We have a great opportunity for a Derivatives Operations Valuations Lead with SME knowledge of derivatives valuation methodologies & dispute resolution practices. You will collaborate with PIC’s ALM, Investments, Finance and Risk teams to secure their buy-in and implement improvements to systems, processes, and technology, as appropriate.
Key Responsibilities:
* Perform expert analysis of valuation calculations, at OTC Derivative instrument level, from both internal and external systems, including counterparty valuations. Provide detailed analysis and propose actions to remediate discrepancies.
* Work with counterparties and reference CSAs, trade confirmations, valuation sources and market conventions to assist in the resolution of collateral and valuation disputes.
* Review reconciliation output from TriOptima. Resolve issues flagged. Maintain accurate commentary supporting known issues.
* Work with the valuation committee to determine sensible tolerances on a sub asset class basis. Provide feedback and present findings on underlying drivers and potential challenges to internal curve construction.
* Work with the new asset onboarding team to test any new products with all impacted areas, including but not exclusively: the OMS provider, collateral system provider, the internal Asset and Liability Management and Portfolio Management teams.
Minimum Requirements:
You must have experience of working closely with Investment teams within a corporate or consulting environment, the majority in banking, asset management, insurance, or hedge fund.
Technical:
* SME knowledge of derivatives valuation methodologies & dispute resolution practices.
* Good technical knowledge of derivatives, collateral management and optimisation as well as technology to support collateral management.
* Experience using TriOptima, Aladdin, Murex.
* Familiar with derivatives regulation, including EMIR, SFTR and Solvency II.
* Familiar with derivatives documentation, including ISDAs, CSAs, CDEAs, GMSLAs, GMRAs.
Personal:
* Ability to interrogate/verify/challenge derivatives valuations.
* Experience of delivering change and projects.
* Strong organisational and communication skills.
* Ability to persuade and influence both directly and indirectly.
* Ability to organise work to meet deadlines.
* Commercial judgement.
* Proactive approach to risk management.
Benefits:
* 28 days’ annual leave plus bank holidays
* Pension
* Insurance for Travel, Private Medical, Critical Illness, Life Assurance and Income Protection
* Save As You Earn (SAYE)
And more.....
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