Description

These are both technial and extensively desk facing roles, so experience of facing off to traders and dealing with complex valuation issues will be paramount. Part of the Macro role will also have a focus on PRUVAL, the Commodities role will also look at valuation methodologies across structured transactions- particularly Oil and the credit role can be more focused on SPG or structured credit- exotics TRS, structured notes, CDO's and CDS. If you have either of these credit experiences it's worth applying.

The business

The valuation control/IPV group, provide an independent valuation assessment across the entire spectrum of financial instruments, ranging from vanilla products to the most complex structured and derivative transactions. This process involves the certification of models and their valuation methodologies, testing for adherence to such methodologies, evaluating internal valuation marks against external benchmarks, identification, and resolution of valuation discrepancies, and communicating a valuation assessment to senior trading and Finance management. The team is also involved in the continuous enhancements of the valuation control infrastructure with a view towards global and cross-product standardisation.

Responsibilities

- Review valuation and risk models while working closely with model developers;
- Undertake Independent Price Verification (IPV) of a global portfolio of assets using external data sources and financial models ;
- Debate IPV results and marking methodologies with front-office traders ;
- Analyze pricing factors in complex financial products and comprehend market movements' impact on the portfolio and firm ;
- Identify and eliminate control gaps within the pricing framework ; and
- Drive development on regulatory deliverables and automation projects using Agile methodologies

What you'll need

-Right to work in the UK without sponosorship.

- Circa 4-10 years' relevant experience would generally be expected to find the skills required for this role;

- Completed degree in Finance, Economics, Mathematics, Engineering, or Business related discipline, ideally this is at an advanced level- MSc/Phd.
- Deep knowledge of main financial products, their market context, and associated risks ;
- Clear, structured communication and interpersonal skills ;
- Willingness to adapt to new challenges in a dynamic environment with shifting priorities ;
- Strong analytical, quantitative skills and proficient user of Excel ;
- Knowledge of relevant pricing models and risk management techniques is an advantage ; and
- Ability to understand code in VBA/Python or another programming language commonly used in the financial industry is an advantage.