About the position
To conduct the accurate and timely valuation of financial instruments, and establishment of valuation methodologies, monitoring of market conditions, and provision of valuation insights to support financial reporting, risk management, and business decisions. Join us as a VP - Valuation Control, Securitized Products, where you will ensure accurate and timely valuation of financial instruments. You will oversee independent price testing, fair value adjustments, prudent valuation and valuation methodologies while collaborating with front office, market risk, product control and senior stakeholders. Your role includes independent oversight of securitized product portfolios, valuation input verification, and regulatory & audit compliance. This is an opportunity to apply your expertise in valuation control, learn about products and their markets, and rise to the opportunity in a dynamic team.
Responsibilities
- Development and maintenance of valuation methodologies for various financial instruments.
- Implementation of appropriate valuation models based on the characteristics of the financial instruments and market conditions.
- Management of valuation process for the bank's trading portfolio, including regular valuations of financial instruments and approval of valuations performed by colleagues.
- Analysis of market data to assess valuation inputs, assumptions, and potential valuation risks.
- Preparation and review of valuation reports, and support in preparing regulatory filings and financial statements.
- Provision of valuation insights to traders, risk professionals and senior colleagues.
- Identification of areas for improvement in valuation methodologies and processes.
- Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
- Manage and mitigate risks through assessment, in support of the control and governance agenda.
- Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
- Collaborate with other areas of work for business aligned support areas to keep up to speed with business activity and the business strategies.
- Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives.
- Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders.
Requirements
- Experience with independent valuation control, credit/market risk or similar roles.
- Fundamental knowledge of securitized products (RMBS, CMBS, ABS, CLO, whole loans, etc).
- Control mindset with the drive to get things right.
- Experience in price verification, pricing models, and valuation methods.
- Proficiency in Intex, Bloomberg, Yield Book, and market data analysis.
- Strong communication and stakeholder management skills, interaction with audit and compliance.
- Bachelor's or Master's in Finance, Economics, Mathematics, or related field.
Nice-to-haves
- Experience in risk and controls, change and transformation, business acumen, strategic thinking and digital and technology.
- Job-specific technical skills relevant for success in the role.
Benefits
- Salary range from $177,200 to $192,908.
