of reserve postings required
- Reserving:
- Production and review of all relevant Reserving methodologies relevant to the FI Credit businesses
- Review and assessment of best quality and coverage data to adopt in Reserving processes
- Production of CDS Bid-Offer, CDS Recovery Rate and CVA reserves for FI Credit businesses
- Communication and finalisation of Reserves with the Trading Desks,
- ESSENTIAL REQUIREMENTS:
- Previous experience within a Valuation and/or IPV role
- Have demonstrated a proven ability to identify and resolve issues with minimum supervision
- Technical understanding including Valuation bases for Credit products; Bonds (Corporate, Financial and ABS) and Credit Derivatives
- Flexibility to cover other areas within the business
- Technical knowledge of Rates and Equity products (Would also be ideal)
The ability to bring previous experience into the team to help solve specific problems as well as improve processes and efficiency
If you want to find out more about this role or other contract job opportunities in Product Control please call us on 0207 678 9198 or email or visit us http://www.agsatrbs.com/
Not ready to apply? Join our talent community in a click so we can find you for a job you'll love. ags-rbs" href="http://connect.find.ly/Allegis Group Services is acting as an Employment Agency in relation to this vacancy.
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