Job Description

You are responsible for understanding, reviewing and testing the marks and valuation adjustments used to value trading positions.

The main functional responsibilities include:

• Frequent testing of front office marks to external levels;
• Ensuring that the appropriate accounting principles and reserves are applied to reach fair value;
• Calculation of prudential valuation capital adjustment;
• Development and application of rules for fair value hierarchy classification;
• Partnering with the Front Office and other support groups in facilitating and approving new products and initiatives, in particular determining reserving and revenue recognition approaches.
• Determining methodology for and computation of relevant valuation adjustments
• Responsible for management reporting, including detailed analysis of desk marking trends
• Extensive degree of Front Office, Product Control, Finance and senior management interaction
• Opining on revenue recognition and reserving for new product / transaction approvals
• Training and supervising Mumbai offshore Centre to ensure appropriate, and accurate testing
• Resolution of collateral disputes on rates products
• Reviewing, designing and enhancing controls
• Computation of quarterly Prudential Valuation Adjustments and Significant Unobservable disclosures

Required Knowledge, Skills, and Abilities

• Numerical degree with history of strong academic performance required.
• Additional professional qualification from top university or institution preferable (ACA/CIMA, CQF, CFA, FRM, PRMIA).
• Excellent written and oral communication skills required given the level of exposure to all levels of seniority and experience across businesses and regions.
• VBA / SQL / Alteryx / Python programming skills would be preferable, but not essential.