Rates Valuations Specialist - AVP
A F/T position at a Major Global Investment Bank, with the need for resources to execute large scale Trading and Investment Banking system projects.
Pay Options: F/T Employee.
Contact Jason Vu. call (646)876-9536 / (212)616-4800 ext.290 or email firstname.lastname@example.org with the Job Code JV33806 or Click the Apply Now button ().
Location: Downtown NYC.
Skills required for the position: RATES, VALUATION, RISK MANAGEMENT.
Optional (not required):VBA
Detailed Info: As a Valuation Control Specialist you will focus on Independent Price Verification (IPV) across interest rate derivatives and municipal products supporting the Core Rates business in the Americas. You'll be an integral part of the team focusing on all aspects of valuation control including IPV, fair value reserving, prudent valuation, methodology, leveling and control framework. You will also be involved on the Market Risk side and interact across the entire organization including Front Office, Risk and Finance. Oversight of monthly and intra-month Independent Price Verification (IPV) across multiple asset classes with a focus on complex interest rate products and derivatives. Development of valuation methodologies, model appropriateness and reserving; independent modelling of transactions may be required. Review and deep-dive analysis of Level 3 (i.e. hard-to-value positions), bespoke and structured trades. Responsible for the valuation control processes for the US Core Rates businesses including but not limited to: valuation, leveling (i.e. Level, 1, 2 and 3), sourcing of market data and back testing, prudent valuation, model calibration, methodology reviews, reporting, observability and analysis of results. Respond to relevant regulatory and audit queries. Involvement on the Market Risk side as fully integrated with Valuation function
Development/Computing Environment: Math(s), Sciences, Finance, Business or other relevant degrees preferred. MS or higher education an advantage. Post graduate finance related qualification (i.e. CFA or FRM) an advantage. Previous relevant experience of working in a markets investment banking environment either in a valuation, risk management or front office (i.e. trading) capacity. Skills That Will Help You Excel: Detailed knowledge of financial instrument valuation and risks measurement in a complex product area, preferably in rates products or derivatives. Knowledge of rates exotics, Bermudan options, inflation or muni derivatives, a plus. Programming knowledge is preferred (e.g. VBA, C++, Python, etc.) Team player with positive attitude and work ethic but can work well independently. Ability to communicate complex topics and issues to management in an effective manner..
The position offers competitive compensation package.
Job Id: 33806