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Head of Independent Price Verification, City of London
- GB - City of London
- £80000 - £100000 per annum + BONUS + BENEFITS
- Full-Time Permanent
- Banking - Investment Banking
- Cameron Kennedy
- 09-05-08
Job Description
Head of Independent Price Verification
London
£80000 100,000 + BONUS + BENEFITS
Who they are
They are the London based securities and investment banking arm of the world's largest banking group. They offer a broad range of tailored asset and liability advisory and financing services in the debt and equity markets. Products include exotic interest rate/FX derivatives, portfolio credit products (CDO, NTD) on high grade, high yield and ABS underlying, government and credit bond trading, convertible bonds, OTC and exchange traded options and warrants, cash equity, futures, CB asset swaps, full and partial capital structure CDO, futures basis trading, credit v equity strategies, credit index arbitrage, interest rate & Repo curve trading, life insurance trading and Commodities.
What you will be doing
The IPV team is part of the IPV and product Control team within the Risk Management and Product Control department. The vacancy resides within the IPV and Product Control team. The responsibilities of this team includes:
Production of official end of day valuations for feeding into G/L
Structured Trade Reviews (ensuring accurate deal booking)
Validation of prices and price inputs used to generate official balance sheet valuation
Development and maintenance of Reserves and other valuation adjustment
The role is for an individual to run the IPV team. The IPV team comprises 5 budgeted heads and is responsible for validation of prices / rates used for fair value reported within Financial Statements.
Specific responsibilities will involve:
Management of Price validation process. This will include running pricing meeting on a monthly basis, review of all pricing work undertaken, IPV Report generation and development of adequate procedures around all positions.
Management of Reserving process. This will include review of model validation documentation to identify model weaknesses, development of methodologies for reserves, review of reserve calculations.
Management of market data process to ensure appropriate sources and methodology are applied in the IPV process.
Establishing and maintaining the operating governance framework for the area (policies, procedures, Key Risk indicators).
Who they are looking for
You will need a strong understanding of risk and valuation issues surrounding broad range of products (IR single ccy & FX exotics, credit portfolio products, asset backs). You must be an experienced manager of people, processes and deadlines. You will need good time management and ability to retain focussed on key objectives. You should have experience of derivative valuation/risk model implementation and validation. You must have a rigorous, logical, curious and independently minded, with enough confidence to listen to and challenge Front Office personnel effectively. Strong oral communication and report writing skills are needed.
London
£80000 100,000 + BONUS + BENEFITS
Who they are
They are the London based securities and investment banking arm of the world's largest banking group. They offer a broad range of tailored asset and liability advisory and financing services in the debt and equity markets. Products include exotic interest rate/FX derivatives, portfolio credit products (CDO, NTD) on high grade, high yield and ABS underlying, government and credit bond trading, convertible bonds, OTC and exchange traded options and warrants, cash equity, futures, CB asset swaps, full and partial capital structure CDO, futures basis trading, credit v equity strategies, credit index arbitrage, interest rate & Repo curve trading, life insurance trading and Commodities.
What you will be doing
The IPV team is part of the IPV and product Control team within the Risk Management and Product Control department. The vacancy resides within the IPV and Product Control team. The responsibilities of this team includes:
Production of official end of day valuations for feeding into G/L
Structured Trade Reviews (ensuring accurate deal booking)
Validation of prices and price inputs used to generate official balance sheet valuation
Development and maintenance of Reserves and other valuation adjustment
The role is for an individual to run the IPV team. The IPV team comprises 5 budgeted heads and is responsible for validation of prices / rates used for fair value reported within Financial Statements.
Specific responsibilities will involve:
Management of Price validation process. This will include running pricing meeting on a monthly basis, review of all pricing work undertaken, IPV Report generation and development of adequate procedures around all positions.
Management of Reserving process. This will include review of model validation documentation to identify model weaknesses, development of methodologies for reserves, review of reserve calculations.
Management of market data process to ensure appropriate sources and methodology are applied in the IPV process.
Establishing and maintaining the operating governance framework for the area (policies, procedures, Key Risk indicators).
Who they are looking for
You will need a strong understanding of risk and valuation issues surrounding broad range of products (IR single ccy & FX exotics, credit portfolio products, asset backs). You must be an experienced manager of people, processes and deadlines. You will need good time management and ability to retain focussed on key objectives. You should have experience of derivative valuation/risk model implementation and validation. You must have a rigorous, logical, curious and independently minded, with enough confidence to listen to and challenge Front Office personnel effectively. Strong oral communication and report writing skills are needed.
- Cameron Kennedy
- Bn362623