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Pension Insurance Corporation plc

Derivatives Operations Valuations Lead

London Full-Time 42000 - 84000 £ / year (est.) No home office possible

At a Glance

Tasks: Lead expert analysis of derivatives valuations and resolve discrepancies with counterparties.
Company: Join Pension Insurance Corporation, a leader in IT services and consulting.
Benefits: Enjoy 28 days annual leave, pension plans, and comprehensive insurance options.
Why this job: Be part of a dynamic team driving improvements in finance and risk management.
Qualifications: Experience in banking or asset management with strong knowledge of derivatives required.
Other info: This is a full-time, mid-senior level position based in London.

The predicted salary is between 42000 - 84000 £ per year.

1 week ago Be among the first 25 applicants

We have a great opportunity for a Derivatives Operations Valuations Lead with SME knowledge of derivatives valuation methodologies & dispute resolution practices. You will collaborate with PIC\’s ALM, Investments, Finance and Risk teams to secure their buy-in and implement improvements to systems, processes, and technology, as appropriate.

Key Responsibilities:

Perform expert analysis of valuation calculations, at OTC Derivative instrument level, from both internal and external systems, including counterparty valuations. Provide detailed analysis and propose actions to remediate discrepancies
Work with counterparties and reference CSAs, trade confirmations, valuation sources and market conventions to assist in the resolution of collateral and valuation disputes
Review reconciliation output from TriOptima. Resolve issues flagged. Maintain accurate commentary supporting known issues
Work with the valuation committee to determine sensible tolerances on a sub asset class basis. Provide feedback and present findings on underlying drivers and potential challenges to internal curve construction
Work with the new asset onboarding team to test any new products with all impacted areas, including but not exclusively: the OMS provider, collateral system provider, the internal Asset and Liability Management and Portfolio Management teams

Requirements

You must have experience of working closely with Investment teams within a corporate or consulting environment, the majority in banking, asset management, insurance, or hedge fund.

Technical

SME knowledge of derivatives valuation methodologies & dispute resolution practises
Good technical knowledge of derivatives, collateral management and optimisation as well as technology to support collateral management
Experience using TriOptima, Aladdin, Murex
Familiar with derivatives regulation, including EMIR, SFTR and Solvency II
Familiar with derivatives documentation, including ISDAs, CSAs, CDEAs, GMSLAs, GMRAs

Personal

Ability to interrogate/verify/challenge derivatives valuations
Experience of delivering change and projects
Strong organisational and communication skills
Ability to persuade and influence both directly and indirectly
Ability to organise work to meet deadlines
Commercial judgement.
Proactive approach to risk management.

Benefits

28 days\’ annual leave plus bank holidays
Pension
Insurance for Travel, Private Medical, Critical Illness, Life Assurance and Income Protection
Save As You Earn (SAYE)

And more…..

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Other
Industries

IT Services and IT Consulting

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