Assistant Vice President – Valuations – Rates & Credit Black Turtle

The Corporate Institute; Mumbai; On-site; INR 3,000,000 - 5,000,000; Full time

Benefits offered by this job

Training and development

Coaching and support from experts

Flexible benefits

Job summary

The Corporate Institute in Mumbai invites an experienced professional to join our valuation and market risk team. You will lead IPV, FVA, and prudential valuations across bonds, loans, swaps, and securitized products, ensuring accurate pricing and robust data governance.

With 7–11 years of relevant experience, you will automate processes, validate data sources such as Bloomberg and Reuters, and collaborate with product control and risk management to strengthen modelling and controls.

Qualifications

• 7–11 years experience in Valuation or Market Risk
• Exposure to IPV, reserving, pricing and modelling in valuation control of trading businesses preferred
• Good communication skills and ability to work with cross-functional teams

Responsibilities

• Perform IPV, FVA reserves, fair value levelling and Day1 PNL assessments for bonds, loans, swaps and derivatives.
• Report pricing variance drivers and validate market data from sources like Bloomberg, Markit Totem, Reuters.
• Own processes and models, implement improvements, and coordinate with stakeholders to increase efficiency.
• Automate manual steps to improve process efficiency and support other teams during contingencies.
• Collaborate with product control, risk management and quantitative teams on valuation and modelling issues.
• Ensure controls around processes for completeness, accuracy, and SOP adherence.
• Discuss IPV, FVA results with regional teams and desk stakeholders.
• Participate in strategic and ad-hoc projects as needed.

Skills

IPV

Valuation modelling

Market risk knowledge

Communication skills

Tools

Excel

VBA

Python

Reuters

Bloomberg

Markit

Job description

Experience: 7 – 11 years max.

Location: Mumbai Goregaon.

Skillset: Experience in CORE IPV with rates and credit product – Hands on recent 4+ years experience.

Note: NOT LOOKING FROM securitized / unsecuritised product experience.

Your key responsibilities:

• – Perform the IPV (Independent Price Verification), Fair Value adjustments (FVA reserves), Fair Value Hierarchy levelling, Day1 PNL assessment, Prudential Valuations (Pruvals) calculations of products such as Bonds, Loans, Swaps, Securitized Products, Derivatives (including Forwards, Options and CDS), FX, IR Swaps, Swaption, Inflation Swaps, Inflation Options, other Interest Rates products etc.
• – Report and provide analysis of pricing variance drivers, perform due diligence on the reliability of market data from multiple sources such as Bloomberg, Markit – Totem, brokers and other independent sources.
• – Take ownership of the process and models, thoroughly understand the underlying financial and mathematical concepts, and make change / improvements, in consultation with other stakeholders, if situation warrants.
• – Increase the process efficiency by automating manual steps in the processes. Co – ordinate with CTB to increase efficiency.
• – Develop strong relationships with product control, risk management and quantitative departments on valuation and modeling issues.
• – Ensure controls around processes such as completeness and accuracy, and adherence to key operating procedure.
• – Discuss IPV, FVA reserves, Levelling and Prudential Valuations results with regional Valuation Teams, Desk and other stakeholders.
• – Be involved in Strategic, Tactical / ad – hoc projects / investigation requests from Stakeholders.
• – Ensure proper back – ups are created and assist other teams during contingencies (Staff shortage, high volumes etc). Create / modify / update the supporting documentation like KOP / SOP etc.

Your skills and experience:

• – Ideally the candidate will have several years of experience within the Valuation / Market Risk departments of a large investment bank with in – depth knowledge of Credit, Rates, or Currency markets.
• – Specific exposure to IPV, reserving, pricing and modelling aspects of valuation control of trading businesses is preferred.
• – Good working knowledge of Excel, VBA and possibly Python, hands – on experience of market data providers including Reuters, Bloomberg, ISMA and Markit.
• – Good communication skills.

How we’ll support you:

• – Training and development to help you excel in your career.
• – Coaching and support from experts in your team.
• – A culture of continuous learning to aid progression.
• – A range of flexible benefits that you can tailor to suit your needs.