Valuation Control is a specialist group within Market and Valuations Risk Management (MVRM) that manages a wide range of relevant risk and implementation topics to ensure integrity and control over all aspects of the valuation of the Bank's trading portfolios.

This includes:

- Performance of monthly and intra-month Independent Price Verification (IPV), Reserves and Prudential Capital

- Oversight and development of valuation, reserve and Prudential Capital methodologies

- Analysis and management of key valuation uncertainty issues through organizations senior management

- Review of bespoke derivative and structured financing trades.

Valuations works closely with its Risk Management partners, Finance, and Trading globally and employs a team extension model in Mumbai.

Role Summary :

- The primary function of the role is to generate, monitor and articulate results of daily and month end IPV for respective risk parameters, calculate liquidity reserves and Prudential Valuation results working in partnership with Risk function & methodology specialists.

- The candidate is required to demonstrate in-depth knowledge of Rates markets in both cash and derivative product.

- The candidate is expected to bring well-developed stakeholder management in addition to infrastructural and product technical skill sets and to establish a solid commercial and valuation risk culture in partnership with senior stakeholders.

- Key Stakeholders: Senior Risk, Valuations and Finance Management, Front Office and Regulators.

Role Responsibilities

- Management of stakeholder relationships across the region.

- Continued technical evolution of valuation risk and reserve methodologies.

- Generating IPV results to ensure accurate marking of books on a monthly and daily basis. Escalation of issues to Senior Risk and Valuation Management, Finance Management, Business Management and the Valuation function globally.

- Ensure consistent valuation and adjustments methodologies are adopted within the group.

- Ensure all aspects of valuation control are adequately documented for internal and external requirements.

- Proactively improve processes and methods including streamlining, automation and off-shoring of existing processes.

- Liaison with Trading, Senior Finance Management, Market Risk Management, internal/external audit and regulators on valuation issues as they arise.

- The team engages in a number of high profile function and bank-wide initiatives and is deeply involved in ad-hoc analysis under tight timelines. It is expected that the applicant will be significantly involved in this work.

- Ongoing personal development will be both 'on-the-job', via specific in-house and external courses, and through and web-based product courses.

Education / Qualifications / Certification:

- High level of academic achievement, preferably from an accounting / mathematical / statistical / engineering / economics background.

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