Valuation Control EMEA Credit Lead

Finance

Posted: 08/11/2016

  • Salary: GBP 90000.00 per year - GBP 90000.00 per year
  • Location: London
  • Job type: Permanent
  • Reference: BBBH135021
 

Job Background/context:


The Valuation Control team is a cornerstone of the Product Control function. The function is organized into product-aligned teams including a dedicated Price Verification team. The product scope is comprehensive and includes a full range of security and derivative products.
The key responsibilities of the group are to perform the independent price verification for traded inventory, calculate market value adjustments and conduct new trade reviews.
The successful candidate will play a critical leadership role within the EMEA Valuation Control team and support the EMEA Valuation Control Head. They will act as the central point of contact for the EMEA Credit Business head.
There will be regular interaction with a wide variety of other functions within Markets and Banking globally and within the Global Product Control organization.
Key Responsibilities:
People Management and Leadership
* Strong leadership characteristics that enable the individual to maintain a clear structure of accountability across all aspects of valuation
* Developing skills within the team, identifying training and development areas for individuals
* Assisting with the setting of the team's agenda, direction, goals and objectives for the EMEA Equites Valuation Control Team
* Leading and guiding team in developing techniques in identifying pricing issues valuation parameters or instruments types that may require particular attention
* Promoting the team's development of innovative price testing methodologies globally
* Active role as part of the broader regional and global product control senior management team

Control Framework
* Accountability for Valuations MCA (Manager Control Assessment) control deign, effective operating and control escalation across the EMEA Credit business activity
* Ownership for driving systems and control improvements
* Accountability for all internal and external reviews, including regulatory
* Senior liaison with internal, external audit and regulators covering all aspects of valuation for Credit
* Responsibility for reviewing and engaging on all valuation matters relating to the Credit business
Reporting
* Ownership of all valuation reporting for the EMEA Credit Business
* Ensuring consistency of price testing framework between products and across regions for Credit
* Acting as the senior partner to the Business, Risk, Compliance and Finance in relation to valuation matters
Regulatory
* Senior point of contact with external audit and regulatory bodies, responsible for all aspects of valuation related reporting and controls
* Preparation for all Valuations regulatory and audit reviews
Development Value:
This is a senior hire for Finance with stretching objectives. The successful candidate will have be required to play a leadership role within the Global Product Control organization, by demonstrating a wide range of skills and the ability influence our clients global pricing policy
Qualifications, Knowledge/Experience:
* Extensive years of experience in a valuation, risk or product control related discipline
* Strong understanding of current global accounting and regulatory developments pertaining to valuation of financial instruments
* Ability to understand complex concepts and effectively challenge peers in Finance, Risk and the Business
* Strong communication skills, both written and oral
*Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience
Skills:
Leadership and Management
* Excellent people Management
* People Development
* Inspires and empowers team and individuals
Drives Value for Clients
* Trusted partner, drive innovation, speed market by learning from others
* Anticipates, demonstrates understanding of expectations and needs
Work as a Partner
* Works collaboratively across the organization
* Challenges self and colleagues to higher levels of performance
* Treats people with respect
Champions Progress
* Pushes for culture of high standards
* Sets positive tone and inspires enthusiasm
* Assists in executing the vision set forth by Senior Management and is responsive to changes in environment
Delivers Results
* Sets high standards and achieves performance objectives
* Prioritizes and provides clear line of sight to most critical work
* Sets clear goals and measures progress
* Expects self and team to consistently meet/exceed expectations
Product Technical Knowledge
* Excellent understanding of complex structured products and different models used for valuation
Control Mind-set
* Demonstrates a strong leadership and focus on control. Ensuring integrity of reporting and independence of controls associated with critical function
Strong Influencing and Presenting Skills
* Ability to communicate and deliver key messages to senior audience
* Credible in front of regulators and external auditors
Qualifications:
* A Bachelor's or Master's degree in any finance, economics or quantitative related subject.

Competencies
* Leadership skills
* Control focused
* Team Player
* Self-Motivated and innovative
* Ability to prioritize to ensure deadlines are met Strong Communication Skills, both written and oral
* Excellent interpersonal skills - able to deal with a range of senior/junior staff across a number of disciplines
* Proven influencing and negotiation skills
Valuing Diversity:
Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.

McGregor Boyall is an equal opportunity employer and do not discriminate based on race, religion, gender, age, sexuality, gender identification, or physical ability.