VP - Valuations Product Control

About the position

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, and 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, and identification of areas for improvement in valuation methodologies and processes.

Requirements

• Experience with independent valuation control, credit/market risk or similar roles.
• Fundamental knowledge of securitized products (RMBS, CMBS, ABS, CLO, whole loans, etc).
• Having a control mindset, the drive to get things right.
• Experience in price verification, pricing models, and valuation methods.

Nice-to-haves

• Proficiency in Intex, Bloomberg, Yield Book, and market data analysis.
• Communication and stakeholder management skills, interaction with audit and compliance.
• Bachelor's or Master's in Finance, Economics, Mathematics, or related field.