DescriptionYou will play a critical role within the Firm and have exposure to senior management, Business heads, Regulators, and both internal and external audit. You will help sets independent pricing and valuation adjustments policies, which will execute & generate results, and then work with Trading to remediate and prevent issues on an ongoing basis.
As a Senior Associate in the Valuation Control Group, you will be responsible for all aspects of the valuation control framework relating to products in credit. You will also be identifying and controlling potential valuation risk concentrations, uncertainty in pricing inputs, and valuation model uncertainty. You will provide insightful analysis using multiple market data sources through advanced analytics platforms. This role will allow you to play a pivotal role in managing the valuation control framework for various products, have the opportunity to identify and control potential valuation risk concentrations, manage pricing input uncertainties, and tackle valuation model uncertainty.
Job Responsibilities:
- Be responsible for all aspects of the valuation control framework for Credit Trading, including independent price verification, valuation and prudent valuation adjustments, valuation adjustments stress and fair value measurement.
- Identify emerging valuation risks and drive methodology enhancements to ensure valuation controls accurately capture market dynamics and opportunities to enhance control efficiency
- Partner with Quantitative Research and Model Review Groups to assess limitations in trading models and implement compensating controls and model limitation adjustments.
- Own the relationship with Front Office and key Finance, technology and Risk partners providing value add analysis on month-end results, illiquid and concentrated valuation positions, revenue from new deals and complex transactions and new products
- Partner and participate in projects within the group and the wider Finance organization together with Front Office, QR and Technology and participate in regulatory exams and address bank’s regulators inquiries
Required qualifications, capabilities and skills:
- 4+ years of experience in valuation, market risk, and related experience
- Must have quantitative aptitude and keen interest in financial markets and traded credit products
- Ability to understand financial products and derivatives valuations
- Critical thinker with sound judgement and ability to challenge constructively
- Curious personality; inclusive; detail oriented; Always looking to improve.
- Strong communication skills and ability to synthesize complex subjects; Good at multi-tasking and prioritization
- Basic Microsoft Office & strong Excel skills
Preferred qualifications, capabilities and skills
- Experience in financial modeling
- Knowledge of data science (e.g. Machine learning), analytics platform (e.g. Alteryx) and data visualization tool (e.g. Tableau) will be advantageous
- Strong analytical abilities and willingness to contribute as part of a high performing team
- Ability to communicate effectively to trading desk and other Finance / Risk functions
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