VP- Commodities- Valuation Risk
Location: LondonLevel: Vice President
A leading Financial Services firm is seeking an experienced Valuation Risk Manager to join its centralised Valuation Control function within the Chief Risk Office.
Location: LondonLevel: Vice President
A leading global Financial Services firm is seeking an experienced Valuation Risk Manager to join its centralised Valuation Control function within the Chief Risk Office.
This is a high-profile second-line role supporting a growing Commodities and Energy trading business. The successful candidate will provide independent challenge and oversight of the valuation of trading positions.
ResponsibilitiesOversee valuation-control activities for Commodities and Energy trading portfolios, including daily and monthly Independent Price Verification (IPV).
Review and challenge trader marks, valuation inputs, pricing methodologies and the appropriateness of independent market data.
Review fair value reserves, prudent valuation adjustments and IFRS fair-value hierarchy classifications.
Assess and recommend approval of new trades, new product activity and Day 1 P&L recognition decisions.
Identify valuation uncertainty across liquid and illiquid products, including model limitations, data gaps, liquidity considerations and unobservable inputs...