Credit Derivatives Valuation Control VP

Global Investment Bank is currently looking for an credit derivatives valuation controller to join their London team. This role has been created through an internal move and is an ideal opportunity for a Valuation controller who is keen work in a broader finance role for a high profile credit desk.

Responsibilities:

• Present monthly credit valuation control results to the senior stakeholders including Risk Managers & Quant Strategic Group.
• Partner with product control to review and challenge valuation control results
• Liaise with Regulators and Auditors on their queries and exams regarding the valuation controls
• Ensure timely remediation of regulatory matters requiring attention, audit findings and associated reporting demands
• Maintain and set-up proper governance framework and protocol to effectively report valuation risks
• Review and update the firm’s valuation control policy and guideline (and any other documentation owned by valuation methodology) to ensure accurate interpretation of regulatory requirements.
• Development of appropriate governance, framework, and metrics for effective compliance with policies and regulatory expectations pertaining to valuation control
• Develop tactical and strategic solutions to improve the efficiency, consistency and accuracy of valuation control framework across all asset classes
• Work with Product control and Valuation Methodology and other groups as necessary, to ensure that the bank has a consistent valuation framework that meets both internal and external requirement
• Build and maintain relationships with other quantitative groups (e.g. QSG, MRM, Market Risk) to ensure adequate model governance
• Lead / contribute to project and initiatives to develop solutions for effective valuation control framework

Requirements:

• Proven experience in a valuation control (IPV) role within Banking or Big 4 Consultancy covering a credit derivatives desk (Bonds, CDS, Index Options) – Essential
• Qualified Accountant – Ideal but not essential
• Strong control mindset
• Proven experience of initiating and identifying areas of process improvements
• CFA or MSc Qualified

This is a high profile role for the desk and will involve regular interaction with key stakeholders across the business including front office traders, it is therefore important that you have strong interpersonal skills. The company offers a hybrid flexible working environment with 3 days in the office and realistic career progression opportunities in the future.