Assistant Vice President – Valuations – Rates & Credit Black Turtle

The Corporate Institute; Hinoba-an; On-site; PHP 795,000 - 1,193,000; Full time

Job summary

The Corporate Institute in Mumbai Goregaon seeks an experienced professional to lead Independent Price Verification, valuation controls and market-data analysis for complex products including bonds, loans, and swaps.

You will own models, drive improvements, and collaborate with product control and risk management teams to ensure pricing accuracy and operational efficiency.

Qualifications

• Several years of experience within Valuation / Market Risk departments of a large investment bank.
• In-depth knowledge of Credit, Rates, or Currency markets.

Responsibilities

• Perform IPV (Independent Price Verification), FVA reserves, and valuation computations for bonds, loans, swaps, and other derivatives.
• Report pricing variance drivers and validate market data from multiple sources (Bloomberg, Reuters, Markit, brokers).
• Own processes and models, understanding underlying financial concepts, and implement improvements as needed.
• Increase process efficiency by automating manual steps in collaboration with CTB.
• Liaise with product control, risk management and quantitative teams on valuation issues.
• Ensure controls for completeness and accuracy, adhering to SOPs.

Skills

Valuation / Market Risk experience

Strong communication

Tools

Excel

VBA

Python

Reuters/Bloomberg/Markit data

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.