Valuation Control Analyst: Fixed Income (IPV)

Lorien; Greater London; Hybrid; GBP 65,000 - 90,000; Full time

Job summary

Lorien is recruiting for a Valuation Control Analyst (Fixed Income) in London on a 12-month contract. You will own IPV reviews, challenge valuation drivers with Front Office, and deliver timely KPI reporting. The role requires strong Excel/VBA skills and experience in valuations, IPV or risk within financial services.

Hybrid on-site work with a minimum 50% in the office, interacting with Risk, Finance and auditors while building robust SOPs and efficiency improvements.

Qualifications

• Experience in Valuations, IPV, P&L or Risk teams within financial services.
• Solid understanding of Fixed Income products and their risks.
• Strong Excel skills with ability to debug complex spreadsheets.
• Ability to read and modify VBA code and enhance it.
• Confident communication with Front Office and risk teams under pressure.
• Attention to detail and independent working style.

Responsibilities

• Own and deliver monthly IPV reviews across products and lines.
• Investigate drivers of valuation differences and escalate as needed.
• Engage with Front Office, Risk, Finance, auditors and management.
• Produce KPIs and ensure accurate submissions to pricing providers.
• Maintain SOPs and drive process improvements.
• Support team coverage and contribute to larger initiatives.

Skills

Valuation/IPV experience

Fixed Income knowledge

Excel formulas

VBA debugging

Communication skills

Attention to detail

Education

Finance-based degree

Tools

Excel

VBA

Python (Desirable)

Job description

Valuation Control Analyst: Fixed Income (IPV)Location: London (hybrid, minimum 50% onsite)
Contract: 12 months
Sector: Investment Banking, Global Markets Operations

The opportunity

A leading international investment bank is looking for a Valuation Control Analyst to join its Fixed Income team in London on a 12-month contract. Valuation Control is a global, second-line control function that independently verifies, analyses and reports on the market parameters used to value the bank's trading positions.
You will take ownership of a monthly cycle of independent price verification (IPV) reviews across a range of products and business lines. This is a hands‑on role with direct exposure to the Front Office, Risk, Finance and auditors.

Key responsibilities

• Independently own and deliver a set of allocated monthly IPV (MAP) reviews to tight deadlines
• Investigate the drivers behind valuation differences and escalation issues to the appropriate teams
• Engage with the Front Office, Risk, Finance, auditors and management on issues and improvements
• Produce accurate and timely KPIs, highlighting IPV coverage and results
• Ensure accurate submissions to an external consensus pricing provider
• Maintain clear and accurate standard operating procedures (SOPs)
• Challenge existing processes and recommend improvements that strengthen control and efficiency, then implement them once approved
• Learn and support other processes to provide team coverage
• Deliver medium-sized projects and contribute to larger team initiatives
• Build strong working relationships with Product Control, Front Office, Middle Office, Finance and Risk

About you

Essential

• Experience in Valuations, IPV, P&L or Risk teams within financial services
• Solid understanding of Fixed Income products and their associated risks
• Strong Excel skills, particularly formulas, with the ability to understand and debug complex spreadsheets
• Ability to open, read and understand VBA code, and to debug and enhance it where needed
• Confidence interacting with the Front Office and challenging them credibly, using their language and understanding the risks they run
• Strong written and verbal communication skills, with the ability to engage at all levels
• Excellent attention to detail under pressure and tight deadlines
• Able to pick up a process, understand it quickly and work independently, as well as part of a team
• Practical, solutions-focused approach, able to find quick workarounds

Desirable

• Finance-based degree, ideally with a strong mathematical background
• Python skills
• Strong grounding in financial mathematics and market practice
• Exposure to asset classes beyond Fixed Income