Head of Valuation Control 100% (f/m/d)

Julius Baer; Zürich; Vor Ort; CHF 180.000 - 250.000; Vollzeit

Zusammenfassung

Julius Baer in Zürich seeks a senior Valuation Control professional to lead valuation governance across trading and treasury, delivering independent price verification, PVA/AVA frameworks, and robust controls.

You will partner with Finance, Risk, Front Office, and Audit, drive automation, mentor a high-performing team, and ensure compliant fair value measurement under IFRS 13, Basel, and EBA, with strong data, coding skills, and stakeholder management.

Qualifikationen

• Degree in Finance, Economics, Mathematics, Engineering or a quantitative field.
• 10+ years in Risk or Finance with 5+ years in Valuation Control or related banking functions.
• Strong leadership and ability to challenge Front Office valuations.
• Deep knowledge of fair value governance, IPV, and PVA/AVA frameworks.

Aufgaben

• Lead Valuation Control within Product Control, overseeing governance, IPV, and fair value controls.
• Define and drive prudence valuation adjustments (PVA) governance and data needs.
• Oversee AVA development for market price uncertainty and related costs.
• Provide independent challenge to Front Office pricing and models.
• Present insights to senior management, risk committees and regulators.

Kenntnisse

Leadership

IPV governance

Valuation control

Data analytics

Regulatory awareness IFRS 13 Basel EBA

Communication

Python/SQL familiarity

Ausbildung

Degree in Finance, Economics, Mathematics, Engineering or a quantitative field

Tools

Python

SQL

Jobbeschreibung

At Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth. Let’s shape the future of wealth management together.

Valuation Control is part of Product Control which is focused on the trading and treasury activities of Julius Baer. Independent compilations of profit and loss figures allow for a transparent and safe business environment ensuring accurate financial reporting. Front‑to‑back reconciliations of positions, cash accounts and profit‑and‑loss statements ensure data integrity across systems.

Valuation Control collaborates with Finance, Risk, and Front Office functions to support transparent financial reporting and meet regulatory and audit obligations. Operating independently, Valuation Control provides a crucial second‑line‑of‑defence oversight to safeguard the reliability of the Bank’s financial statements. Its function ensures the accuracy and integrity of fair value measurements for financial instruments, primarily under IFRS 13 requirements. It performs independent price verification, identifying and resolving discrepancies. The team oversees the classification of instruments within the fair value hierarchy (Levels 1–3) and monitors the use of pricing models, especially for illiquid or complex products.

Moreover, Valuation Control is responsible for the calculation of various additional valuation adjustments under Prudent Valuation regulations. The team ensures a robust valuation governance framework to enhance the credibility and reliability of financial reporting by reflecting realistic market conditions, thereby strengthening investor confidence, supporting regulatory compliance and mitigating the risk of future losses or restatements.

The successful candidate will be a senior valuation control professional with strong technical expertise across financial instruments, valuation methodologies, valuation uncertainty and regulatory expectations. The role requires strong leadership, independent challenge to Front valuations, and partnership across Finance, Product Control, Market Risk, Model Validation, Front Office, Regulatory Reporting and Technology. The role will provide senior ownership of valuation governance, independent price verification, valuation adjustments, fair value control, prudent valuation adjustments and related control processes.

Responsibilities

• Lead Valuation Control within Product Control, overseeing valuation governance, independent price verification (IPV), valuation adjustments and fair value controls.
• Define and implement target operating model for prudent valuation adjustments (PVA), including methodology, governance, controls, data requirements, systems, reporting and senior management oversight.
• Lead development and governance of additional valuation adjustments (AVA), covering market price uncertainty, close‑out costs, funding & investing costs, unearned credit spreads, concentrated positions, future administrative costs and early termination.
• Enhance the Bank’s valuation control framework.
• Assess new products in the new product approval process.
• Develop a comprehensive fair value levelling framework.
• Provide senior‑level oversight of valuations for trading and treasury products, including derivatives, fixed income, rates, credit, FX and structured instruments.
• Ensure robust independent price verification through price testing, adjustments, valuation challenge and escalation.
• Deliver independent challenge to Front Office pricing, models, assumptions and methodologies.
• Establish strong governance via methodology reviews, control standards, documentation, approvals and senior reporting.
• Present valuation control insights to senior management, risk committees, auditors and regulators.
• Ensure valuation processes are underpinned by reliable data, systems, controls and auditability.
• Support internal/external audits and regulatory reviews on fair value and valuation control matters.
• Drive automation, process improvements and control enhancements for greater efficiency and scalability.
• Lead and develop a high‑performing team of valuation control specialists, fostering technical excellence and career growth.

Qualifications

• Degree in Finance, Economics, Mathematics, Engineering or a quantitative field.
• Extensive experience in Risk or Finance (10+ years) of which at least 5 years in Valuation Control, Market Risk or related banking control functions.
• Proven leadership track record within valuation or product control environments.
• Lead the Bank’s PVA agenda within Product Control / Valuation Control.
• Deep technical expertise in fair value governance, IPV, valuation reserves, and PVA, including market price uncertainty, model risk and close‑out costs.
• Strong knowledge of financial instruments across rates, credit, FX, derivatives, fixed income and structured products.
• Experienced in challenging valuation models, assumptions, inputs and outputs in collaboration with Front Office and Model Validation.
• Thorough understanding of regulatory requirements (IFRS 13, Basel, EBA) relating to fair value and valuation control.
• Skilled in designing and enhancing valuation control frameworks, governance, reporting and system‑driven controls.
• Strong data and technology awareness, with ability to drive automation and control improvements.
• Programming skills (Python, SQL or alike) desirable.
• Excellent analytical, communication and stakeholder management skills—effective at engaging senior leaders, auditors and regulators.
• Capable of leading teams and delivering results in complex, highly regulated environments.
• Professional qualification (e.g., CFA, FRM, ACA/ACCA, CPA) desirable.
• Business fluency in English required, German an advantage.