Valuation Controller- Counterparty Risk Trading
Full Job Description
A unique opportunity has arisen to join a Tier 1 Investment Bank within their Counterparty Risk Trading Valuation Control team focusing on Structured Credit. This newly created position is tailored specifically for handling the Counterparty Risk Trading (CRT) valuation risk. As the Counterparty Risk Trading Valuation Controller, your primary duties will include:
*Independent valuation of all fair value positions in CRT
*Calculation of fair value adjustments in CRT
*Communicating 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
*Act as a subject matter expert on CVA / DVA methodology and keep abreast of their evolution and implementation
*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 with the "Change the Bank" team to enhance specification of technology requirements as well as assisting with testing managing new releases
In the initial phase the main responsibilities will be to help IVC takeover existing independent valuation procedures and getting familiarised with its concepts, methodologies and systems so strong communication skills and the ability to pick up new concepts quickly will be key.
The successful candidate will have a strong academic background in a Mathematical/ Scientific discipline from a top-tier University. You will have a clear understanding of valuation concepts for credit instruments and be a subject matter expert (or at least have an interest to develop this expertise) on credit products; especially CDS, Index CDS and Quanto CDS. Candidates with previous Valuation Methodology experience will have a distinct advantage while high attention to detail and the confidence to deal with a demanding Front Office is required.
If you have the experience highlighted above within an investment bank, please apply now as this is an immediate opportunity to join a highly respected global organisation that will not last long!
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