Global Investment Bank is currently searching for a highly technical equity derivatives specialist to join their Valuation Methodology team in London. This role has been created by an internal move and would suit a quantitative focused candidate looking for a technical challenge within the Finance remit.
Responsibilities:
* Develop and enhance Valuation Control Methodology for Equity Derivatives, including IPV, Valuation Adjustment, Valuation Uncertainty and Fair Value Hierarchy
* Deep dive IPV result and address valuation issues with Trading Desk and Business Finance and Control
* Work with Quant and Model Validation to improve model governance, identify model limitation and initiate/validate Valuation Adjustment methodology
* Leverage expert knowledge of financial markets, products and consensus data to understand valuation trending, liquidity and uncertainty
* Collaborate with Market Risk to develop and upgrade methodology for Liquidity Reserve, Close-out-Cost and Concentration Reserve
* Drive Operational Excellence by automating the workflows with an End-to-End solution
* Coordinate with global Valuation teams to drive global consistency in Valuation Control execution, reporting and governance
* Communicate complex valuation findings and challenges to Senior Management, Auditors and Regulators
* Work as mentor to junior teammates and build up technical talents
Requirements:
* Expert knowledge of Vanilla and Exotics Equity Derivative and their Pricing Models
* Proven experience in either a model risk development or market risk role in exotic equity derivatives
* Good understanding of current global and regulatory standards and developments pertaining to valuations of financial instruments (Prudent Valuation)
* Strong proficiency in Python
* System design and development experience, working in cross-functional teams
* Excellent written and communication skills with ability to communicate complex issues in a simple manner
* Excellent academic credentials, with a Master’s or PHD in a quantitative field such as Quantitative Finance, Financial Engineering, Physics or Mathematics
* Experience with regulatory, audit and senior management interaction
This role will involve regular interaction with front office stakeholders so it is essential that you have strong interpersonal skills. This position is an ideal opportunity for a Model development or Market risk candidate who is seeking a new technical challenge. The role offers clear mobility opportunities across the bank and a hybrid flexible working environment with 3 days in the office.