Valuation Control Analyst: Fixed Income (IPV)

Valuation Control Analyst: Fixed Income (IPV)

Location: London (hybrid, minimum 50% onsite)
Contract: 12 months
Sector: Investment Banking, Global Markets Operations

The opportunity

A leading international investment bank is looking for a Valuation Control Analyst to join its Fixed Income team in London on a 12-month contract. Valuation Control is a global, second-line control function that independently verifies, analyses and reports on the market parameters used to value the bank's trading positions.
You will take ownership of a monthly cycle of independent price verification (IPV) reviews across a range of products and business lines. This is a hands-on role with direct exposure to the Front Office, Risk, Finance and auditors.

Key responsibilities

• Independently own and deliver a set of allocated monthly IPV (MAP) reviews to tight deadlines
• Investigate the drivers behind valuation differences and escalate issues to the appropriate teams
• Engage with the Front Office, Risk, Finance, auditors and management on issues and improvements
• Produce accurate and timely KPIs, highlighting IPV coverage and results
• Ensure accurate submissions to an external consensus pricing provider
• Maintain clear and accurate standard operating procedures (SOPs)
• Challenge existing processes and recommend improvements that strengthen control and efficiency, then implement them once approved
• Learn and support other processes to provide team coverage
• Deliver medium-sized projects and contribute to larger team initiatives
• Build strong working relationships with Product Control, Front Office, Middle Office, Finance and Risk

About you

Essential

• Experience in Valuations, IPV, P&L or Risk teams within financial services
• Solid understanding of Fixed Income products and their associated risks
• Strong Excel skills, particularly formulas, with the ability to understand and debug complex spreadsheets
• Ability to open, read and understand VBA code, and to debug and enhance it where needed
• Confidence interacting with the Front Office and challenging them credibly, using their language and understanding the risks they run
• Strong written and verbal communication skills, with the ability to engage at all levels
• Excellent attention to detail under pressure and tight deadlines
• Able to pick up a process, understand it quickly and work independently, as well as part of a team
• Practical, solutions-focused approach, able to find quick workarounds

Desirable

• Finance-based degree, ideally with a strong mathematical background
• Python skills
• Strong grounding in financial mathematics and market practice
• Exposure to asset classes beyond Fixed Income

Guidant, Carbon60, Lorien & SRG - The Vertage Group Portfolio are acting as an Employment Business in relation to this vacancy.