EMEA Valuation Control Specialist (XVA) Director

Global Investment Bank is searching for a Valuation Control director to join their EMEA Finance team in London. This is a newly created position for the bank due to an increase in trading volume in the region and you will oversee valuation control for all derivatives products with a focus on XVA, valuation and booking models. The role will have a heavy project management focus as the bank looks to establish a robust end-to-end control framework to support the region’s expanding derivatives capabilities

Responsibilities:

-           Subject matter expert on valuation and product control of derivative products, including valuation, P&L explain, IPV and reserves methodologies and XVA

-           Defining and execute a valuation control strategy through a best practice model.

-           Lead for product control involvement in regional New Product reviews, ensuring consistency and quality of reviews and appropriate control and testing discipline

-           Assessment and of current state capability and defining a strategic and sustainable operating model to support a scaling business

-           Creation of roadmap and project management to support delivery 

-           Proactive horizon scanning for the Product Control are including governance updates

-           Ad-hoc support to key projects with significant accounting / product involvement

-           Design, implement, and embed control processes into core business activities, ensuring sustainable integration into BAU operations

-           Share relevant knowledge proactively across EMEA teams, including insights from horizon scanning and industry best practices related to Product Control

-           Take ownership of evolving the operating model for Product Control – aligning with strategic direction of Sales and Trading business areas

-           Assess systems capability and collaborate with Change and IT colleagues in addressing areas for enhancement

-           Drive process efficiency within the team, identify opportunities for automation and system enhancements and drive delivery

Requirements:

-           Strong valuation control experience from another Investment Bank.

-           Deep understanding of range of Rates and/or credit Investment Banking Products with focus on derivatives

-           Proven experience of working with XVA models, P&L explain & reserve methodologies

-           Extensive experience of working and leading on valuation control projects including defining a strategic and sustainable operating model

-           Mathematical academic background (ideally MSc or CFA Qualified)

-           Qualified Accountant (Ideally but not essential)

This is a unique role offering the opportunity to shape the valuation control function for a high growth investment bank. The position involves regular interaction with key stakeholders across the front office, risk & finance and it is therefore imperative that you hold strong interpersonal and presentation skills. This role offers a realistic career pathway to the Head of Valuation & Product Control in the future and offers a hybrid flexible working environment with 3 days in the office.

Unfortunately, no visa sponsorship is available for this role so you must already have prior right to work in the UK.