IPV/Pricing – Multiple Openings

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Summary

Looking for someone with 2+ years in valuations, product control or areas in the trade life cycle involving strict daily/Monthly deliverable routine to join the team.


Company Information:

Tier One Investment Bank.


Job Description:
  • Reporting and MIS pack presentation for senior management, Front Office, Risk Management and Finance.
  • Use pricing platforms to perform pricing, checks and simulations on IPV prices as a part of the IPV process.
  • Significant involvement in ad-hoc projects / investigations and co-ordinate in the activities of the team.
  • Ensure completion/adherence of activity as per standard procedure/key operating procedure.
  • Ensure quality/quantity of processing of deliverables from the team is maintained as per the SLA.
  • Escalate all issues in time, to the appropriate level, to avoid any adverse impact on the business.
  • Ensure quality commentary on the Global and Regional Summaries & religiously maintain IPV Tolerance breach registers
  • Understand the reserves amount on the basis the IPV process and justify the same.
  • Developing strong relationships with product control, risk management and quantitative departments on valuation and modeling issues.
  • Discussing price testing results, fair value and model reserves, general modeling issues / uncertainties with front office and reporting on suitability for specific products / markets
  • Perform & Supervise the IPV (Independent Price Verification) processes on IR Forwards, IR Swaps, IR Options, IR Swaptions, FX, CVA
  • Complete responsibility in submissions of IPV quotes to Markit consensus services
  • Analyze and explain the outputs, identify drivers for variance, and publish the results to a broader audience (FDMs, Desk,MRM).
  • Produce and perform quality checks for monthly price testing process for the Regional Business that is supported.

Requirements / Qualifications:
  • Experience in the Rates Products valuations or T+1 Pnl in relevant asset classes.
  • Would have hands on experience with Bloomberg or Reuters in key markets data sets & using pricing functions.
  • Must have strong hands-on experience with MS Excel financial functions and experience in writing macros.
  • Ideal if experienced in VBA and any development in an oriented object language like C, C++ etc.
  • Graduates/Engineers Experience
  • 2 – 5 years in valuations or product control or areas in the trade life cycle involving strict daily/Monthly deliverable routine

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