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- Tasks: Lead credit valuation control and present results to senior stakeholders.
- Company: Join a global investment bank with a high-profile credit desk.
- Benefits: Enjoy a hybrid work environment and clear career progression opportunities.
- Why this job: Be part of a dynamic team, influencing key financial decisions and improving processes.
- Qualifications: Experience in valuation control for credit derivatives is essential; degree educated preferred.
- Other info: Strong interpersonal skills are crucial for this high-profile role.
The predicted salary is between 43200 - 72000 £ per year.
Global Investment Bank is currently looking for an experienced credit derivatives valuation controller to join their London team. This role has been created through an internal move and is an ideal opportunity for a Valuation controller who is keen to work in a broader finance role for a high profile credit desk.
Responsibilities:
- Present monthly credit valuation control results to the senior stakeholders including Risk Managers & Quant Strategic Group.
- Partner with product control to review and challenge valuation control results.
- Liaise with Regulators and Auditors on their queries and exams regarding the valuation controls.
- Ensure timely remediation of regulatory matters requiring attention, audit findings and associated reporting demands.
- Maintain and set-up proper governance framework and protocol to effectively report valuation risks.
- Review and update the firm's valuation control policy and guideline (and any other documentation owned by valuation methodology) to ensure accurate interpretation of regulatory requirements.
- Development of appropriate governance, framework, and metrics for effective compliance with policies and regulatory expectations pertaining to valuation control.
- Develop tactical and strategic solutions to improve the efficiency, consistency and accuracy of valuation control framework across all asset classes.
- Work with Product control and Valuation Methodology and other groups as necessary, to ensure that the bank has a consistent valuation framework that meets both internal and external requirements.
- Build and maintain relationships with other quantitative groups (e.g. QSG, MRM, Market Risk) to ensure adequate model governance.
- Lead / contribute to project and initiatives to develop solutions for effective valuation control framework.
Requirements:
- Proven experience in a valuation control (IPV) role covering a credit derivatives desk (Bonds, CDS, Index Options) - Essential.
- Prior experience in Product Control - highly preferred.
- Qualified Accountant - Ideal but not essential.
- Strong control mindset.
- Proven experience of initiating and identifying areas of process improvements.
- Degree educated.
This is a high profile role for the desk and will involve regular interaction with key stakeholders across the business including front office traders, it is therefore important that you have strong interpersonal skills. The company offers a hybrid flexible working environment with 3 days in the office and realistic career progression opportunities to Director level in the future. Unfortunately, visa sponsorship is not available for this role so it is essential you have prior right to work in the UK.
Contact Detail:
Eames Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land VP of Control
✨Tip Number 1
Network with professionals in the finance and investment banking sectors, especially those who have experience in valuation control. Attend industry events or webinars to connect with potential colleagues and learn more about the role.
✨Tip Number 2
Familiarise yourself with the latest regulatory requirements and valuation methodologies relevant to credit derivatives. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 3
Prepare to discuss specific examples of how you've improved processes in previous roles. Highlighting your ability to identify areas for improvement will resonate well with the hiring team, as they are looking for someone with a strong control mindset.
✨Tip Number 4
Showcase your interpersonal skills by preparing for behavioural interview questions. Since this role involves regular interaction with key stakeholders, being able to communicate effectively and build relationships is crucial.
We think you need these skills to ace VP of Control
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in valuation control, particularly with credit derivatives. Use specific examples that demonstrate your ability to present results to senior stakeholders and your familiarity with regulatory requirements.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the responsibilities listed, such as liaising with regulators and improving valuation frameworks. Be sure to mention your strong interpersonal skills.
Highlight Relevant Experience: When detailing your work history, focus on roles that involved product control or valuation control. Emphasise any process improvements you initiated and your experience working with quantitative groups, as these are key aspects of the job.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. Ensure that your documents are clear, concise, and free of jargon. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Eames Consulting
✨Understand the Valuation Control Landscape
Make sure you have a solid grasp of valuation control processes, especially in relation to credit derivatives. Be prepared to discuss your previous experiences and how they relate to the responsibilities outlined in the job description.
✨Showcase Your Interpersonal Skills
Since this role involves regular interaction with key stakeholders, it's crucial to demonstrate your strong interpersonal skills. Prepare examples of how you've effectively communicated and collaborated with various teams in the past.
✨Prepare for Technical Questions
Expect technical questions related to valuation methodologies and regulatory requirements. Brush up on relevant regulations and be ready to discuss how you've navigated compliance issues in your previous roles.
✨Highlight Process Improvement Initiatives
The company is looking for someone who can identify areas for process improvement. Be ready to share specific examples of how you've initiated changes that enhanced efficiency or accuracy in valuation controls.
