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