Vice President - Independent Price Verification/Credit Markets

We have an opening for a Valuation Control opening for a premier global financial services group based in Mumbai.

This is a high-impact leadership role responsible for ensuring the integrity and accuracy of our trading book valuations. You will lead the Independent Price Verification (IPV) for a complex portfolio of credit derivatives, working at the intersection of Finance, Risk, and the Front Office.

Key Responsibilities:

1. Valuation Leadership:

- Lead the Independent Price Verification and reserving process for all credit trading portfolios, including single-name CDS, CDS indices (CDX, iTraxx), exotic derivatives, and structured credit products.

2. Methodology & Governance:

- Establish and implement robust price testing frameworks for Investment Grade, High Yield, and Distressed credits.

- Serve as the primary escalation point for complex valuation disputes and restructuring scenarios.

3. Model Validation:

- Review and challenge credit pricing models, including hazard rate and copula models.

- Coordinate with Model Risk Management on approvals and ongoing validation of model assumptions (correlation, recovery rates).

4. Stakeholder Management:

- Manage relationships with key pricing vendors (Markit, Bloomberg) and external auditors.

- Partner closely with Credit Trading, Credit Risk, and Finance teams to resolve discrepancies and drive strategic initiatives.

5. Automation & Team Building:

- Drive the automation of IPV workflows and lead a specialized team of credit valuation experts.

Candidate Profile:

1. Experience:

- 10+ years in financial services with deep credit markets experience; 3+ years in a senior leadership role (IPV, Product Control, or Credit Risk).

2. Technical Skills:

- Expert knowledge of CDS mechanics, ISDA documentation, and credit derivatives pricing.

- Proficiency in credit spread curve construction, recovery estimation, and risk metrics (DV01, CS01).

- Proficiency in Excel/VBA is mandatory; Python skills are highly desirable.

3. Mindset:

- Strategic thinker with a strong analytical mindset and meticulous attention to detail.

- Proven ability to challenge senior stakeholders and navigate complex market dynamics with strong communication skills.

Qualifications:

- MBA (Finance), CFA, or FRM designation is required.

If this opportunity aligns with your career goals, please share your updated CV