avp/ vp - Mumbai, India - Careernet

Description

• The Valuation Methodologies team (VM) is the quantitative, technical arm within VC. The VM team is responsible for the development of independent valuation methodologies used for periodically testing all the banks valuations. Moreover, VM are responsible for the periodic review and validation of all fair value adjustment (including model reserves and liquidity adjustments) and Prudent Valuation methodologies. VM own all the banks valuation related policies and ensure the banks valuation methodologies appropriateness and adequacy with respect to compliance with regulations, internal policies and accounting standards.
• The role will cover all asset classes and businesses.
• The Mumbai VM team will particularly focus on the development and enhancement of Independent Price Verification (IPV) methodologies for all asset-classes. IPV methodologies are the cornerstone of all the banks fair-value valuations and Prudent Valuations. The VM Mumbai team will also provide technical assistance to the IPV production teams based in Mumbai, Singapore, London and New York.
• VM regularly engages with the Front Office Trading, Front Office Quants, as well as other control teams such as Finance, Market Risk and Model Validation to discuss and prioritise issues. The VM Mumbai team will be expected to participate in these engagements and to contribute to the resolution of high priority issues.
• Particular focus on the development and enhancement of Independent Price Verification (IPV) methodologies for all asset-classes and to provide technical support to the IPV production teams based in Mumbai, Singapore, London and New York
• Supporting the asset-aligned VM teams, as required (including supporting validation of Front Office developed valuation methodologies)
• Ensuring adherence to, and supporting the maintenance of, key governance documentation such as the Global Valuation Control Policy and otherValuation related policies
• Providing training and guidance to VC staff on the requirements of the VC Policies, as required
• Managing the production of regular Management Information, as required
• Monitoring Key Reporting Indicators and Key Performance Indicators relating to the various relevant PruVals and valuation methodologiesfor all asset classes, with particular emphasis in Rates and Credit
• Attend and contribute to key internal governance forums including, the Valuation Control Oversight Committee (VCOC), and external regulatory forums
• Working with Front Office Strats functions and vendors to support the development and maintenance of valuation related functionality (eg, IPV methodologies being productionised)