Valuation Risk Controller Job Description
Valuation risk controller
provides independent valuation services to internal and external clients across a wide array of OTC derivative products including rates, credit, equity, FX, inflation, cmdty, and volatility / variance swaps.
Valuation Risk Controller Duties & Responsibilities
To write an effective valuation risk controller job description, begin by listing detailed duties, responsibilities and expectations. We have included valuation risk controller job description templates that you can modify and use.
Sample responsibilities for this position include:
A successful candidate will be able to manage mortgage asset backed securities portfolio valuations to ensure compliance with FAS 157, fair value accounting policy and valuation controls responsible for setup and consolidation of valuation results for the Securitized Products Group
Coordinating team (5+) in validating the valuation of the inventory within the firms Equity Division
The production and reporting of the monthly mark review to ensure positions are marked correctly in the firm's books and records
Document valuation methodology and implementation procedures
Supervise and perform the checks of market data parameters under the team’s coverage and responsibility
Partner with the model control team within VRG to develop and enhance independent valuation methodologies
Pro-active management of valuation risk
Perform the checks of market data parameters under the team’s coverage and responsibility
Performing month end and intra month price testing
Reporting of commentary and presenting price testing results at monthly supervisory review meetings
Valuation Risk Controller Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Valuation Risk Controller
Typically a job would require a certain level of education.
Employers hiring for the valuation risk controller job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Economics, Business, Mathematics, Engineering, Physics, Statistics, Management, Quantitative Finance, Technical
Skills for Valuation Risk Controller
Desired skills for valuation risk controller include:
Excel
Fixed income / credit products
Equity derivative products
Rates products
Syndicated corporate loan facilities
Financial markets and products
CDS and loans
Curve construction
Excel VBA but not necessary
Linear financial products pricing
Desired experience for valuation risk controller includes:
Having an opportunity to work with derivatives
Very good understanding of a range of Fixed Income products valuation (interest rate, FX and credit) and their associated risk sensitivities
Serving as the primary local valuation control contact for the group’s clients, eg trading and finance management regulators and auditors
Having an opportunity to work with credit derivative products
Having an opportunity to work with lending products credit and investments
Very good understanding of a range of Fixed Income products valuation (interest rate, FX) and their associated risk sensitivities
Valuation Risk Controller Examples
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Valuation Risk Controller Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of valuation risk controller. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for valuation risk controller
- Crafting IPV reporting packs for senior management
- Delivering IPV process improvements
- Developing strong relationships with key partners amongst the internal team, Front Office, Risk, and other areas across the business in U.S. , Europe and Asia
- Formulating and conducting independent price verification (IPV) processes
- Reviewing appropriateness of valuation methodology and ensure trades are valued using approved valuation methodology
- Providing timely, thorough and in-depth analysis and commentary for price testing and performing unauthorized trading detection controls
- Supporting audit and regulatory requirements
- Supporting Pre-Trade and material Day 1 PL reviews from a valuations control perspective
- Contributing to valuation governance processes and supporting the relevant product valuations working groups
- Presenting summary level analysis to global product head
Qualifications for valuation risk controller
- Bachelor's degree or equivalent with strong academic performance is required
- Significant project work focused on developing and implementing prudent valuation and mark review methodologies systems and functionality enhancements
- Production and reporting of the monthly fair value mark review to ensure positions are marked correctly in the firm's books and records
- Understand the effects of risk key drivers for valuation and Profit & Loss
- Ability to manage IPV processes and deliver IPV improvements
- Ideally you will be flexible, diligent, organized and a team player
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Valuation Risk Controller Job Description
Job Description Example
Our company is growing rapidly and is looking for a valuation risk controller. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for valuation risk controller
- Supporting innovation and building new solutions to improve processes and controls
- Manage interest rates valuations to ensure compliance with FAS 157, fair value accounting policy, and valuation controls
- Work closely with strategy/modeling teams to conduct model certification
- Utilize proprietary models, Bloomberg, to derive market-based prices for interest rate products
- Perform production and policy review regarding the firms quarterly FAS157 accounting disclosure
- Ensuring deliverables are met and proper internal controls are adhered to
- Manage exotic rates valuations to ensure compliance with FAS 157, fair value accounting policy and valuation controls
- Setting up and consolidating valuation results for the structured rates desk
- Working with Strategy / Modeling teams to conduct assessment of models used for valuations of derivatives and other financial instruments, assessment of valuation methodologies, testing of valuation tools, identification and resolution of valuation discrepancies, and communicating assessments to Senior Management and challenging Model Developers
- Utilizing proprietary models, Bloomberg, to derive market based prices
Qualifications for valuation risk controller
- Perform detailed review of price testing including population, completeness, calculation, and documentation and formula integrity
- Ensure all exceptions identified have been followed up with relevant parties and resolved by the task performer
- Ensure all exceptions and overrides to standard testing procedures are supported by documented requests from global stakeholders
- Perform overall analytical review on impacts and month-on-month movements
- Understand and explain results generated
- Document reviews in supervisory control sheets on a timely basis
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Valuation Risk Controller Job Description
Job Description Example
Our growing company is looking for a valuation risk controller. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for valuation risk controller
- Acting as a liaison with Global Product Control to validate Profit & Loss and understand new transactions
- Establishing a dedicated approach, actively seeking to identify valuation issues for investigation and resolution
- Delivering IPV operational improvements
- Developing positive relationships with key partners amongst the internal team, Front Office, Risk, and other areas across the business in U.S. , Europe and Asia
- Perform IPV of market data parameters under the Valuation and Risk Control coverage responsibility
- Contribute to the evolution of the market parameter verification
- Actively participate in the evolution of the market parameter verification processes, including identification of the parameters in use and the assessment of alternative checking methods and sources
- Involve in global IPV process/tools development and contribute to global projects, including automation and standardization of IPV tools and process
- Performing the independent price verification on equities / other asset class activities
- Participating in the evolution of the market parameter verification
Qualifications for valuation risk controller
- Ensures supervisory feedback is incorporated into results
- Escalate P&L impacts > thresholds and exceptional outcomes to VP / Directors
- Provide e-mail confirmation that review of price testing results satisfactorily completed and requesting final review by VP
- Perform SOX testing as defined by the CS framework
- Initiate and implement efficiency enhancement projects on a regular basis
- Degree level education from a Top Tier University
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Valuation Risk Controller Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of valuation risk controller. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for valuation risk controller
- Involving in global IPV process/tools development and contributing to global projects, including automation and standardization of IPV tools and process
- Documenting methodologies for IPV proposed by Risk-GM whilst at the same time constructively challenging the existing policy and looking for improvements
- Build and maintain relationships with other Product Control teams, Front Office, Finance and Risk GM based on trust, respect and professionalism
- Contributing to other initiatives within V&RC function, both within the region and in other locations
- Participating in ad-hoc valuation related projects
- Complete our new-hire training program on our internal processes, industry context, programming tools and trading structures
- Acquire quantitative techniques and market intuition to perform analysis on often novel or unconventional trades
- Advance existing initiatives on valuation modeling, market data collection, price generation and quality control
- Learn how to interact with front office, risk management and financial team members located in New York, London, Budapest, Hong Kong and Tokyo
- Be responsible for quarterly independent valuation of the global Investments portfolio using external data sources and corporate valuation models
Qualifications for valuation risk controller
- 0-5 years relevant Investment Banking experience, preferably in Valuation Risk and Control functions
- Ability to clearly articulate and present to Senior Management and Regional Stakeholders / Regulators
- Strong control focused mindset and hands-on approach to investigating issues
- Sound understanding of derivatives and valuation principles
- Managing a team of 2-7 members including setting objectives and performance appraisal
- Qualified Accountant with Top Tier Firm / MBA
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Valuation Risk Controller Job Description
Job Description Example
Our growing company is hiring for a valuation risk controller. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for valuation risk controller
- Prepare summaries on review results for senior finance executives and the trading desks
- Be responsible for enhancing and streamlining existing working processes
- Understand events in the global financial markets and comprehend those impact on the business
- Be involved in project work as required on new systems and functionality enhancements
- Be responsible for monthly independent valuation of the global Securitized Products and Wealth Management portfolio using external data sources and internal models
- Work with securitized products such as asset-backed securities, mortgage-backed securities, collateralized loan obligations, credit default swaps
- Review valuation and risk models, work closely with model developers
- Understand global financial markets, following up market movements and understanding impact on the business
- Be responsible for the monthly independent valuation of the global Corporate Loan portfolio using external data sources and internal models
- Identify, escalate and address valuation discrepancies
Qualifications for valuation risk controller
- 4+ years of experience manipulating large datasets and running quality checks/ analysis
- Familiarity with option Greeks, their interpretation and graphs
- Past or current experience with exposure to financial products pricing
- Working experience in VBA, SQL, or Python
- Exotic Rates experience
- Current participation in the CFA, FRM, or similar programs