Valuation Control (VC) is a global function whose main missions are articulated around second level control hubs in Europe, Asia and the Americas. Valuations, in conjunction with Risk, is in charge of independently verifying, analysing and reporting on the market parameters used in the valuations, as well as analysing the impact of the use of independent market parameters in the valuation.
* Purpose: To support the accurate and independent marking of all parameters as required by regulators along with the derivation, analyse and reporting of the results.
Key responsibilities
- Running a number of different daily and monthly price testing reviews (MAPs aka IPV -> independent price verification) across FX, Credit & FI. Investigate further the drivers of the MAP and escalate any issues to senior members of the team for further assistance and guidance.
- Work within a limited time frame as part of a team and product accurate month end corrections. This might require discussion and timely conclusions with the Front Office and Risk-GM related to the quality and accuracy of the MAP reviews after been internally checked with senior members of the team.
- Familiarize and learn different internal IT systems and use them in the IPV process to explain and add value to the internal clients
- Produce accurate reports highlighting coverage and results of MAPS
- Helping with submission to external consensus provider.
- Assist with the production of valuable KPI's for a wide range of interested parties across the bank.
- Assist on small scale projects to automate and/or improve our processes with the assistance of IT and more senior member of the team.
- Gradually build and maintain relationships with other Product Control teams, Front Office, Middle Office, Finance and Risk-GM based on trust, respect and professionalism.
Requirements
* A genuine interest in Finance, derivatives and their pricing.
* Strong Excel skills, VBA is a strong plus.
* Mathematical or financial academics
* Ability/Confidence to interact at all levels
* Strong written and verbal communication skills.
* Willingness to find workaround solutions on issues independently before seeking external assistance
* Attention to detail is essential especially when under pressure and time constraints.
* The ability to see the large picture and the impact your work has on the business.
* To be able to work individually and as part of a team.
* Ability to prioritise and systematically organise tasks, demonstrating sensitivity to urgent matters, completing tasks in a timely manner
* Capability to develop understanding of complex situations
* Capability to research solutions and gather data from many sources to ensure understanding of all relevant aspects
* Ability to think pragmatically and step back to take perspective
* Ability to acquire new knowledge/skills from project/assignment that is utilised in future work
* Appetite to learn new concepts and seek professional development
* Consider the implications of your actions on colleagues, partners and clients before making decisions, and escalate issues to your manager when unsure.
Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.
Morgan McKinley encourages applications from all qualified candidates who represent the full diversity of communities in the UK. Accommodations are available on request for candidates taking part in all aspects of the selection process.
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