Valuation Risk Manager (VP) recruitment
Reporting to the Head of Valuation Risk in New York, the Valuation Risk Manager will provide Independent price verification coverage for their main Rates business also interest rate derivatives held by other business units, Treasury and Structured Transactions Group (circa $200 billion of assets in total).
You will also provide independent valuations to the CIO Office who manage $20 billion in corporate bond and Emerging Market bond portfolios. The position manages 1 Analyst and 1 AVP.
RESPONSIBILITIES:
- Responsible for independent price verification of various asset classes, including interest rate derivatives and commodity derivatives (predominantly weather), and process re-engineering of the IPV function.
- Communicating price verification results to trading desks and resolving valuation issues
- Collaborating closely with Market Risk Quantitative Risk Management teams to address risk issues holistically
- Developing tools and techniques to assess valuations and risk
- Enhancing existing IPV processes to improve efficiency depth of review
- Produce memos reports on IPV results for committees up to Board level
- Maintain documentation procedures
- Supporting projects such as Data quality, Risk reporting, System enhancement initiatives
KEY SKILLS EXPERIENCE:
- 5 years experience in Valuations, Market risk or similar
- Good knowledge of (vanilla) interest rate derivatives (securities and derivatives), bonds, plus some structured trades.
- Strong academics with a degree in a quantitative subject [Maths, Physics, etc]
- Advanced Excel VBA required; Access is desirable
- Proven ability to handle multiple tasks projects simultaneously is essential
- Highly detail oriented, pro-active self-starter with very good interpersonal skills
May 24, 2010
• Tags: Risk Management careers in the UK, Valuation Risk Manager (VP) recruitment • Posted in: Financial