Manager/Assistant Vice President - Independent Price Verification/Valuation Control - BFS

Role: Valuation Control

Designation: Manager / AVP

Location: Mumbai

Salary: Not a constraint for the right candidate

About the team:

Valuation Control is an integral part of the Product Control function where Independent Price Verification is performed. Under Independent Price Verification, Price Testing and Reserve Calculation is done for various positions on Cash, Credit, Rates, FX and Commodity.

Job Description:

1. Price testing of FID products which would cover Rates, FX & Credit derivatives

2. Reconciliation of risk with risk reports and ledger/PV reconciliation with front office reports and ledger for population completeness.

3. Devise ways to ensure completeness in IPV testing & help onshore team with adhoc requests/analysis.

4. Assist with Global Valuation established practices and control initiatives as well as perform necessary work relating to management reporting, regulatory mandates and consistency within global valuation team.

5. Contribute to value added projects related to Business and Finance initiatives.

6. Enhance existing control framework including review of IPV processes, assessing coverage developments and implementing new tools to enhance control efficiency.

7. Maintain projects (outside IT framework) developed by Projects team for Global Valuations.

8. Help in development of new project initiatives by Powai Valuations Head.