VP Credit Valuations
Our client is a leading Corporate Banking business based in CanaryWharf. Do to the recent creation of a new division they current require an experienced Vice President to join their Credit Valuations team.
Key responsibilities include:
- Review new trades and restructures for day1 P/L and accounting reclassification purposes
- Development and review of methodologies for, and perform the calculation of fair value and prudent valuation adjustments for the Corporate loan portfolio
- Independent price verification for a number of product types and risk
- Conduct deep dives on products / areas to resolve valuation issues
- Communicating valuation results to senior finance management, trading desks and external stakeholders (auditors, regulators), via the production of the monthly Price Testing pack and relevant meetings
- Work with peers in other valuation teams to help establish best practice guidelines and ensure these guidelines are well-communicated and adhered to within the Credit space.
Essential requirements:
- 2:1 degree or equivalent at undergrad level in mathematical / scientific discipline from top-tier University
- Some further technically-related degree or industry qualification
- Strong understanding of the corporate loan product and quantitative valuation approaches thereof
- Previous experience in a credit environment (line product control or valuation control)
- Project management experience
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