VP, Derivatives Valuation & P&L Control

Sumitomo Mitsui Financial Group, Inc.; City Of London; Hybrid; GBP 80,000 - 120,000; Full time

Benefits offered by this job

Hybrid working

Competitive paid leave

Private medical & life insurance

Learning & development opportunities

Ambitious remuneration package

Job summary

SMBC Group in London seeks a Product Controller to oversee valuation control for the trading balance sheet and support IPV processes. You will challenge Front Office valuations, monitor market data and XVA methods, and contribute to fair value reporting within a collaborative, high-caliber team.

The role offers hybrid working, broad governance responsibilities, and opportunities to drive improvements across valuation processes and monthly reporting, with a competitive benefits package.

Qualifications

• Strong valuation knowledge of cash products, derivatives, financial markets and risk drivers.
• Product Control experience covering both Valuation Control and P&L.
• Strong knowledge of IPV, valuation reserves and valuation governance.
• Good understanding of XVA concepts (CVA, DVA, FVA, MVA).
• Experience driving process improvements, controls and automation initiatives.

Responsibilities

• Ownership of valuation control and fair value reporting for trading balance sheet.
• Perform and oversee Independent Price Verification (IPV) processes.
• Review and challenge Front Office valuations, market data and valuation methodologies.
• Investigate and resolve valuation differences and IPV exceptions.
• Review and calculate valuation adjustments including: CVA, DVA, FVA, MVA, PVA.
• Assess valuation impacts arising from new products, model changes and market developments.
• Support valuation governance and valuation reserve frameworks.
• On going maintenance of related policies and procedures.
• Provide analysis and challenge of valuation assumptions and model outputs.
• Producing metrics and KRIs for stakeholder and contribution to the monthly valuation packs.

Skills

Valuation knowledge

IPV and P&L

Stakeholder management

IFRS/JGAAP basics

Power BI

Education

Professional accounting qualification

Tools

Alteryx

Job description

SMBC Group in London seeks a Product Controller to oversee valuation control for the trading balance sheet and support IPV processes. You will challenge Front Office valuations, monitor market data and XVA methods, and contribute to fair value reporting within a collaborative, high-caliber team.

The role offers hybrid working, broad governance responsibilities, and opportunities to drive improvements across valuation processes and monthly reporting, with a competitive benefits package.