Head Credit Valuation & IPV

We’re on an exciting journey with our client and we want you to join us. With our client, you will be

exposed to the latest technologies and work with some of the brightest minds in the industry.

Head – Credit Valuation & IPV

Role & Responsibilities:

• Supporting the overall management and development of the EMEA Valuations Control team and working across regions to drive consistency
• Manage the team performing IPV for full spectrum of Vanilla and Exotic Credit Products across all businesses, including the review of the marking of CVA exposures.
• Determining methodology for and computation of relevant valuation adjustments
• Responsible for management reporting of IPV, including detailed analysis of desk marking trends
• Extensive degree of Front Office Trading and Quants, Product Control, MVG, Finance and senior management interaction
• Opining on revenue recognition and reserving for new product / transaction approvals
• Training and supervising Mumbai offshore centre to ensure appropriate, and accurate testing
• Leading Valuation Control’s response to regulatory requirements / requests (e.g. Prudent Valuation, Trading Wind Down)
• Regular internal IPV and reserves reporting and audit / SOX related reporting
• Supporting the resolution of collateral disputes on credit products
• Reviewing, designing and enhancing controls, including an appreciation of digital tools and how this can be applied in a controlled and effective manner
• Responsibility for Fair Value Hierarchy classification for Credit products and Significant Unobservable disclosures under FAS157
• Computation of quarterly Prudent Valuation Adjustments and enhancing methodologies over time

Skills, experience, qualifications and knowledge required:

• Numerical degree with history of strong academic performance required.
• Additional professional qualification from top university or institution preferable (ACA/CIMA, CQF, CFA, FRM, PRMIA).
• Strong IPV experience and product knowledge
• Excellent written and oral communication skills required given the level of exposure to all levels of seniority and experience across businesses and regions.
• Experience in responding to regulator requests
• Digital tool awareness