Commodities Energy trading Valuation Risk control - VP

CFA Institute; Greater London; On-site; GBP 90,000 - 120,000; Full time

Job summary

CFA Institute seeks a Valuation Control expert to oversee the Commodities Energy valuation governance within the Chief Risk Office. You will supervise daily IPV, Prudential Valuation, and IFRS Levelling, interfacing with Front Office, Risk and Finance to uphold valuation integrity.

You will also help set up new business lines, Independent Price Verification, and Prudent Valuation processes across the global team, ensuring robust controls and compliant reporting.

Qualifications

• Knowledge of valuation aspects in Commodities Energy products.
• Understanding of prudent valuation requirements and market developments.
• Accounting and/or Risk Management qualification: ACA, ACCA, CFA, FRM or MSc in Finance/Economics.

Responsibilities

• Review Independent Price Verification, Prudential Value, Fair Value Reserves and Levelling results.
• Recommend approval for new trades and Day1 revenue recognition decisions; run quarterly Levelling and Prudent Valuation processes.
• Enhance valuation methodologies in line with regulatory standards.
• Define modeling requirements for illiquid products and assess valuation risks and uncertainties.
• Develop relationships with business, auditors, regulators, data providers and internal stakeholders to ensure robust valuation processes.
• Collaborate with Front Office and Risk/Finance teams to oversee IPV, reserves and IFRS Levelling implementations.

Skills

Commodities Energy valuation

Analytical skills

Communication skills

Quantitative analysis

Education

Accounting or Risk Management qualification (ACA/ACCA/CFA/FRM) or MSc in Finance/Economics

Job description

You'll be joining the Valuation Control Team, a centralised function of valuation and risk professionals within the Chief Risk Office responsible for the independent valuation of fair value/trading positions for the bank. VC acts as internal advisor on valuation issues and operates as a centre of excellence for valuation, reserving, day 1 recognition and prudent valuation.

Your role will be to oversee the operation of Commodities Energy trading Valuation control and governance processes.You will also be involved in the setting up of the new business , Independent Price Verification and Prudent Valuation process performed by the global team.

Your key responsibilities

• Reviewing daily and monthly Independent Price Verification, Prudential Value, Fair Value Reserves and Levelling results
• Recommending for approval - New trades, Day1 revenue recognition decisions and running Quarterly Fair Value Levelling and Prudent Valuation processes and reporting
• Enhancing and developing optimal fair value and prudential valuation methodologies consistent with regulatory technical standards
• Defining modeling requirements for illiquid products, understanding model pricing limitations, assessing key valuation risks and uncertainties and dealing with them appropriately
• Developing productive relationships with the business, external stakeholders (Audit, Regulators, Data providers) and internal stakeholders (MRM)to ensure that Valuation Risk processes are appropriate and optimally designed to support the provision of services to our clients.
• Working closely with colleagues across the bank including Front Office wider Risk teams. You will face off to senior traders, support the Valuation function in setting up of Energy business and overseeing implementation of all aspects of valuation control including reviewing and approving IPV, reserves, IFRS Levelling, PruVal etc. engaging with stakeholders across Front Office, Risk and Finance.

Your skills and experience

• Knowledge of valuation aspects of Commodities Energy products.
• Some understanding of accounting and prudent valuation requirements, best practice and market developments
• Accounting and or Risk Management qualification: ACA, ACCA, CFA, FRM and/or MSc in Finance or an Economics related degree or equivalent experience

• Commodities product knowledge
• Strong analytical and quantitative skills
• Ability to communicate clearly and effectively to team members, peers and senior stakeholders