Manager & Senior Manager - Audit Valuation for ECL & Derivatives - MENA

Ernst & Young Advisory Services Sdn Bhd; Dubai; On-site; AED 200,000 - 250,000; Full time

Job summary

A leading global consulting firm based in Dubai is seeking a highly skilled Valuation Specialist to review and evaluate complex financial instruments. The ideal candidate should have over 5 years of relevant experience, with strong skills in financial modeling and a profound understanding of derivatives. This position offers opportunities for continuous learning and a chance to work in a diverse and inclusive culture.

Benefits

Continuous learning opportunities

Flexible work environment

Diverse and inclusive culture

Qualifications

• 5+ years of relevant valuation experience.
• Experience in financial modeling with MS Excel.
• Ability to mentor junior staff and enhance model creation.

Responsibilities

• Evaluate and value complex financial instruments for audits.
• Ensure compliance with accounting standards.
• Lead valuation engagements for financial reporting.
• Develop complex financial models.

Skills

Proficiency in complex financial modeling

Strong understanding of derivatives

Knowledge of IFRS 9 and IFRS 13

Programming skills (Python, R)

Experience with Bloomberg, Refinitiv, CapitalIQ

Excellent communication skills

Analytical and problem-solving abilities

Project management skills

Education

Postgraduate degree in Finance, Economics, Accounting, or Business

Job description

Location: Dubai

Other locations: Anywhere in Region

EY is seeking a highly skilled Valuation Specialist to join its Assurance Valuation team. This role involves reviewing and evaluating the valuation of complex financial instruments, including derivatives, for audit purposes.

Key Responsibilities:

• Ensure accurate reporting of derivatives and hedge transactions, including interest rate swaps, FX and currency swaps, credit default swaps, and other complex financial instruments.
• Provide expertise in valuing various financial instruments, such as corporate bonds, treasury bills, debt securities, loan interest, and equity securities.
• Assess and document hedge effectiveness for different types of hedges, including fair value hedges.
• Review and evaluate the valuation of complex financial instruments, including forward currency contracts, future contracts, FX spot, and forward deals, Expected Credit Loss (ECL), options, warrants, and share-based payments, fixed income securities and tranches, other derivatives, including Employee Stock Options (ESOPS), Total Shareholder Return (TSR) and Convertible Bonds, bonds with embedded options and Sukuk, derivative strategies and structured derivatives, Simple Agreement for Future Equity (SAFE) notes, Credit Linked Notes (CLN), and Incremental Borrowing Rate (IBR).
• Develop and maintain complex financial models using techniques such as Monte Carlo simulation, Black-Derman-Toy model, lattice techniques, and finite difference methods.
• Ensure compliance with relevant accounting standards, including IFRS 9 (Financial Instruments) and IFRS 13 (Fair Value Measurement).
• Lead derivatives valuation engagements primarily for financial reporting, ensuring quality and timely delivery.
• Utilize advanced tools like Python, R, @Risk, VBA, and data sources such as Bloomberg, Refinitiv, and CapitalIQ.
• Stay updated on current business and economic trends, incorporating relevant information into valuation models and client engagements.
• Demonstrate strong written and verbal communication skills, presenting findings and recommendations to senior management and clients.
• Actively participate in process improvement, suggesting strategies to optimize workflows and enhance the efficiency of valuations and reporting.
• Manage a team of valuation professionals, overseeing project delivery, providing strategic direction, and ensuring continuous professional development for team members at all levels.

Skills and Attributes for Success:

• Technical Skills: Proficient in developing and maintaining complex financial models using Monte Carlo simulation, Black-Derman-Toy model, lattice techniques, and finite difference methods.
• Strong understanding of derivatives and hedge transactions.
• Knowledge of relevant accounting standards, including IFRS 9 and IFRS 13.
• Proficiency in programming languages such as Python and R.
• Experience with data analysis using Bloomberg, Refinitiv, and CapitalIQ.
• Soft Skills: Excellent written and verbal communication skills.
• Ability to mentor junior staff and enhance model creation.
• Strong analytical and problem-solving capabilities.
• Ability to work collaboratively with cross-functional teams.
• Proven project management and interpersonal skills.
• Competence in explaining complex financial concepts to non-technical stakeholders.

Qualifications:

• A postgraduate degree in Finance, Economics, Accounting (CA), or Business with 5+ years of relevant experience.
• At least 5 years of direct experience in valuation techniques and methodologies in a business valuation firm, venture capital, investment banking, or financial research.
• Experience in financial modeling, particularly in building models from scratch in MS Excel.

What We Offer:

• Continuous learning opportunities to develop skills for future challenges.
• Flexibility and tools to make a meaningful impact.
• Insights and coaching for transformative leadership.
• A diverse and inclusive culture that empowers individuals.

EY is an equal opportunities employer and welcomes applications from diverse candidates. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity.