Risk Management, Associate

TPG Careers Page•New York, NY

1d•Hybrid

About The Position

Angelo, Gordon & Co., L.P. seeks an Associate in New York, NY to support the valuation process for a wide array of investments held within the Firm’s portfolios. This role will assist in the administration of the firm-wide pricing policy and coordinate and monitor the process by which the Firm selects and engages external service providers to provide independent valuation services, including reviewing and documenting all policy exceptions. The Associate will also assist with the daily and monthly valuation process by working with investment teams, fund accounting teams and third-party administrators, and monitor the performance of external pricing sources, including instituting and tracking price challenges with pricing vendors and dealers as necessary. This role will handle outsourced valuation services, including data collection across investment teams, and support the year-end financial statement audit and address follow up questions or inquiries as they relate to portfolio valuations. The Associate will compile documentation to support valuation methodology and underlying model assumptions and develop programs that automate reconciliation processes, summarize data changes and streamline processes.

Requirements

Master’s degree in Finance, or related field or equivalent
Three (3) years of experience researching financial performance of private and public companies using Reuters, Markit, Intercontinental Exchange, JPM Pricing Direct, Bloomberg, and TreppWire
Three (3) years of experience sourcing, cleansing, and analyzing market data to validate valuation inputs including volatility, interest rates, discount rates, and credit spreads
Three (3) years of experience pricing complex financial instruments, including derivatives (swaps, options, and structured products), fixed income, and equities using modeling templates
Three (3) years of experience configuring and analyzing Bloomberg models for swap valuations and Black Scholes/Discounted Cash Flow based on relevant investment types
Three (3) years of experience performing independent price testing by comparing internal models against brokers and market data vendors and reconciling discrepancies
Three (3) years of experience applying ASC 820 to ensure accurate valuation impacts on financial statements and regulatory reporting
Three (3) years of experience assessing model assumptions, identifying potential model risk, and working with risk teams to validate pricing methodologies
Three (3) years of experience conducting what-if analyses on pricing models to assess the impact of changes in interest rates, volatility, credit spreads, liquidity conditions and alternate vendor pricing
Three (3) years of experience preparing detailed technical documentation on pricing methodologies, model assumptions, and input sources to support internal audits and regulatory reviews.

Responsibilities

Support valuation process for a wide array of investments held within the Firm’s portfolios.
Assist in the administration of the firm-wide pricing policy.
Coordinate and monitor the process by which the Firm selects and engages external service providers to provide independent valuation services, including reviewing and documenting all policy exceptions.
Assist with the daily and monthly valuation process by working with investment teams, fund accounting teams and third-party administrators.
Monitor performance of external pricing sources, including instituting and tracking price challenges with pricing vendors and dealers as necessary.
Handle outsourced valuation services, including data collection across investment teams.
Support the year-end financial statement audit and address follow up questions or inquiries as they relate to portfolio valuations.
Compile documentation to support valuation methodology and underlying model assumptions.
Develop programs that automate reconciliation processes, summarize data changes and streamlining processes.