Valuations
Our client, a world leader within the Banking Industry, is currently seeking to recruit a Valuations Control – Rates/Exotics, to their Valuations Control Group. The group forms the primary interface for discussing valuation issues with the Front Office, but retains reporting lines through the Finance Risk management chain.
The successful candidate will be responsible for the ongoing monitoring of risk exposures, concentrations and market activity across the business amongst other things.
Key responsibilities within the role include:
· Ongoing monitoring of risk exposures, concentrations and market activity across the business to understand impact on reserves and parameters calibration in the book
· Driving efficient execution of key processes around Reserve Substantiation Reporting, PL Analysis and Independent Price Verification
· Play a central role in providing month-end prices to the Totem service on a wide range of products, with particular focus on rates exotics products (Bermudan swaptions, quanto structures, spread option trades)
· Work on projects to develop innovative, new risk measures and implement best practice methodology for fair valuation and reserve methodology
· Validate and resolve Valuation issues
· Review 'approximately loaded' trades
· Follow interest rate markets closely and ensure that reserves, PL and market moves can be triangulated on a regular basis
· Ah hoc projects and value - added analysis
Essential requirements are:
· Good existing knowledge of interest rate products / markets and derivative products in general, including derivative pricing, risk and valuation
· Ability to understand complex products and analyse transaction and process flows
· Familiarity with Totem service. An ability to use core business systems to generate prices for vanilla and exotic products would be beneficial
· Track record of dealing with Front Office and coordinating with wide variety of other control groups
· Strong written and spoken communication skills
· Commitment to getting things done to tight timeframes and detail focused
· Ability to work with limited supervision and be able to reach appropriate decisions / conclusions
· Strong commitment to learn and operate outside of comfort zone
· Advanced competency in Excel
This role requires someone with experience with interest rate products in Finance/Risk-related fields and experience in the financial sector. In addition to this you must have good analytical and quantitative skills. Competency in VBA would also be beneficial. Should you satisfy the criteria described this could be a fantastic role to bolster your professional experience and drive change within a global banking environment.
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