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valuations control associate

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City of London, London
Job type:
Date Posted:
20 June 2019
reference number:

Valuations Control - Associate

We are looking for an Associate or a Senior Associate who will assist with the pricing validation for all OTC Derivatives and Securities traded.

The Valuations team is responsible for independently pricing the portfolios of clients in line with their valuation policy, and play a key role in ensuring integrity of the NAV published. Valuations are produced using market data from vendors and internal pricing models, which are then compared to reference valuations to highlight and investigate exceptions.

The successful candidate will have effective interpersonal skills to collaborate with various interdepartmental teams on valuation matters and have knowledge on various asset pricing models. The candidate will have the ability to work independently on a wide variety of tasks and display an aptitude for problem solving. They will assist in the monthly and quarterly tasks in a timely manner, and where necessary escalating valuation issues to Management/client.


* Provide end-to-end valuations across a variety of financial instruments including various OTC derivatives.
* Configure and review the pricing hierarchy and derivative valuation setups in the valuation system, ensuring consistency with the client's valuation policy at all times.

* Be able to generate new ideas, and challenge the status quo, taking ownership to improve efficiency within the valuations team and to help maintain a robust valuation control process.

* Review P&L queries and monthly valuation reconciliations, analysing and commenting on exceptions for the client review.
* To effectively manage client deliverables and prioritise workloads, ensuring NAV tasks have been completed promptly.
* To form good working relationships with internal and external global counterparts (Trade Capture, Fund Accounting, and Securities Pricing, Clients, Counterparties and Vendors).

* To perform yield curve reviews, and assist in projects impacting the valuations business that requires pricing expertise.
* Assist in the periodic Market data vendor due diligence review, tracking performance metrics and analysing data nuances.
* To perform UAT testing new valuation methodologies for new instrument types and provide feedback to quantitative development team

Skills and Knowledge

* Degree in Economics/Finance or another numerical discipline
* Knowledge on financial instruments such as Fixed Income, Interest Rate Swaps, Equity options, FX options, Swaptions, etc.
* Understanding of applied mathematics in derivative products
* Organisational skills with ambition to see projects and deliverables through to completion.
* Ability to perform investigation of pricing discrepancies between various pricing sources
* Knowledge on Bloomberg would be an added advantage
* Be skilled at prioritising, organising and working on multiple clients/tasks
* Possess excellent written and oral communication skills and ability to communicate complex valuation information to diverse audience

Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003