About this role
A leading global financial institution is seeking a Vice President Product and Valuation Controller to join their London-based Product Control team. This pivotal role offers you the opportunity to take ownership of independent valuation oversight and control for the trading balance sheet, while also supporting P&L reporting processes. You will be a key partner to Front Office and Risk teams, providing insight and challenge on valuations and fair value reporting.
What you'll do:
Own the valuation control process and fair value reporting for the trading balance sheet, ensuring robust oversight and compliance with internal policies.Perform and oversee Independent Price Verification (IPV) processes to ensure accurate valuations across all relevant products.Review and challenge Front Office valuations, market data inputs, and applied valuation methodologies to maintain high standards of integrity.Investigate and resolve valuation differences as well as IPV exceptions by collaborating with stakeholders across multiple departments.Review and calculate various valuation adjustments including CVA, DVA, FVA, MVA, Prudent Valuation Adjustments (PVA), ensuring comprehensive coverage.Assess the impact of new products, model changes, and market developments on existing valuation frameworks.Support governance activities related to valuation reserves and frameworks by maintaining up-to-date policies and procedures.Provide detailed analysis of valuation assumptions and model outputs while producing metrics and Key Risk Indicators (KRIs) for monthly stakeholder packs.Assist with daily P&L reporting, analysis/attribution, partnering with P&L controllers to investigate queries as needed.Lead process improvement initiatives focused on automation and control enhancement within the Product Control function.
What you bring:
Professional accounting qualification such as ACA, ACCA or CIMA is required for this position.Demonstrated expertise in valuing cash products, derivatives, financial markets instruments, and risk drivers gained through hands-on experience.Comprehensive background in Product Control covering both Valuation Control responsibilities as well as P&L reporting processes.In-depth understanding of Independent Price Verification (IPV), valuation reserves management, and governance frameworks related to fair value reporting.Advanced knowledge of XVA concepts including CVA (Credit Valuation Adjustment), DVA (Debit Valuation Adjustment), FVA (Funding Valuation Adjustment), MVA (Margin Valuation Adjustment).Exceptional analytical abilities combined with problem-solving skills that enable you to deliver insightful presentations at Townhalls or stakeholder meetings.Proven track record of driving process improvements focused on automation initiatives within finance or product control environments.Excellent Excel skills are essential; proficiency in Power BI or Alteryx would be advantageous for handling large datasets efficiently.Strong stakeholder management capabilities coupled with collaborative communication style that fosters trust among colleagues.
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