VP Credit IPV / Valuations – ABS / RMBS – Leading Investment Bank recruitment
Leading Investment Bank looking to hire VP with a solid background in Credit IPV / Valuations (ABS, RMBS, CMBS, CDO). The function is responsible for the governance of reserving and independent price verification, as well as inputting into the model approval process and the assessment of valuation uncertainty.
The IPV (Independent Price Verification) team perform a technically challenging role in Finance, requiring a solid understanding of Finance infrastructure; cross-asset product knowledge, from both risk and pricing perspectives and an up-to-date knowledge of market practice, conditions and the regulation.
The role will involve frequent liaison with Front Office Trading, Finance Directors as well as consultation with Market Risk Management, Model Risk Analytics and the Accounting Policy Advisory Group, as appropriate.
You should possess strong product knowledge in Credit. This must include an understanding of both theoretical model related valuation issues as well as practical issues faced in implementation including current market practice. Experience of the IPV ,including the price-testing and reserving of unobservable or illiquid valuation parameters, i.e. the need for a pragmatic approach that can bridge the gap between theory and practice, producing a quantification of the valuation uncertainty.
You will provide support and recommendations to the business and senior members of the Bank and Front Office
Have an excellent academic record 1st Class Degree, MSc or PHD and a certificate in Quantitative Finance or accounting qualification would be a plus. Strong exposure to (ABS, RMBS, CMBS, CDO).
Concilium Finance is an equal opportunities employer and welcomes applications from all age groups. Concilium Finance is acting as an employment agency for this opportunity