Senior Derivatives Valuation Specialist

Ministerio para la Transformación Digital y de la Función Pública; Abu Dhabi; Remote; AED 420,000 - 660,000; Full time

Benefits offered by this job

Fully remote

Professional development support

Job summary

The Ministerio para la Transformación Digital y de la Función Pública in the United Arab Emirates seeks a Senior Derivatives Valuation Specialist to lead independent pricing, valuation validation, and risk assessment of complex derivatives in a fully remote capacity.

You will review pricing models, validate inputs, monitor market data, and collaborate with trading, market risk, and finance to ensure IFRS 13 compliance and accurate fair value reporting.

Qualifications

• Bachelor's or master's degree in Finance, Mathematics, Statistics, Economics, Physics, Financial Engineering, or related quantitative field.
• Typically 5+ years of relevant derivatives valuation or risk management experience.
• Strong understanding of derivatives products, financial markets, pricing methodologies, and valuation risk.
• Familiarity with IFRS 13 and IFRS 9 where applicable.
• CFA, FRM, CQF or equivalent qualifications desirable.

Responsibilities

• Perform independent valuations of derivative instruments (IR swaps, options, futures, forwards, FX derivatives, credit derivatives).
• Review pricing models, market data inputs, and assumptions for accuracy and consistency.
• Analyze derivatives using DCF, option pricing, and Monte Carlo methods where applicable.
• Validate market inputs such as yield curves, vol surfaces, and FX rates.
• Investigate valuation differences across systems and records.
• Conduct IPV and support fair value assessments per policies.
• Assess valuation uncertainty and adjustments (CVA, DVA, FVA).
• Collaborate with trading, risk, product control, finance, and analytics teams.
• Document valuation methodologies and model changes.
• Support audits, regulatory reporting, and governance improvements.
• Contribute to automation of valuation workflows.

Skills

Quantitative analysis

Derivatives pricing

Model validation

Communication skills

Education

Bachelor's or master's in Finance/Math/Quant

Tools

Excel

Python

R

MATLAB

SQL

Job description

Job Title: Senior Derivatives Valuation Specialist

Location: UAE (Remote)

Employment Type: Full-Time

Level: Senior

Work Arrangement: Fully Remote

About Us

We are seeking a highly analytical and technically proficient Senior Derivatives Valuation Specialist to support accurate pricing, independent valuation, and risk assessment of complex financial derivatives. This role is responsible for reviewing valuation models, validating pricing inputs, investigating valuation discrepancies, and ensuring compliance with applicable accounting standards, risk policies, and financial reporting requirements.

The ideal candidate will have strong quantitative skills, in-depth knowledge of derivatives products, and practical experience in valuation methodologies, model validation, and financial markets.

Key Responsibilities

• Perform independent valuations of derivative instruments, including interest rate swaps, options, futures, forwards, foreign exchange derivatives, credit derivatives, and structured products.
• Review pricing models, valuation methodologies, market data inputs, and assumptions to ensure accuracy, consistency, and appropriateness.
• Analyze complex derivatives using quantitative techniques, including discounted cash flow models, option pricing models, and Monte Carlo simulation where applicable.
• Validate market inputs such as yield curves, volatility surfaces, credit spreads, foreign exchange rates, and other relevant pricing parameters.
• Investigate valuation differences between front-office systems, independent pricing sources, counterparties, and general ledger records.
• Conduct independent price verification (IPV) and support fair value assessments in accordance with internal policies and applicable accounting standards.
• Assess valuation uncertainty, model limitations, liquidity adjustments, credit valuation adjustment (CVA), debit valuation adjustment (DVA), and other relevant valuation adjustments.
• Collaborate with trading, market risk, product control, finance, treasury, and quantitative analytics teams to resolve valuation issues.
• Review complex or illiquid derivatives and recommend appropriate valuation techniques when observable market prices are unavailable or unreliable.
• Monitor market developments and changes in pricing conditions that may affect derivatives valuations and financial reporting.
• Support month-end and quarter-end valuation processes, financial close activities, and regulatory reporting requirements.
• Maintain comprehensive documentation of valuation methodologies, pricing assumptions, model changes, and investigation outcomes.
• Assist with model validation, sensitivity analysis, back-testing, and periodic reviews of valuation methodologies.
• Identify weaknesses in valuation controls and recommend enhancements to pricing processes, data quality, and governance frameworks.
• Support internal and external audits, regulatory examinations, and requests relating to derivatives valuation and fair value measurement.
• Contribute to automation and improvement of valuation workflows, analytical tools, and reporting processes.

Qualifications and Experience

• Bachelor's or master's degree in Finance, Mathematics, Statistics, Economics, Physics, Financial Engineering, or a related quantitative discipline.
• Typically 5+ years of relevant experience in derivatives valuation, product control, quantitative finance, independent price verification, or financial risk management.
• Strong understanding of derivatives products, financial markets, pricing methodologies, and valuation risk.
• Experience with valuation models for interest rate, foreign exchange, equity, commodity, or credit derivatives.
• Knowledge of fair value measurement under IFRS 13 or relevant accounting standards, along with an understanding of IFRS 9 where applicable.
• Familiarity with valuation adjustments, including CVA, DVA, funding valuation adjustment (FVA), and other relevant adjustments.
• Experience with market data providers, derivatives pricing systems, and financial risk platforms.
• Proficiency in Excel and strong quantitative analytical skills; experience with Python, R, MATLAB, SQL, or similar tools is an advantage.
• Understanding of model risk management, independent valuation controls, and financial reporting governance.
• Relevant qualifications such as CFA, FRM, CQF, or equivalent professional credentials are desirable.
• Strong problem-solving skills, attention to detail, and the ability to explain complex valuation issues to non-quantitative stakeholders.
• Excellent written communication and documentation skills.
• Ability to manage competing deadlines and work independently in a fully remote environment.

Key Performance Indicators (KPIs)

• Accuracy, consistency, and timeliness of derivatives valuation results.
• Completion of independent price verification and valuation reviews within required deadlines.
• Resolution of pricing discrepancies and valuation breaks within established service-level agreements.
• Quality of valuation adjustments, assumptions, and supporting documentation.
• Compliance with internal valuation policies, accounting standards, and applicable regulatory requirements.
• Timely identification and escalation of material valuation uncertainties and model risks.
• Effectiveness of valuation controls and audit readiness.
• Reduction in recurring valuation discrepancies and manual processing errors.
• Contribution to improved valuation models, analytical tools, and operational efficiency.

What We Offer

• Competitive compensation aligned with experience and technical expertise.
• Fully remote working arrangements.
• Opportunities to work with complex derivatives and advanced valuation methodologies.
• Professional development and support for relevant financial qualifications.
• A collaborative environment focused on quantitative excellence, financial risk management, and strong governance.
• Opportunities to contribute to valuation model improvements and strategic finance initiatives.