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- Tasks: Lead the EMEA IPV function, ensuring valuation controls for trading businesses across Europe and Asia.
- Company: Join a leading investment bank with a global presence and a commitment to excellence.
- Benefits: Enjoy competitive compensation, opportunities for professional growth, and a dynamic work environment.
- Why this job: Be at the forefront of valuation strategy, impacting key business decisions in a collaborative team.
- Qualifications: Strong leadership, financial product knowledge, and experience in independent valuation functions are essential.
- Other info: This role involves strategic initiatives, project management, and collaboration with senior stakeholders.
The predicted salary is between 72000 - 108000 £ per year.
The role is to lead the EMEA IPV function covering Europe and Asia businesses, providing strategic direction to the team and ensuring the thorough application of valuation controls to the Europe and Asia based trading businesses. The team consists of five people based on London and one working offshore for an outsourced provider. The role covers all the International businesses and will include involvement in all the main asset classes except for commodities.
The IPV team is responsible for all aspects of IPV policy and ensuring it is up to date with the latest regulatory and accounting guidance. The role will involve working closely with the regulatory and accounting policy teams on any regulatory returns requiring IPV input and also liaising with global IPV team to ensure global consistency of both IPV policy and process implantation.
The IPV team has a key role in the maintenance of controls around the firm’s model inventory and the role will include involvement in the model review and approval process.
As the business expands in many areas, the role will also include involvement in assessing the valuation impacts of new business initiatives which can be new products, businesses and regions.
There will also be an element of project work as we seek to improve and automate processes and on-board new businesses.
Key Responsibilities & Tasks
- Leading the team and setting strategic direction
- Collaboration with Global Head and US heads on key strategic initiatives and valuation matters.
- Chairing monthly IPV Committee reporting results to CFO, CEO, CRO and Audit
- 2025 JDS automation projection, focusing initially on cash IPV processes
- Managing and pushing forward the book of improvement and project work, assigning tasks, priorities and timeframes in order to efficiently manage the group’s process improvement and automation work
- Oversight of the performance of the IPV process and discussion of results with the trading desks for a variety of businesses and asset classes including Equity cash and derivatives, interest rate derivatives, sovereign and corporate bonds, loans and mortgage-backed securities. Generally, twice monthly but in some cases more frequently.
- Acting as an escalation point for material valuation issues and providing support and expert guidance to the team on subjective valuation decisions.
- Oversight and review of reporting of IPV testing results for senior management.
- Working with pricing and market data providers to challenge pricing, perform deep dives into harder to price securities and investigate new sources of market data.
- Intra month investigation and follow up for material variances or less liquid securities.
- Assigning FAS157 levels to financial inventory and performing level 3 forecasting exercises.
- Involvement in new system roll outs, providing expert guidance and coordinating team testing.
- Participation in Regulatory returns requiring IPV input.
- Liaising with internal and external auditors.
- Advising the New Business Committee regarding valuation matters for new business proposals.
- Oversight of calculation of valuation adjustments, e.g. bid/offer.
- Reviewing new pricing models and understanding the impact on the valuation and IPV process.
- Representing the IPV group at the Global Model Validation Committee
Qualifications/ Experience
The following skills and experience are required for this role:
- Proven track record of strong leadership and effective management, with the ability to develop and motivate high-performing teams
- Experience of running an independent valuation function at a large Investment Bank
- Detailed knowledge of financial products, both Fixed Income and Equities
- Experience in senior stakeholder management, communication and driving consensus.
- Effective problem solver with practical and analytical approach
- Good communication, numeracy skills and a strong academic background
- Strong interpersonal skills and good team player
- Strong sense of ownership and a willingness to take responsibility for tasks assigned and a hands on approach
- Ability to multitask and be adaptable to tight deadlines with a good attention to detail.
- Proactive, enthusiastic and motivated work style
Independent Price Verification (IPV) Senior Vice President employer: LevelUP HCS
Contact Detail:
LevelUP HCS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Independent Price Verification (IPV) Senior Vice President
✨Tip Number 1
Make sure to showcase your leadership experience in previous roles. Highlight specific instances where you successfully led a team or project, especially in the context of valuation functions or financial products.
✨Tip Number 2
Familiarize yourself with the latest regulatory and accounting guidance related to independent price verification. Being well-versed in these areas will demonstrate your commitment to compliance and your ability to navigate complex regulatory environments.
✨Tip Number 3
Network with professionals in the finance and investment banking sectors, particularly those involved in IPV or valuation roles. Building connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 4
Stay updated on market trends and developments in financial products, especially in equities and fixed income. This knowledge will not only help you in interviews but also show that you are proactive and engaged in your field.
We think you need these skills to ace Independent Price Verification (IPV) Senior Vice President
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your leadership experience and management skills, especially in independent valuation functions. Emphasize your knowledge of financial products and any relevant experience in senior stakeholder management.
Craft a Strong Cover Letter: In your cover letter, clearly articulate your strategic vision for the IPV function and how your background aligns with the responsibilities outlined in the job description. Mention specific examples of how you've successfully led teams and managed complex valuation processes.
Highlight Relevant Experience: When detailing your work history, focus on roles that demonstrate your ability to manage high-performing teams and your experience with financial products, particularly in Fixed Income and Equities. Include any project work related to process improvement and automation.
Showcase Communication Skills: Given the importance of communication in this role, provide examples of how you've effectively communicated with senior stakeholders and driven consensus in previous positions. This will help illustrate your strong interpersonal skills.
How to prepare for a job interview at LevelUP HCS
✨Showcase Your Leadership Skills
As a candidate for the Senior Vice President role, it's crucial to demonstrate your proven track record in leadership. Prepare specific examples of how you've developed and motivated high-performing teams in previous roles, especially in independent valuation functions.
✨Understand Financial Products Deeply
Make sure you have a detailed knowledge of financial products, particularly Fixed Income and Equities. Be ready to discuss your experience with various asset classes and how you've managed valuation processes related to them.
✨Communicate Effectively with Stakeholders
Since this role involves senior stakeholder management, practice articulating your thoughts clearly and concisely. Prepare to discuss how you've driven consensus among diverse groups and handled complex communication challenges in the past.
✨Demonstrate Problem-Solving Abilities
Be prepared to showcase your analytical approach to problem-solving. Think of examples where you've tackled material valuation issues or improved processes, and be ready to discuss the outcomes of your initiatives.
