Senior Analyst/Manager- Valuation

Arcesium LLC; Gurugram District, Hyderabad; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

Arcesium LLC is seeking a Senior Analyst/Manager for its Valuation team in India. You will build and calibrate pricing models for CDS, IRS, bonds, and inflation swaps, and independently verify client portfolios against market benchmarks.

You will collaborate with trading, risk, and technology teams to enhance the valuation library and automate workflows using Python/SQL-based tooling.

Qualifications

• 3–6 years in valuation, IPV, or quantitative risk in finance.
• Strong knowledge of derivative pricing and fixed income mathematics.
• Hands-on pricing model experience for CDS/IRS/bonds/inflation swaps.
• Proficiency in Excel/VBA; Python and/or SQL for automation.
• Degree in Finance, Financial Engineering, Math, Stats or Economics.

Responsibilities

• Build and maintain pricing models for CDS, IRS, bonds and inflation swaps.
• Perform IPV, compare internal marks with market data, document variances.
• Calibrate yield/crv curves and validate model outputs against benchmarks.
• Prepare valuation hierarchy analysis and support governance processes.
• Collaborate with trading, risk, product control, and tech teams to automate workflows.

Skills

Independent pricing

Valuation modelling

Fixed income mathematics

IPV and reconciliation

Communication of complex concepts

Education

Finance/Financial Engineering/Mathematics degree

Tools

Excel/VBA

Python

SQL

FinCad

Bloomberg BVAL/Refinitiv

Job description

Arcesium is a global financial technology firm that solves complex data-driven challenges faced by some of the world’s most sophisticated financial institutions. We constantly innovate our platform and capabilities to meet tomorrow’s challenges, anticipate the risks our clients encounter, and design advanced solutions to help our clients achieve transformational business outcomes.

Financial technology is a high-growth industry as change and innovation continue to disrupt the status-quo and prompt major transformation. Arcesium is at a particularly interesting time in our own growth as we look to leverage our successfully established market position and expand operations in pursuit of strategic new business opportunities. We value intellectual curiosity, proactive ownership, and collaboration with colleagues, and we empower you to meaningfully contribute from day one and accelerate your professional development.

We are looking for a Senior Analyst/Manager to join our Valuation team. In this role, you will build, calibrate, and maintain pricing models across complex asset classes — including credit default swaps (CDS), interest rate swaps (IRS), fixed income bonds, and inflation swaps and independently verify the fair value of client portfolios against market and model benchmarks. This is a high-visibility, individual-contributor role with direct exposure to trading desks, risk managers, and fund controllers at our client organizations, and with room to grow into a review/mentoring capacity

What you'll do:

• Design, build, and maintain independent pricing models for CDS, IRS, government and corporate bonds, and inflation swaps (zero-coupon and year-on-year), incorporating appropriate curve construction, discounting, and day-count conventions.
• Perform daily, weekly, and month-end Independent Price Verification (IPV) by comparing internal/front-office marks against independent market data sources (e.g., Bloomberg BVAL, IHS Markit, ICE Data Services, Refinitiv) and internally derived model prices.
• Investigate and resolve pricing breaks and tolerance exceptions; document root causes, assumptions, and remediation in line with the firm's valuation policy. Provide explanation of PNL attributable to different components of pricing.
• Calibrate and stress-test yield curves, credit curves (hazard-rate stripping), and inflation curves used across the pricing library; validate model outputs against theoretical and market benchmarks.
• Prepare valuation reserve and fair-value hierarchy (ASC 820 / IFRS 13) analysis and support quarterly valuation committee packs for client funds.
• Partner with trading, risk, product control, and technology teams to enhance and automate the valuation model library, improving accuracy, coverage, and turnaround time.
• Support internal and external audit, regulatory, and client due-diligence requests by providing clear, well-documented explanations of pricing methodology.
• Contribute to process improvement and automation initiatives, including migrating manual valuation workflows to Python/SQL-based tooling.
• Rates & Credit Derivatives: Interest rate swaps, basis swaps, swaptions, credit default swaps (single-name and index), total return swaps.
• Inflation Products: Zero-coupon and year-on-year inflation swaps, inflation-linked bonds.
• Fixed Income: Government and corporate bonds, floating rate notes, convertible bonds, and other cash instruments.

What you'll need:

• 3–6 years of experience in valuation, independent price verification, product control, or quantitative risk — at an investment bank, hedge fund, asset manager, fund administrator, or independent valuation vendor.
• Strong working knowledge and application of derivative pricing and fixed income mathematics: discounting/OIS curves, curve bootstrapping, hazard-rate models for credit, and inflation curve construction.
• Hands-on experience building or maintaining pricing models for at least two of: CDS, IRS, bonds, or inflation swaps.
• Proficiency in Excel/VBA; working knowledge of Python and/or SQL for model development and automation.
• Bachelor's or Master's degree in Finance, Financial Engineering, Mathematics, Statistics, Economics, or a related quantitative finance field.
• Excellent analytical, written, and verbal communication skills, with the ability to explain complex valuation concepts to non-technical stakeholders.
• CFA, FRM is big plus
• Familiarity with third-party pricing and analytics platforms such as Bloomberg (BVAL), IHS Markit.
• Prior experience with fair value hierarchy classification (ASC 820 / IFRS 13) and valuation governance frameworks.
• Hands-on experience with FinCad is a strong advantage
• Experience working directly with buy-side clients (hedge funds, asset managers) or within a fund administration / valuation control environment.

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Arcesium is an equal opportunity employer.