Valuation Control Model Development – VP

Valuation Control (VC) is a critical technical function within Finance, dedicated to ensuring the integrity of Fair Value through robust Fair Value Adjustments (FVAs), Prudent Valuation Adjustments (PVAs), and Independent Price Verification (IPV) methodologies. As a Vice President within the newly established Valuation Control Model Development team, you will play a pivotal role in designing and enhancing quantitative and qualitative models that underpin these processes.

This cross-asset class role offers a unique opportunity to influence strategic improvements in model governance across the bank, ensuring compliance with regulatory standards and alignment with best market practices.

To be successful as a Valuation Control Model Development VP, you should have the following experience:

• Understanding of model governance requirements and regulatory policies, with ability to address valuation requirements in line with accounting and regulatory standards
• Experience in valuation control or a related function (e.g., risk management, model validation, or trading) within a top-tier investment bank
• Ability to manage own workload, demonstrating proactivity and independence in meeting deadlines
• Background in developing or validating models and methodologies combined with financial product knowledge

Some other highly valued skills may include:

• Experience or knowledge of valuation models and methodologies used for FVA, PVA, IPV.
• Experience supporting regulatory and audit challenges related to valuation controls and valuation models/methodologies
• Ability to engage with Traders and Front Office Quantitative Analysts on valuation-related issues and provide clear explanations to diverse audiences
• Knowledge of programming languages such as Python, VBA, R, or C++ for model development and process automation
• Project management and collaboration skills to deliver plans in partnership with core Valuation Control teams and meet model governance deadlines

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

This role is based within our Glasgow office.

To conduct the accurate and timely valuation of financial instruments, and establishment of valuation methodologies, monitoring of market conditions, and provision of valuation insights to support financial reporting, risk management, and business decisions.

• Development and maintenance of valuation methodologies for various financial instruments, and implementation of appropriate valuation models based on the characteristics of the financial instruments and market conditions.
• Management of valuation process for the bank’s trading portfolio, including regular valuations of financial instruments and approval of valuations performed by colleagues.
• Analysis of market data to assess valuation inputs, assumptions, and potential valuation risks.
• Preparation and review of valuation reports, and support in preparing regulatory filings and financial statements.
• Provision of valuation insights to traders, risk professions and senior colleagues, and identification of areas for improvement in valuation methodologies and processes.

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and elevate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to…