Valuations, FICC, AVP & VP, Exotic & Flow
Currently two exciting roles (AVP VP) exist in this specialist area with the FICC valuations space, focusing within Rates (Flow Exotics) Products.
The Valuations Team is responsible for dealing with valuation related issues arising with the firms trading portfolio. The group liaises with front office and risk management teams on valuation issues for existing and new trades and model-related issues. The group also works closely with the other areas within Product Control on provision methodology, design, and implementation.
This is an ideal position for someone who is keen on exposure to financial products valuation and comes from a strong controls background.
Key tasks and responsibilities include:
- Submission/review of valuations to/from TOTEM.
- Calculation of applicable fair value / model reserves
- Perform independent price verification work to ensure that the financial instruments are correctly fair valued
- Review new models from valuation perspective to provide approval as part of the model validation process.
- Investigation of pricing / model uncertainty in methodology and parameters used, testing model calibration employed
- Dealing with product control, risk management and quantitative departments on valuation and modelling issues
- Discussing price testing results, fair value and model reserves, general modelling issues / uncertainties with front office and reporting on suitability for specific products / markets
- Significant involvement in ad hoc projects / investigations
- Identifying areas that could cause potential risk to the bank and developing solutions to enhance current on-going processes and controls.
- Ensure that APAC valuation policy and reporting requirements are consistent and in line with global policy
- Key contact for business and global valuation teams with regards to valuation issues for APAC business
- Represent APAC valuation for any global valuation/reserves initiatitves and projects (IFRS13 PruVals)
- Direct Management of the team at the VP level
To be successful in this role, you would need to possess:
- Relevant experience at the AVP VP level in Product Control/Valuations/Risk control, with specific exposure to Rates, Credit and Structured products within the EM Asia space
- Excellent interpersonal skills with the ability to operate effectively across all levels within the organisation (across diverse range of customers and locations)
- Good knowledge in products and controls; with good quantitative analytical skills
- Independent and ability to operate alone in identifying and resolving valuation issues
- Knowledge of the behaviour of emerging markets and its potential risks
- Quantitative product knowledge in two or more of the following product areas: exotic interest rate derivatives / structured credit products / securitized products (sub-prime, CMBS) / exotic FX products
- Continually striving for process improvement
- Be proactive and assertive in driving control improvement for their area
- Customer focused – consistently meets client needs within constraints of time, Has track record of effective leadership and the development of people, a good listener
For further information on these opportunities please contact ebennett@astoncarter.com +65 6434 8452
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