Job Description

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The Valuation Control (VC) team is part of the Treasury Financial Control & Advisory department (TFCA), which falls under the Group Finance Division in the Bank. The VC team is an independent control unit who looks after the valuation of financial instruments and applies valuation adjustments when there are valuation deficiencies.
The successful candidate will be joining the VC team mainly to identify, formulate and implement new valuation adjustments methodologies to support new businesses and new products. The individual will work closely with Front Office, Market Risk and Product Control teams on valuation, model and market data related issues.

Key Responsibilities

• Identify potential valuation issues in new product approval process and recommend valuation adjustments where appropriate
• Formulate and implement new valuation adjustments methodologies
• Perform independent price testing
• Calculate monthly valuation adjustments to ensure that financial instruments are correctly fair valued in accordance with applicable accounting standards and regulatory requirements
• Participate in system testing and regulatory driven initiatives such as CVA
• Work closely with product controllers, market risk department and front office to identify and resolve valuation related issues

• University degree in finance, mathematics or other engineering disciplines is preferred
• Strong financial product knowledge
• Good understanding of common valuation techniques, market data inputs and pricing models
• Team player
• Able to manage time and work priorities

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