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Senior - FGS Product Control - Structured Deal Review - Investment Bank (1-6 yrs)
The Structured Deal Review process is one element of a wider control framework that ensures the accuracy of trade bookings and the correct representation of trades in the risk booking systems. It validates that, for all inscope deals, all economic parameters captured in the trade booking are thoroughly reviewed, documented and recorded.
Specifically the deal review process addresses the risk of booking errors or misrepresentation in books & records for trades where there is no direct link between the trade ticket and the final trade confirmation, together with other non-standard trade types as defined in the Global Deal Review Policy.
- The deal review process requires an in-depth understanding of the trade structure
- Ensure the model is approved by the Model Validation Group (MVG) and is capable of handling all the features of the trade.
- Check if any of the restrictions of the model are breached by the trade under review
- Prepare checklists for new valuation models and make amendments to existing ones
- Perform scenario testing to ensure the model accurately captures the cash flow at different time intervals
- Liaising extensively with traders, regional stakeholders, Model Validation Group and quants team.
- To generate various control reports pertaining to deal review
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