Head of Investment Valuation

Just Group; Greater London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Head of Investment Valuation to spearhead their Investment Valuation team. This role is pivotal in shaping asset modelling methodologies and managing liquidity risks. The ideal candidate will possess a strong actuarial background and extensive experience in financial markets, particularly in corporate bonds and derivatives. You will lead strategic initiatives, ensure accurate asset valuations, and collaborate with various internal stakeholders. Join this forward-thinking company to make a significant impact in the retirement solutions sector, while enjoying a flexible working environment and a commitment to diversity and inclusion.

Benefits

Competitive Salary

Pension Scheme

Life Assurance

25 Days Annual Leave

Private Medical Cover

Income Protection

Generous Bonus Scheme

Employee Assistance Helpline

Access to Headspace App

Career Progression Opportunities

Qualifications

• Looking for a qualified actuary with substantial investment experience.
• Must possess excellent knowledge of fixed income assets and derivatives.

Responsibilities

• Lead the Investment Valuation team and asset modelling initiatives.
• Provide actuarial expertise for accurate asset valuations and risk management.

Skills

Qualified actuary

Financial markets experience

Knowledge of fixed income assets

Bloomberg knowledge

Excel and VBA proficiency

Problem-solving skills

Data management and analysis

Communication skills

Initiative in issue resolution

Education

Actuarial qualification

Equivalent quantitative profile

Tools

FIS Quantum

Financial modelling software

Job description

Head of Investment Valuation

Apply remote type Hybrid locations London time type Full time posted on Posted 6 Days Ago job requisition id R5287

At Just we encourage a flexible and agile working environment for the majority of our opportunities. Get in touch with us to discuss in more detail.

About the role

We are looking for a Head of Investment Valuation to lead our Investment Valuation team and lead the delivery of asset modelling methodology and systems, short-term liquidity risk modelling and management, and other initiatives.

Responsibilities

1. Leads the Investment Valuation team in accordance with Just’s behavioural principles. Drives strategy and proactively shapes outcomes for the team.
2. Provides actuarial/technical expertise to support the accurate and appropriate valuation of Just’s investment assets, derivatives and repo.
3. Leads asset modelling and governance development required to value new types of assets, driving dialogue with asset managers as required.
4. Maintains master list of Just’s requirements for asset managers in respect of asset valuation and reporting.
5. Provides technical expertise to own, develop, and maintain the documentation of the Group’s asset, derivatives and repo modelling methodology, including IFRS Level 3 assets and limited-price-indexation (LPI) linked assets valuations and validations.
6. Owns the technical development and maintenance of the LPI projection model and other market yield curve infrastructure.
7. Owns and maintains a sustainable operating model for illiquid asset valuation and associated independent price verification (“IPV”); Manages the associated asset manager and vendor relationships.
8. Analyses and explains the IFRS Level 3 asset valuation differences between Just Group and asset managers or other vendors supplying valuations where applicable.
9. Provides actuarial/technical expertise to model short-term liquidity risk.
10. Provides technical assistance/actuarial input to other initiatives associated with the Investment Operations function.
11. Assesses and communicates to key asset valuation judgment areas for relevant management, executive and Board committees.
12. Deputy chairs the Asset Valuation Committee.
13. Assists with preparing clear and concise material and presentations, internal papers, approvals and management information, where applicable.
14. Leads dialogue with external auditors regarding asset valuation matters.
15. Develops and maintains an appropriate risks and controls framework for asset valuation processes.
16. Works closely with internal stakeholders, most notably in the areas of Investments, Finance, Actuarial, and Risk, and in particular, supports the regular Investment Operations processes.

Skills & Experience

1. A qualified actuary or equivalent quantitative and professional profile. The ideal candidate would have substantial experience in the Investments, Reporting or Treasury area.
2. Track record of developing practical solutions to complex technical issues.
3. Experience in financial markets, in particular corporate bonds/loans, financial derivatives and repo are highly desirable.
4. Excellent knowledge of fixed income assets, derivatives and repo.
5. Knowledge of Bloomberg and FIS Quantum is desirable.
6. Excellent knowledge of Excel and VBA and potentially other financial modelling software.
7. Excellent problem-solving skills.
8. Good understanding of data management and analysis.
9. Ability to communicate complex ideas and analysis to a less technical audience.
10. Able to take the initiative to identify and solve issues proactively.

Company Benefits

1. A Competitive Salary, Pension Scheme and Life Assurance.
2. Along with 25 Days Annual Leave plus an Additional Day on us for your Birthday.
3. Private Medical Cover and Income Protection, just in case.
4. A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets.
5. Opportunity to progress within your career both in-role and within the company.
6. FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site).
7. A variety of Employee Funded Benefits available to you via our Online Benefits Portal.
8. Plus, several additional purchase options available for you and your loved ones.

About Us

We’re a FTSE 250 Financial Services company who specialise in retirement solutions and right now, our world is moving pretty quickly.

How people work, save, and plan for the future is all changing. A new generation of retirees needs a new kind of retirement company. A company who will look for new ways of doing things – and will always put the customer first.

That’s who we are. We’re a company on a mission: to become a beacon for the entire retirement industry. Because we believe everyone deserves a fair, secure, and fulfilling retirement. And with you on our team, we’re going to make sure they get it.

We’ve built our sustainability strategy around the United Nations Sustainable Development Goals (SDG) and have selected goals where we believe we can make the most difference. By aligning our activity with these global goals, we can make sure we play our part in addressing the wider issues facing the planet and leave a positive legacy to the world.

Diversity, equity and inclusion are priorities for us. Having a diverse, talented workforce with colleagues of different backgrounds, world views and experiences is the right thing to do. It’s also the most effective way to succeed, innovate and better serve our customers now and in the future. We are committed to our targets on gender and ethnicity and run a number of successful mentoring and sponsorship programmes for our colleagues from diverse backgrounds. We have multiple active employee network groups which champion issues including gender, ethnicity, sexual orientation, disability and neurodiversity.

What’s clear about working at Just is that we care. We care about our customers, our purpose, our environment, inclusivity, wellbeing and most importantly - each other. We look forward to welcoming you to the team soon.