Valuation Control Group (VCG) is an independent group withinFinance whose primary responsibility is to ensure that the firm's riskportfolios are fairly valued. The group sets independent pricing andreserve policies. VCG highlights concentrations in risk or uncertaintiesin parameter inputs and works with the trading and quantitative groups to fullyunderstand their implications from a risk/return perspective and the impact onthe desk's level of reserving. In addition, VCG is responsible for the reviewof approximately loaded trades, high level risk / P&L analysis, approval ofnew products, and model releases.
VCG is organized along business lines including, IB Risk, Credit,Rates, Equities, Emerging Markets, Securitized Products, PrincipalInvestments FX & Commodities. Clients of the group includesenior management, business heads, regulators, and both internal and externalaudit. The group also works closely with the Traders, CFOs, Market Risk,and Middle Office to ensure a complete understanding of business issues and theaccurate execution of valuation policy.
JobDescription : The candidate will be responsible for supporting thevaluation control function for the Global Commodities business as an associate. Products covered include vanilla, exotic commodity derivative as well asstructured assets derivatives. The rolewill be based in New York. Responsibilities will include: · Analysis of Markets, P&L & Risk on aperiodic basis with understanding of the factors that drive valuation and risk · Owning the relationship between the trading desk andvaluation group · Provide advice on valuation issues related to largeconcentrations, revenue on new deals/complex transactions · Re-engineering of fair value adjustments, includingthe review of concentrated/illiquid positions, complex transactions, marketevents effecting valuation · Oversee the review and analysis of non-standardtransactions · Review and approval of new model releases as itrelates to valuation · Enhance existing control framework including reviewingindependent pricing processes, assessing potential coverage developments andimplementing new tools to enhance control efficiency; · Working with Trading, QR, Middle Office, Finance andModel Review to continually monitor the various valuation risks of the businessand implement appropriate adjustments · Other value-added projects related to Business, Risk,and Finance initiatives
· 3 years experience with commodity products inFinance/Risk-related fields. Analytical and quantitative aptitude.Candidates with quantitative backgrounds preferred. · Knowledge of commodity products and markets,including derivative pricing, risk and valuation · Ability to understand complex products, and analyzetransaction and process flows · Experience working with trading desks. · Understanding of valuation concepts as they pertain tofinancial products and derivatives, some accounting knowledge · Strong verbal and written communications skills. Musthave the ability to lead discussions with all levels of management, becomfortable discussing issues with Trading and Senior Management. Ability to explain complex concepts · Advanced Excel and Power-point skills. Experience with Visual Basic and automation. Database and Python skillshelpful. · Propensity to handle multiple tasks simultaneously andefficiently. · Experience with project management
Internal Number: 6710628
eFinancialCareers is a career site specializing in financial services.