Valuations (Interest Rates) – VP recruitment
This role sits specifically within the European Interest Rate Valuation team and covers both flow and structured products. The role will focus on the management, coordination and delivery of an enhanced control environment and the delivery of key tactical and strategic initiatives to support mark review infrastructure automation and process improvement. The role requires significant coordination across the various mark review stakeholders including the business unit, strategists, IT, finance and other global counterparts. The role will report into the European Interest Rate Valuations head.
- Interest Rate VRG is responsible for the independent valuation of the firm's interest rate products in the primary and secondary trading business units.
- The products covered include bonds, interest rate swaps, inflation swaps, options, hybrids and other complex interest rate products.
- The group reviews each position valuation, which involves pre-approving the valuation methodologies, testing adherence to such methodologies, comparing the desk marks to external marks/benchmarks, performing valuation analyses where transparent pricing is not available, identifying and resolving potential pricing discrepancies and providing a valuation summary assessment to senior management.
-The group is also involved in the continuous advancement and enhancements of the valuation control infrastructure with a view towards global standardisation.
In order to qualify for this role you must meet the following criteria:
• Excellent academics including the equivalent of a degree in a numerate subject and good A level results • • Demonstratable derivative product valuation knowledge.
• Demonstratable process change infrastructure (automation) improvement experience gained in a similar investment banking environment.
• An accounting or product technical qualification would be an advantage.
• Effective team and people management skills.