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Job Overview

VP, FICC Product Control & Valuations (Open to relocation)

Location: Hong Kong Salary: $1,000,000 - $1,200,000
Type: Permanent Contact: Garrett Tardrew
Posted: 4 months ago

Duties & responsibilities:

  • P&L review, analysis, commentary, reporting and oversight
  • New transaction review and substantiation as part of the due diligence process
  • Front to back reconciliation and control
  • Independent price verification
  • Valuation adjustment and reserve calculation
  • Report daily balance sheet estimates, ensure accurate and timely reporting including analytical review on significant movements and balances
  • Decomposition of balance sheet for the business, identifying opportunities to reduce adjusted assets
  • Complete month-end balance sheet reporting by internal deadlines, explaining movements or variances between estimates and final results
  • Ensure all balance sheet accounts are reconciled, escalating variances.
  • Ensure all reserve balances and valuation adjustments are reconciled and appropriately authorized
  • Ensure validity of allocated/attributed balances as well as internal funding charge
  • Operational Effectiveness
  • Leading role in driving team projects, including automation and process enhancement;
  • Ensure all front to back breaks are understood, and escalated in accordance with standards
  • Involvement in completion of New Product Review documentation for new businesses / products proposed by your trading desk, and the implementation of systems and process changes / improvements that are required
  • Price Verification and Valuation adjustment
  • Perform independent price testing
  • Calculate/validate valuation adjustments and reserves
  • Working with the business and Global Valuation Group on valuation related issues
  • Monitor and analyze material reserve movements

Background

  • At least 8 years experience in a simimlar position from a top tier financial institution
  • Ideally an ACA, ACCA or CPA qualified
  • Excellent knowledge in price testing or valuation 
If you are interested in this role please apply below or contact me for more information.