We are currently hiring VP & Sr. VPs, for one of the leading investment bank in Mumbai.

Valuation Control & Analytics Manager + Regulation, Policy and Reporting

Job Description :

- Valuation Control & Analytics (VC&A) is an independent group of subject matter experts within Product Control, Finance Division. VC&A is organized along business lines and clients of the group include Desk Heads, Line Product Control, Market Risk, Model Validation, Compliance, Legal Department, Middle Office, Internal Audit, external audit firms and the regulatory bodies in countries impacted by Banks footprint.

- VC&A collaborates closely with its client base to ensure complete understanding of business valuation issues and accurate execution of valuation policy.

- The role is part of the Valuation Control & Analytics team based in Mumbai for Asia Pacific centered in Hong Kong with associates in Japan.

- VC&A's primary responsibility is to reasonably ensure that risk portfolios are fairly valued in accordance with applicable standards and regulatory requirements. VC&A works with trading and quantitative groups to fully understand the impact of valuation uncertainty on the desk's pricing and any accompanying fair value adjustments. It also participates in the approval of new products.

- In addition to the valuation oversight, the role will focus on regulatory reporting requirements, and internal and regulatory policy compliance for valuation and reporting.

- This role will be a part of a team that enhances VC&A regulatory oversight, in line with heightened expectations from global regulators and internal and external auditors.

- The role provides exposures to various different businesses across APAC, as well as interaction with global VC&A teams.

Responsibilities :

Fair Value and Financial Reporting :

- Preparation and analysis of monthly APAC Price-Testing Summary flashes and reports

- Preparation and analysis of monthly APAC Multiple Price per Instrument reports

- Working closely with the global Valuation Policy & Analysis team and coordinating with APAC PCG/VC&A controllers to ensure Fair Value classification, Level 3 Roll-Forward analysis, Multiple Fair Value Per CUSIP analysis and reporting, and Balance Sheet reconciliation are completed in a timely manner

- Working together with Legal Entity controllers on the Fair Value measurement disclosure for standalone legal entity disclosures

- Partner with the global Valuation Policy & Analysis team to improve APAC regional reporting process and to ensure global consistency

Prudent Valuation Reporting :

- Coordinate with APAC PCG and VC&A teams on the quarterly Prudent Valuation reporting

- Work with global VC&A teams to ensure consistent framework and methodology are applied for Prudent Valuation reporting

- Work closely with the global Valuation Policy & Analysis team and coordinating with APAC PCG/VC&A controllers to ensure compliance with regulatory requirements such as monthly PV meeting minutes and periodic review of PV & MVA methodologies

- Coordinate with APAC PCG and VC&A teams to ensure MTM differences against counterparty are analyzed and reported

- Ad Hoc analysis and project work

- Perform valuation control processes across derivative markets businesses in APAC, including Price-Testing and Valuation Adjustment calculations, reporting and analysis

- Address valuation issues across a wide range of derivative products (vanilla and complex products such as structured notes with embedded derivatives)

- Design and implement valuation adjustments and price testing methodologies, with particular attention given to control design

- Identify pricing issues that may require particular attention with critical analysis of risk factors

- Participate in global Valuation Control & Analytics forums and work with the VC&A teams across regions to ensure wide valuation consistency

- Undergraduate degree in Finance, Financial Engineering or Accounting

- Postgraduate degree in economics, finance, mathematics, sciences, or other engineering disciplines preferable

- At least 8-10 years of experience expertise in a Valuation, Risk or Product Control related function covering interest rates derivatives

- Strong product knowledge

- Knowledge of modern derivative pricing methodologies and hedging practices

- Highly computer literate, with excellent knowledge of Excel and Access (VBA/SQL)

- Ability to apply theoretical knowledge in a practical environment

- Ability to interpret and analyze large volumes and at times complex information

- Attention to detail and strong process improvement capabilities

- Strong verbal and written communication skills with the ability to discuss and explain pricing concepts, defend viewpoint, and create common understanding

- Desire to learn and continuously develop

- Ability to manage time and work priorities efficiently and effectively

- Ability to perform effectively within a time pressurized environment

- A proven track-record of working in teams

- Experience managing a group of 7-10 Valuation Product Control

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