Vice President - GMO IPV Valuations - Credit Products

Experience: 10+ Years

Key Responsibilities:

- Lead Independent Price Verification (IPV) and valuation reserves for Credit Trading portfolios

- Review and challenge Front Office marks across CDS, CDX, iTraxx, FTD Baskets, Tranches, and Structured Credit products

- Validate credit pricing models, credit curves, recovery assumptions, default probabilities, and correlation parameters

- Partner closely with Trading, Product Control, Credit Risk, Model Risk Management, and Finance teams

- Drive valuation governance, model validation, regulatory compliance, and audit readiness

- Lead and mentor a specialized credit valuation team

- Support automation initiatives and process enhancements

Required Expertise:

- Deep understanding of Credit Derivatives, CDS Mechanics, ISDA Documentation, and Credit Event Protocols

- Hands-on experience with Single Name CDS, Credit Indices, Tranches, FTD Baskets, and Structured Credit Products

- Strong knowledge of Hazard Rate Models, Copula Models, Credit Curve Construction, Recovery Rate Estimation

- Experience with Bloomberg CDSW, Markit, ICE, Tradeweb, and other Credit Market Data Platforms

- Strong understanding of CS01, DV01, Jump-to-Default, Fair Value Hierarchy, and Valuation Reserves

- Prior experience in IPV, Product Control, Valuation Control, Credit Risk, or Market Risk functions

- Leadership and stakeholder management experience

Preferred:

- Python Programming

- VBA / Excel Automation

- SQL / MS Access

Qualifications:

- MBA (Finance) / CFA / FRM