Executive Director/Head - Credit IPV Valuations

Role & Responsibilities:

- Supporting the overall management and development of the EMEA Valuations Control team and working across regions to drive consistency

- Manage the team performing IPV for full spectrum of Vanilla and Exotic Credit Products across all businesses, including the review of the marking of CVA exposures.

- Determining methodology for and computation of relevant valuation adjustments

- Responsible for management reporting of IPV, including detailed analysis of desk marking trends

- Extensive degree of Front Office Trading and Quants, Product Control, MVG, Finance and senior management interaction

- Opining on revenue recognition and reserving for new product / transaction approvals

- Training and supervising Mumbai offshore centre to ensure appropriate, and accurate testing

- Leading Valuation Control's response to regulatory requirements / requests (e.g. Prudent Valuation, Trading Wind Down)

- Regular internal IPV and reserves reporting and audit / SOX related reporting

- Supporting the resolution of collateral disputes on credit products

- Reviewing, designing and enhancing controls, including an appreciation of digital tools and how this can be applied in a controlled and effective manner

- Responsibility for Fair Value Hierarchy classification for Credit products and Significant Unobservable disclosures under FAS157

- Computation of quarterly Prudent Valuation Adjustments and enhancing methodologies over time

Skills, experience, qualifications and knowledge required:

- Numerical degree with history of strong academic performance required.

- Additional professional qualification from top university or institution preferable (ACA/CIMA, CQF, CFA, FRM, PRMIA).

- Strong IPV experience and product knowledge

- Excellent written and oral communication skills required given the level of exposure to all levels of seniority and experience across businesses and regions.

- Experience in responding to regulator requests

- Digital tool awareness