Valuation Analyst - London, United Kingdom - Morgan McKinley

Morgan McKinley
Morgan McKinley
Verified Company
London, United Kingdom

3 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

The role is focused on delivering the permanent supervision duties in relation to the scope covered by the VRG team in London, with focus on the economic, fair and prudent valuations used by the business line and the functions.

The job is business line orientedand business line facing.

It is organized around a monthly rhythm/cycle where the team is in charge of reviewing the controls performed by some departments involved in the Valuation and the Valuation control processes, namely the Product Control (involvingamongst other the P&L Production, and the industrial independent price verification processes), the Global Markets teams, the Trading and the Research departments.

The role's objective is to ensure the controls performed at all levels are exhaustive, effectiveand appropriately documented;

  • Ensuring that appropriate controls over valuationrelated configurations (including model mappings, pricing configurations, market parameter configurations, reserves parameterisation, fair value hierarchy configurations) are adequately maintained by therelevant departments, are in line with the approved methodologies and internal policies. This mandate comprises primarily methodological focus as Finance holds escalation rights in relation to methodologies, and also operational dimension. In order to be inposition to fulfil the role, the team is granted access to any methodological corpus or detail, to spreadsheets, and has capabilities to perform independent reviews through access to systems, official documentations. Furthermore, the team has mandate to interferein the methodology approval workflow, and holds escalation rights in the Valuation Methodology Committee meetings.
  • Ensuring that nonstandard trade bookings are covered by specific approvals, and follow specific control processes. The job involves a regular synthesis reporting of the effectiveness of the work performed by the departments in charge of the controls, andchecks the compliance with the policies. The job also involves the identification of any need for policies/process and the contribution to the development and approval of these,
  • Contributing to the assessment of the adequacy and soundness of the fair value adjustment and Prudent Value frameworks. The ability to provide pertinent assessment of the soundness of these frameworks from methodology perspective is the result of the deepknowledge developed on the underlying processes (IPV, models), and to the deep knowledge of the existing process and its operational setup.
  • Contributing to the Observability review of the market parameters, and preparing the discussions and reporting in the Observability Valuation Model committees. The ability to perform this assessment also builds up from deep knowledge of the entire valuationprocess.
  • Contributing to the assessment of the soundness of the Day One Profit Process (DOP) and the balance sheet fair value hierarchy aggregates and related financial disclosures.

The role will also include:

  • Monthly reporting to senior FI management on the results of month end IPV controls, reserves, DOP, marking differences, and identified marking or control issues
  • Coordination between external auditors and control groups quarterly and at year end
Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.
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