Valuation Control Group is an independent group of subject matter experts within Product Control in Finance Division. VCG’s primary responsibility is to reasonably ensure that risk portfolios are fairly valued in accordance with applicable standards and regulatory requirements.
It works with trading and quantitative groups to fully understand the impact of valuation uncertainty on the desk’s level of pricing and any accompanying fair value adjustments.
It also participates in the approval of new products, where appropriate. Job responsibilities :
Developing and carrying out price testing for derivatives on FX and interest rates markets.
Developing valuation adjustments methodologies and performing relevant calculations
Compilation of data to produce detailed Valuation reports for Desk Heads, Controllers and Risk summarizing the valuation control results across the Business
Ensuring appropriate regulatory reporting on monthly basis
Creating and maintaining relevant process documentation
Enhancing existing control framework by reviewing pricing processes, assessing potential coverage developments and implementing new tools to enhance control efficiency
Developing strong working relationships with the Desk, Finance, Audit, Quant and Market Risk partners throughout the firm
Ad-hoc projects that arise relating to further streamlining (or retirement) of existing systems or assisting in the introduction of new systems
Performing ad hoc analysis on any new pricing issues
A degree in Finance or in a quantitative discipline, such as Mathematics, Physics, Engineering etc. or
Experience in a finance, valuation, market risk or product control related function, covering a major asset class (FX, equities, rates, commodities, etc.)
Good knowledge of capital market products and derivative pricing methodologies, with the aptitude to learn
Strong oral and written communication skills, with the ability to discuss and explain pricing concepts
Good knowledge of Excel, Access (VBA nice to have)
Ability to manage time and work priorities efficiently and effectively
Ability to perform within a time pressurized environment
We offer :
Opportunity to work in an international environment
Cooperation with a high quality team in a challenging area of the financial industry with one of the world's leading companies
Excellent working environment
Attractive conditions of employment and benefits