Independent Price Verification Professional - Equities - BFS

Independent Price Verification [ Equities ] [ Only science / Eng graduates ]

Job Summary:

Responsible for running the IPV (Independent Price Verification) processes for Equities products (parameter risk based valuation testing & full revaluation). The role involves daily and month end price testing, reserve calculation including model complexity adjustments and reporting results along with commentary and analysis. The candidate should be comfortable with liaising with key stakeholders such as Regional GVG teams, Product Controllers, Market Risk and Front Office. Basic knowledge of the derivative valuations and competency with Excel and Access is essential.

Primary Responsibilities

- Independent Price Verification and reserve calculations of Equities parameters such as spots, volatilities, forwards, correlations, barriers etc.

- Provide analysis of pricing variance drivers, perform due diligence on the reliability of market data from multiple sources such as Bloomberg, Markit-Totem, brokers and other independent sources

- Ensure controls around processes such as population completeness and accuracy, and adherence to key operating procedure

- Good understanding of Equities market including derivatives. Ability to learn quickly when required.

- Discuss IPV and reserving results with regional GVG teams and other stakeholders.

- Ability to work under pressure and deliver within strict timelines

- Developing strong relationships with product control, risk management and models and methodology team on valuation and modeling issues.

- Reporting including Trading pack preparation for senior GVG management, Front Office, Risk Management and Finance

- Take a lead in driving process improvements and automations.

- Be involved in ad-hoc projects / investigation requests from Stakeholders

- Escalate issues on time when required.

Primary Working Relationships

- GVG London, APAC and NY

- GFS Risk and Pnl and TMG

- Market Risk Management and MRO

- FDFM and Analytics

- Front Office Trading desks