- Looking for strong -Global Valuation Group-Global Rates IPV(Independent price verification)-rates as a product is mandate-   Graduates/Engineers/MBAs with good academic records with overall 2-5 years of relevant experience.l  The candidate will be responsible for running the IPV (Independent Price Verification) processes for derivative Rates products (price/risk based testing & full revaluation). Apart from IPV, the candidate will also be responsible for completeness check, reserve calculation, VCR reporting and publishing results. The role also entails contributing to supporting business processes like quality assurance, regulatory compliance and other internal processes.  - Perform the IPV (Independent Price Verification) processes on exotic products like Forwards, Swaps, Options and Swaptions. Analyze and explain the outputs, identify drivers for variance, and publish the results to a broader audience.   - Perform completeness check and calculate reserve amounts on portfolio.   - Produce and perform quality checks for testing process for the regional business.  - Discuss price testing results, fair value and model reserves, general modeling issues / uncertainties with front office and reporting on suitability for specific products / markets  - Prepare MIS pack presentation and report the same to senior GVG Management, Front Office, Risk Management, and Finance.  - Take ownership of the process and models, thoroughly understand the underlying financial and mathematical concepts, and make change / improvements, in consultation with other stakeholders, if situation warrants.   - Increase the process efficiency by automating manual steps in the processes. Co-ordinate with CTB to increase efficiency.  - Develop strong relationships with product control, risk management and quantitative departments on valuation and modeling issues.  - Significant involvement in ad-hoc projects / investigations and co-ordinate in the activities of the team.  - Ensure completion/adherence of activity as per standard procedure/key operating procedure.  - Ensure quality/quantity of processing is maintained as per the SLA.  - Escalate all issues in time, to the appropriate level, to avoid any adverse impact on the business.  - Ensure proper back-ups are created and assist other teams during contingencies (Staff shortage, high volumes etc). Create / modify / update the supporting documentation like KOP etc  Experience  - 2 to 5 years in valuations or product control areas such as Risk/P&L  - Knowledge of the workings of Rates derivative products and markets  - Knowledge of pricing models.  - Experience with Bloomberg and Reuters in key markets data sets & using pricing functions.  - Strong experience with MS Excel financial functions and experience in writing macros.  - Experienced in VBA or an object oriented language like C, C++ etc is a plus.

Mumbai

VP - Global Rates Independent Price Verification - Global Valuation Group 

VP - Global Rates Independent Price Verification - Global Valuation Group  ,Job Description for VP - Global Rates Independent Price Verification - Global Valuation Group  in Black Turtle in  Mumbai for (9-13) years of experience. Apply Now!

Job Description for VP - Global Rates Independent Price Verification - Global Valuation Group  in Black Turtle in  Mumbai for (9-13) years of experience. Apply Now!