Independent Price Verification Prudent Valuation Manager

NatWest Group; City Of London; On-site; GBP 125,000 - 150,000; Full time

Job summary

A leading financial services provider in the City of London is seeking an Independent Price Verification Prudent Valuation Manager to oversee independent price verification and prudent valuation processes. This role requires strong analytical and technical skills, as well as experience in market valuation processes. Candidates should have a degree in a numerate discipline and familiarity with derivative valuations. Join us to thrive in a diverse and dynamic environment.

Qualifications

• Knowledge of the market and strong pricing and valuation knowledge.
• Robust technical background in derivatives valuation.

Responsibilities

• Perform independent price verification and prudent valuation.
• Assist with strategy, design, execution, and delivery of IPV and PruVal solutions.
• Supervise monthly IPV and PruVal processes and reporting.

Skills

VBA

SQL

XML

Analytical skills

Communication skills

Problem solving

Education

Degree in a numerate discipline

Job description

Join us as an Independent Price Verification Prudent Valuation Manager

• We’ll look to you to perform independent price verification (IPV) and prudent valuation (PruVal) on behalf of franchise businesses within the Group
• You’ll be supporting with the design and execution of IPV across the suite of vanilla and exotic products
• Gain valuable exposure and hone your technical expertise as you advance your career in this challenging role
• We thrive through diversity and value the variety of backgrounds, perspectives and opinions in the room – and if you value this too, there’s a place for you with us

What you'll do

As an IPV Prudent Valuation Manager, you’ll be assisting with the strategy, design, execution and delivery of the IPV and PruVal solution and supervising the monthly IPV and PruVal process. You’ll also be managing the reporting of IPV, performing monthly price verification and the PruVal process and assisting with monthly review meetings with key stakeholders. You'll also address model and valuation limitations through reserve and valuation adjustment calculations.

You’ll also be:

• Providing valuation analysis and consolidation of price testing information
• Supervising Valuation in Resolution (ViR) dry runs, including design and review of ViR methodologies
• Developing, implementing and documenting reserving and independent pricing methodologies
• Supervising quarterly prudential valuation adjustments disclosuresIdentifying control enhancements and delivering process improvements and automation by working closely with technology teams
• Supervising regulatory reports including SOX and audit
• Working on strategic change projects and addressing regulator recommendations

The skills you'll need

To succeed in this role, you’ll need knowledge of the market, along with demonstrable technical skills and strong pricing and valuation knowledge. You’ll also need a robust technical background with a degree preferably in a numerate discipline, and a strong understanding of derivative valuation.

In addition, you’ll demonstrate:

• Good IT skills such as VBA, SQL and XML
• Strong analytical skills
• Strong communication skills and the ability to present and discuss complex issues
• Problem solving skills and flexibility to adapt to rapidly changing business events
• The ability to build relationships with senior members within the business