At a Glance
- Tasks: Calculate valuations and provide detailed reports on interest rate derivatives.
- Company: Join RBC Capital Markets, a leader in financial services with a collaborative culture.
- Benefits: Enjoy competitive pay, bonuses, flexible benefits, and world-class training.
- Other info: Opportunities for career growth and development in a high-performing environment.
- Why this job: Make a real impact in a dynamic team while developing your financial expertise.
- Qualifications: Strong understanding of derivatives, valuation experience, and excellent communication skills.
The predicted salary is between 60000 - 80000 € per year.
You will be responsible to perform Global Structured Rates Independent Price Verification (IPV) and Valuation Adjustments (VAs) across a wide range of Interest Rates derivatives positions. This role works with the Trading Desk, Quants, Market Risk, Valuations Methodology and Senior Management to facilitate business expansion by maintaining strong second line control and governance within the CFO Group. This position is full time and requires four days in the office.
What will you do?
- Play a role in the calculation of IPV and other VAs across a wide range of derivative positions for the Global Structured Rates businesses within RBC Capital Markets.
- Play a key role in producing and implementing methodology for VAs.
- Provide detailed reports and analysis on IPV/VA results to Business Heads, Senior Management, Valuations and Risk committees, Market Risk and Finance.
- Ensure that existing VA/IPV processes continue to be aligned with the business, regulator and accounting best practice.
- Ensure that all VA/IPV processes are complete and follow RBC’s risk policies and procedures, identifying and escalating appropriate improvements.
- Ensure process documentation is up to date and adhered to.
- Ensure other related valuation responsibilities relevant to Structured Interest Rates are carried out, such as Levelling, Prudential Valuations (AVA) calculations, and large Day 1 P&L investigations.
- Follow EUC (End User Computing, e.g., Cluster Seven) practices.
- Provide subject matter expertise on valuations related projects and initiatives, including ad hoc management and/or regulatory reviews and new business initiatives.
What do you need to succeed?
- Must-have
- Strong technical understanding of derivatives and their valuation, including vanilla and exotic interest rate derivatives.
- Relevant experience in a Product Control role focusing on Structured Products is an advantage.
- Experience calculating IPV and valuation adjustments.
- Good understanding of interest rate derivative products and their valuations (e.g., swaps, FRAs, CMS, cap floors, swaptions, basis swaps, cross‑currency swaps, callable swaps, structured products).
- Developed understanding of P&L calculations for businesses that trade these products; understanding of control processes such as IPV and Valuation Adjustments (reserves).
- Experience creating or overseeing professional reports, including written commentary, to fixed deadlines for business and senior management consumption.
- Strong communication skills to liaise confidently and effectively with junior and senior members across the business and external vendors.
- Ability to work to tight deadlines in a pressured environment.
- Ability to work well in a small team and collaborate with staff from various functional areas.
- Strong background in mathematics and/or IT.
- Solid understanding of pricing methodologies.
- Strong written communication—clear, concise, well‑written documents.
- Practical IT experience (e.g., Excel and/or VBA, Python).
- Familiarity with market data platforms and analytical tools, including Bloomberg, Reuters, and Markit/Totem.
- Educated to degree level or similar/equivalent, ideally in a numerical subject.
- ACA/CFA/CQF would be an advantage.
- Nice-to-have
- Advanced mathematical and financial product pricing skills.
- Strong Python skills.
- Awareness of key balance sheet and capital metrics.
- Outward‑looking individual with an interest in financial products and strong technical skills.
What is in it for you?
- A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation.
- Leaders who support your development through coaching and managing opportunities.
- Opportunities to work with the best in the field.
- Ability to make a difference and lasting impact.
- Work in a dynamic, collaborative, progressive, and high‑performing team.
- A world‑class training program in financial services.
Valuation Manager, Structured Rates Valuations - Product Control in London employer: RBC
RBC Capital Markets is an exceptional employer, offering a dynamic and collaborative work environment where you can thrive as a Valuation Manager. With a strong focus on employee development, you will benefit from world-class training programs and the opportunity to work alongside industry leaders, all while enjoying a comprehensive Total Rewards Program that includes competitive compensation and flexible benefits. Located in a vibrant financial hub, this role allows you to make a meaningful impact within a high-performing team dedicated to excellence in structured rates valuations.
StudySmarter Expert Advice🤫
We think this is how you could land Valuation Manager, Structured Rates Valuations - Product Control in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work with derivatives or in product control. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge of interest rate derivatives. Be ready to discuss IPV and valuation adjustments in detail, as well as how you can contribute to maintaining strong governance within the CFO Group.
✨Tip Number 3
Showcase your analytical skills! Bring examples of reports you've created or projects you've worked on that demonstrate your ability to analyse complex data and communicate findings clearly to senior management.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our company.
We think you need these skills to ace Valuation Manager, Structured Rates Valuations - Product Control in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Valuation Manager role. Highlight your experience with derivatives and valuation adjustments, and don’t forget to mention any relevant technical skills like Python or Excel that will make you stand out.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about structured rates valuations and how your background aligns with our needs. Keep it concise but impactful!
Showcase Your Communication Skills:Since strong communication is key in this role, ensure your written application reflects clarity and professionalism. Use clear language and structure your documents well to demonstrate your ability to convey complex information effectively.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for the role without any hiccups!
How to prepare for a job interview at RBC
✨Know Your Derivatives
Make sure you brush up on your knowledge of derivatives, especially interest rate products like swaps and swaptions. Be ready to discuss how you would approach IPV and valuation adjustments, as this will show your technical understanding and readiness for the role.
✨Prepare for Technical Questions
Expect some tough technical questions during the interview. Practice explaining complex concepts in simple terms, as you'll need to communicate effectively with both junior and senior team members. Use examples from your past experience to illustrate your points.
✨Showcase Your Reporting Skills
Since you'll be creating reports for senior management, be prepared to discuss your experience with report writing. Bring examples of your previous work if possible, and highlight your ability to meet deadlines while maintaining clarity and conciseness in your documentation.
✨Demonstrate Team Collaboration
This role requires working closely with various teams, so be ready to talk about your experience in collaborative environments. Share specific examples of how you've successfully worked in a team setting, especially under pressure, to achieve common goals.
