Product Control Valuations Vice President

Michael Page International Rec Ltd
City Of London
£80k - £100k pa + Competitive Salary+Benefits
19 Oct 2016
17 Nov 2016
Contract Type
Product Control plays a key role in both supporting and controlling the revenue generating functions of the business and consists of two very technical teams: Line Product Control and Valuations Control. The department's key responsibilities include:

* P&L reporting, attribution & commentary

* Independent price verification

* Reserving methodologies, including provisions, valuation adjustments and prudential capital reserves

* Leading/Implementing key firm-wide valuation projects

* Ensuring the correct controls and processes are in place to manage new and existing product

Client Details

Large international bank with offices around the world


We have an exciting opportunity for an experienced Product Control professional with budding leadership potential to join our Valuations Control team to support out Front Office business. Your responsibilities will include:

* Performing valuation analysis on a wide range of financial instruments

* Performing independent price verification spanning all asset classes

* Computing of monthly reserving requirements;

* Investigating collateral differences with CSA counterparties

* Guiding Financial Model Development;

* Implementing valuation model changes;

* Initiating and implementing independent price verification and/or prudent valuation methodology changes;


* Minimum of 3 years post-degree experience;

* A strong technical knowledge of capital markets and financial market products;

* Proficient level of Excel, Visual Basic and Access skills;

* Knowledge and experience of VBA

* Knowledge of financial models

* Strong quantitative skills


* A minimum of 2:1 Degree in a mathematical biased subject;

* Experience working across multiple asset classes and markets

* Experience with Murex

* Strong knowledge of rates products and solid understanding of exotic products

A thorough understanding of valuation convention including yield curve build, discount curve selection, credit/debit valuation adjustments, derivatives modelling

Job Offer

Competitive offer, attractive base salary, room for career progression and growth