VP/SVP, Valuations Manager (Commodities) recruitment
This specialist group within Finance looks at the technical aspects of valuation to ensure the integrity and control over all aspects of the valuation of the Bank’s trading portfolios.
This includes:
- Performance of monthly and intra-month Independent Price Verification (IPV) of securities on the banks books and records.
- Over-sight and development of valuation methodologies, model appropriateness and reserving issues.
- Analysis and communication of key valuation uncertainty issues and risks to senior management.
- Review of bespoke and structured trades.
They work closely with Finance, Trading and Market Risk Management throughout the Asia Pacific region.
Role Overview
The primary function of the role is to further develop valuation methodology and ensure integrity and control over all aspects of same for Commodity Trading within the Corporate and Investment Banking Asia.
The role is based in Singapore and requires an in-depth knowledge of commodities markets, including energy sector, covering cash and derivative product,
Responsibilities of the Role
- Technical build out of commodities valuation, valuation risk and reserve methodologies for a rapidly evolving product suite.
- Oversight, review and critique of IPV results to ensure accurate marking of books on a daily basis. Escalation of issues to Finance Directors and Business management and Global Valuation Groups globally.
- Ensure consistent valuation and adjustments methodologies are adopted within the Global group.
- Ensure all aspects of valuation control are adequately documented for internal and external requirements.
- Proactively improve processes and methods including streamlining, automation and off-shoring of existing processes.
- Liaise with Trading, senior Finance management, Market Risk Management, internal/external audit and regulators on valuation issues as they arise.
- Assess adequacy of model controls to ensure ongoing validity including regular recalibration and parameter reviews.
- Critical appraisal of valuation and control concerns arising within New Product Approvals.
- Active role in development of global Bank valuation policies and standards and Asian implementation of same.
The team engages in a number of initiatives, ad hoc analysis and projects and it is expected that the applicant will be materially involved in this project-based work.
Key Experiences and Skills
- High level of academic achievement, preferably from an accounting / mathematical / statistical / engineering / economics background.
- Ideally the candidate will have several years experience within the valuation/product control/middle office departments of a large investment bank with in-depth knowledge of commodities markets.
- Specific experience must include Commodities and should include Energy sector product. Additional background in interest rates, credit, equities or FX markets would be highly valued.
- Specific exposure to reserving, pricing and modeling aspects of valuation control of trading businesses is preferred.
- The individual should be highly motivated and have demonstrated an ability to work in a team. They should be able to work effectively under pressure, multitask and take a proactive approach to all aspects of the role. They should have an ability to devise creative solutions to issues as they arise while maintaining a strategic perspective.
- The candidate must be numerate, articulate and confident. Must be able to interact effectively with the trading staff and senior management. Good communication and organisational skills required.
- Good working knowledge of Excel and possibly VBA, and hands-on experience of market data providers including Reuters, Bloomberg , ISMA and Markit.
If you feel you have the skills to match, please apply via the link below or contact Samantha Hankinson at Samantha.Hankinson@Kaskal-Executive.com or +65 6631 2943