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Form of workJob Summary:
You 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 an Associate in the Valuation Control Group, you will be responsible for all aspects of the Valuation Control framework relating to products such as, but not limited to, interest rate swaps, options, insurance-linked and financing structures. The Valuation Control Group (VCG) also works to identify and control potential valuation risk concentrations, uncertainty in pricing inputs, and valuation model uncertainty. You will also focus on insightful analysis leveraging multiple market data sources through advanced analytics platforms
Job Responsibilities:
- Assist with the development of valuation framework reviews, monitoring of market relevant indicators to assist in calibrating pricing parameters
- Apply fair value concept to comply with Financial Accounting Standards Board guidance on Fair Value Hierarchy disclosure
- Implement new tools to enhance control efficiency and contribute to methodology enhancements
- Act in a challenger capacity to ensure proper vetting of price valuation takes place
- Partner with Quantitative Research and Model Review Groups to assess limitations in pricing models and implement compensating controls and/or model limitation adjustments
- Partner with stakeholders on valuation related initiatives, regulatory exams and internal and external audit inquiries
- Assist with management reporting of valuation results or other similar responsibilities
Required Qualifications, Capabilities, and Skills:
- 5+ years of experience in fixed income valuation
- Bachelors degree in Finance, Accounting, or other related field
- Experience in interest rate swaps, options, and other fixed income products
- Good understanding and keen interest in financial markets, combined with strong analytical abilities and willingness to contribute as part of a high performing team
- Strong communication skills and ability to synthesize complex subjects
Preferred Qualifications, Capabilities, and Skills:
- Knowledge of data science (e.g., Machine learning), analytics platform (e.g., Alteryx) and data visualization tool (e.g., Tableau) a plus, python experience also a plus
- Effective time management; ability to think strategically; critical thinker and ability to challenge constructively
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.
