Valuations Oversight Manager
Robert Half Financial Services are recruiting for a Valuations Oversight Manager to join a leading global bank based in the City of London. Reporting to the Senior Manager of the Valuation Oversight team, this role provides you with regular exposure to Front Office, Accounting, Audit and Model methodology areas so a proven ability to influence and work with internal and external stakeholders is essential. Accountabilities include: Substantiation of asset and derivative valuations and reserving through processes including; Analysis and decomposition of valuation drivers; Review and challenge of pricing sources and assumptions; Review and challenge of valuation methodologies; Modelling of alternative scenarios; Review of third-party valuation difference
Research, definition, calibration and validation of valuation uncertainty and related measures and metrics related to measure valuation risk
Documentation of valuation issues including summarising and presentation of valuation issues and valuation metrics to senior business and finance stakeholders. Documentation of key controls over valuations, assisting in the ownership of Fair Value Pricing Policy and compliance with all other applicable group policies.
Act as subject matter expert within new product, new business and process improvement projects and build strong collaborative relationships with business teams, internal and external valuation production teams and with methodology, technology, actuarial and other specialist functions within the organisation.
Credible representative to explain asset and derivative valuations and valuation controls to regulators, auditors and internal risk functions.
The role of Valuations Oversight Manager will suit an accomplished financial markets colleague, with experience of working with a wide range of stakeholders including: Investment Desks, Accounting & Operations, Risk & Actuarial Support functions, as well as Change areas.
To be considered for the role of Valuations Oversight Manager, you must possess the following key skills: Significant experience of asset and derivative valuations from within an Independent Valuation, Product Control, Valuation Control, Risk or Valuation consultancy environment; Financial / Numerically based qualifications, at a minimum to the equivalent of a graduate level; Excellent working knowledge of financial markets and products (OTC derivatives, bonds, equities, illiquid loans as well as structured instruments and vehicles); Track record of understanding and being able to critique complex calculations; Strong verbal and written communication skills, with the proven ability to communicate effectively not only with valuation experts but also to be able to explain complex issues to a non-technical audience and to be able summarise key results succinctly to an executive audience; Skills in managing a portfolio of stakeholders and operating as a credible contact point for internal and external supervisory functions; Proven ability to collaborate effectively across varied teams in multiple locations; Track record of being able to work under own initiative and manage deliverables to meet tight deadlines as part of regular reporting cycles.
Desirable additional factors
Post-graduate or professional qualifications in numerical disciplines or accountancy; Experience in building financial valuation models and/or mathematical programming languages; Proven ability to deliver high quality financial reports and presentations; Proven project/change management skills; Management experience in a financial services or financial reporting environment; Hands-on experience of working with market data vendor systems i.e. Bloomberg, Reuters etc.
My client is a leading City of London based bank, renowned on a global scale.
Salary & Benefits
The successful Valuations Oversight Manager will receive a salary of £55,000-65,000 depending on experience, plus an attractive benefits and bonus package.
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