AVP - Product Control & Valuation Control - BFS

We are hiring AVP-Product Control & valuation control for one of the renowned financial institution for Pune Location.

Kindly find below the job Description:

- Submitting Trader prices to Consensus Data Providers

- Calibrating the external risk parameters from the consensus data prices

- Perform IPV of all trades, positions and risks within responsibility area by sourcing independent prices and parameters

- Perform IPV in accordance with approved IPV methodology documents based on the appropriate frequency; monthly unless specified otherwise

- Ensure IPV differences are actioned in accordance with the appropriate action ability framework category, and/or unadjusted differences properly recorded in the centralized reporting application

- Ensure that the IPV methodologies and any explanations provided by Traders for unadjusted differences are fully understood and commented according to policy

- Escalation of non-compliance with pricing procedures or unapproved product types in the portfolio

- Inclusion of any positions with unverifiable prices or model parameters in reports for the Senior Management

- Ensure prices and position sizes of internal trades are price tested and that the marks are compared between books

- Apply Bid/Offer (Exit Risk) adjustments to the value of the instrument to the appropriate bid/offer level that would be realized in normal market conditions. The common risk categories for which a bid/offer determination would be expected are delta, vega, forward, correlation etc.

Abhilasha Singh
Recruitment Specialist
Winfort