Business Risk - Valuation Risk, Senior Vice President

Overview

Valuation Control, whilst also leading engagements with internal audit (IA) and regulators. Background The Valuation Risk Team is a specialized function within Markets In-Business Risk, which establishes and maintains a robust 1st Line of Defense (1

LoD) control environment and culture to minimize financial risk within the Markets business. The Valuation Risk Team sets the standards for the quality of Front Office management of Valuation Risk, manages implementation of those standards and is responsible for Markets wide governance of 1st Line valuation risk.

• Perform the 1
  
  LoD Valuation Controls which include oversight and governance of Valuation Consistency, Unchanged Prices, and Non-Standard Trade Booking controls
• Evaluate metrics and reports relating to these controls, and where relevant identify necessary actions and facilitate resolution of identified issues
• Generate monthly materials for senior governance forums which are accountable for consistent Front Office valuations
• Design and implement Front Office controls which effectively mitigate the risk of mis-valuation of financial instruments
• Engage with Markets Technology, senior Markets Traders and Risk functions to develop new technology capabilities for cross-Markets Valuation Risk controls
• Coordinate and lead Regulatory and Internal Audit requests impacting upon Valuations and remediation ensuring timely response and delivery
• Ongoing review and enhancement of Markets-wide Policies on Valuation Risk to drive standardized and consistent mechanisms to evidence controls and supervision of pricing risk
• Define operating control standards across Markets and embed within the Manager Control Assessment (MCA) framework to assess Valuation Risk controls and ensure businesses operates within risk appetite

• 10+ years' experience in Risk Management, Valuation Control, Trading or other related roles in the financial industry
• Strong technical understanding of derivative valuations across multiple asset classes
• Robust understanding of typical data structures for market data utilized by derivative models
• Strong controls mindset, identifying and mitigating risks, communicating and escalating concerns
• Experience dealing with regulators, Audit, Compliance and other Risk and Control functions
• Strong communication skills with an ability to influence senior stakeholders and to adjust communication style for the target audience
• Self-motivated and detail oriented
• Excellent project management and organizational skills, with an ability to multitask and adapt to change
• Ability to collaborate across businesses, regions and support functions

Bachelor s/University degree, Master s degree preferred

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