Vice President, Valuation Control Specialist

About the role

The Chief Risk Office manages and controls credit, market, operational, enterprise and liquidity risks across the group. Valuation Risk Management (VRM), part of Market and Valuation Risk Management, acts as an independent second line of defence and advises on the integrity and governance of valuations across trading and investment portfolios. This Vice President-level role sits in the Valuation Control team overseeing the Global Financing and Credit Trading business, with exposure to bonds, loans, derivatives and securitized products across the region.

Key responsibilities

• Understand key valuation risk areas in credit portfolios, the nature of transactions and their valuation drivers, and set up a valuation risk monitoring framework
• Review daily and monthly Independent Price Verification results and investigate discrepancies
• Develop and refine approaches for valuing distressed, structured and bespoke transactions using credit fundamental modeling and internal pricing libraries
• Assess valuations of private equity, private credit, loans and structured transactions where market data is limited, using credit and equity analysis, benchmarking and proxy methods
• Approve new trades, make Day 1 revenue recognition decisions and oversee quarterly fair value levelling and prudent valuation reporting
• Define modelling requirements, assess model limitations and post fair value adjustments
• Work with Front Office, Market Risk, Finance and senior stakeholders to challenge and validate valuations

Required profile

• At least 8 years' experience in valuation control, product control or pricing/valuation roles in an investment bank, risk function or buy-side firm, focused on private credit, private equity or illiquid products
• Strong knowledge of private markets and solid experience across credit products (bonds, CDS, loans)
• Proven ability to work in a judgement-heavy environment and to challenge the Front Office
• Relevant professional qualifications such as CFA, FRM, ACA/ACCA, MSc Finance or equivalent

Required skills

• Proficiency in Excel and Bloomberg
• Programming skills in Python or VBA
• Analytical and quantitative skills

What we offer

• Flexible benefits plan including virtual doctor consultation services
• Comprehensive leave benefits, gender-neutral parental leave and 25 days of annual paid leave plus public holidays
• Hybrid working arrangement
• Culture of continuous learning