VP Exotic Equities Valuations recruitment
This position is focussed on the mark review (independent price verification) of the Equity Derivatives business. It will cover the full spectrum of equity derivative products, from vanilla Equity Options, Variance and Volatility Swaps and Dispersion Trades through to Basket Options, Cliquets, CPPI and other Gap Risk Products, Exotic Payoff Options, Autocallables and Structured Notes.
Role Responsibilities:
- A key leader in the management of the European Equities Valuations team; work effectively with the global management team;
- Take ownership for production of a number of monthly independent mark reviews within the Equity Derivatives team;
- Communicate results to team management as well as participation in review of detailed results with trading desks;
- Mid month support mark review analysis and process improvement by performing in depth analysis on valuation issues or supporting process and infrastructure development;
- Partner with the model control team within Valuations to develop and enhance independent valuation methodologies; ensure the group’s documentation around mark review methodologies is fully up to date and make revisions as required;
- Take ownership of balance sheet categorisation based upon observability in accordance with FAS157;
- Pro-active management of valuation risk; where necessary lead the coordination of solutions in partnership with the Business Unit Controllers, front office Quantitative Modelling group, Market Risk Department and other institutional groups;
- Challenge existing working practices and improve efficiencies.
Skills Required
- Demonstrable independent price verification or product control experience in exotic or structured derivatives;
- Analytical approach; attention to detail and mindset of accuracy;
- Confidence and strong communication skills are essential;
- Excellent academics including a highly numerate degree or equivalent;
- PC literate with strong command of excel spreadsheets, preferably with experience in the visual basic language.
July 19, 2012
• Tags: Accounting & Finance careers in the UK, VP Exotic Equities Valuations recruitment • Posted in: Financial