VP Valuations – Credit Specialist recruitment
Principal duties:
• Independent price verification for the Credit Exotics and businesses
• Calculation of various fair value adjustments
• Deep dive on a number of exotic structures / products to establish new valuation methodologies
• Full ownership / responsibility of the month end production process:
oMarkit / Totem month end Submissions
oGeneration of variances, uncertainty, reserves …
oAnalysis of results
oEscalation of valuation issues
• Managing the communication of Price Testing 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 IVC teams to help establish best practice guidelines and ensure these guidelines are well-communicated and adhered to within the Credit space
• Working on creating solutions / improvements to the IPV process. This requires working with the “Change the Bank” team to enhance specification of technology requirements as well as assisting with testing managing new releases.
• Running alternative Scenarios and explaining results to senior management in Front Office Finance
• Scope can be widened to include more credit desks
Candidate specifications:
- Have extensive experience working with Credit products within an investment banks or hedge fund
- Ex traders, structurers, quants, valuations methodology - please feel welcome to apply
- Familiarity with derivative pricing in general
- Excellent Excel, VBA, Word skills including use of macros to build reporting and analysis tools
- It will be advantageous to have a mathematical, science or engineering background