Derivatives Operations Valuations Lead

Pension Corporation; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Derivatives Operations Valuations Lead with expertise in derivatives valuation methodologies and dispute resolution practices. In this pivotal role, you will collaborate with various teams to enhance systems and processes while performing in-depth analysis of valuation calculations. Your strong technical knowledge of derivatives and collateral management will be essential in resolving disputes and ensuring accuracy. This is a fantastic opportunity to drive change in a dynamic environment, where your contributions will significantly impact the organization. If you thrive in a collaborative setting and are passionate about finance, this role is perfect for you.

Benefits

28 days annual leave plus bank holidays

Pension

Insurance for Travel

Private Medical Insurance

Critical Illness Insurance

Life Assurance

Income Protection

Save As You Earn (SAYE)

Qualifications

• Experience working with Investment teams in banking or asset management.
• Strong technical knowledge of derivatives and collateral management.

Responsibilities

• Perform expert analysis of OTC Derivative valuations and resolve discrepancies.
• Collaborate with teams to implement improvements in systems and processes.

Skills

Derivatives Valuation Methodologies

Dispute Resolution Practices

Collateral Management

Communication Skills

Organizational Skills

Commercial Judgement

Tools

TriOptima

Aladdin

Murex

Job description

We have a great opportunity for a Derivatives Operations Valuations Lead with SME knowledge of derivatives valuation methodologies & dispute resolution practices. You will collaborate with PIC’s ALM, Investments, Finance and Risk teams to secure their buy-in and implement improvements to systems, processes, and technology, as appropriate.

Key Responsibilities:

• Perform expert analysis of valuation calculations, at OTC Derivative instrument level, from both internal and external systems, including counterparty valuations. Provide detailed analysis and propose actions to remediate discrepancies.
• Work with counterparties and reference CSAs, trade confirmations, valuation sources and market conventions to assist in the resolution of collateral and valuation disputes.
• Review reconciliation output from TriOptima. Resolve issues flagged. Maintain accurate commentary supporting known issues.
• Work with the valuation committee to determine sensible tolerances on a sub asset class basis. Provide feedback and present findings on underlying drivers and potential challenges to internal curve construction.
• Work with the new asset onboarding team to test any new products with all impacted areas, including but not exclusively: the OMS provider, collateral system provider, the internal Asset and Liability Management and Portfolio Management teams.

Minimum Requirements:

You must have experience of working closely with Investment teams within a corporate or consulting environment, the majority in banking, asset management, insurance, or hedge fund.

Technical:

• SME knowledge of derivatives valuation methodologies & dispute resolution practices.
• Good technical knowledge of derivatives, collateral management and optimisation as well as technology to support collateral management.
• Experience using TriOptima, Aladdin, Murex.
• Familiar with derivatives regulation, including EMIR, SFTR and Solvency II.
• Familiar with derivatives documentation, including ISDAs, CSAs, CDEAs, GMSLAs, GMRAs.

Personal:

• Ability to interrogate/verify/challenge derivatives valuations.
• Experience of delivering change and projects.
• Strong organisational and communication skills.
• Ability to persuade and influence both directly and indirectly.
• Ability to organise work to meet deadlines.
• Commercial judgement.
• Proactive approach to risk management.

Benefits:

• 28 days’ annual leave plus bank holidays
• Pension
• Insurance for Travel, Private Medical, Critical Illness, Life Assurance and Income Protection
• Save As You Earn (SAYE)

And more.....