VP, Valuations Control Senior Manager

Our client operates in the Financial sector, with its headquarters rooted strongly in the United States. It has its branches spread to more than 160 countries, providing employment to more than 200k people all over the world. They fall in the Top 15 largest Banks in the United States. Its core business is to provide various Banking and Financial services to its clients. It is known to have one of the biggest balance sheet banks in the world (among others) aiding it to offer 360-degree financial services to its clients.

Role Description:

• We are recruiting for a Valuation Control Group Supervisor in NAM Rates to manage the various products and staff.
• The candidate must have a strong understanding of derivatives pricing and the current global accounting and regulatory developments pertaining to the valuation of financial instruments.
• The role will cover valuation control of the entire inventory held within the NAM Rates business and will require strong communication skills and teamwork across multiple locations and departments.

Responsibilities:

• Responsibility for all aspects of valuation control of the business, including validation of market data inputs, reporting and analysis.
• Producing and implementing methodologies / procedures for valuation adjustments and price testing across the business, with particular attention to the design of controls.
• Ensuring timely remediation of regulatory matters requiring attention, audit findings and associated reporting demands associated with the area of responsibility.
• Development of appropriate controls to effectively ensure compliance with Policies and Standards pertaining to Valuation Control.
• Acting as first point of escalation with regards to any discrepancies and price variance breaches
• Identifying pricing issues, valuation parameters or instrument types that may require particular attention with critical analysis of the valuation issues involved
• Take a leading role in global, cross-functional projects
• Effectively Manage and Develop team

Requirements:

• 5-7 years’ experience in a valuation, risk or product control related discipline
• A Bachelor’s degree in Finance, Accounting, Economics, or any quantitative related subject.
• Master’s degree preferred