Validation Expert

5 days ago

Mumbai, Maharashtra, India beBeeTagging Full time
Product Tagging Specialist

The Product Tagging Validation Specialist plays a pivotal role in ensuring the accuracy and efficiency of product name validation across all asset classes globally.

  • This role is responsible for validating the product name assigned to trades, which determines model appropriateness and classification for various reporting processes.
  • As part of the Valuations Control team, this role ensures that DB-approved valuation models are used for pricing/risk generation, interacting with Front Office, Global Model Validation Group, Pricing Analytics, Group Audit, and Global Technology teams.
  • In addition to tag validation, the team calculates FV Reserves due to model limitations/deficiencies and provides transparency on IFRS leveling.
Your Key Responsibilities
  • Analyse products and trade bookings to determine the logic required to automatically determine product type and features.
  • E nsure db-approved product-model combinations are used, identify exceptions, and work with stakeholders towards remediation.
  • Engage with IPV business-aligned teams to provide visibility on exceptions, calculate model limitation/deficiency reserves, and/or appropriate IFRS levellings.
  • Enhance the BAU process by improving validation efficiency and accuracy, ultimately converting it from a monthly to a daily process.
  • Work with developers to implement validation logic to ensure consistent application and sufficient documentation.
  • Remediate product tagging and definition issues with Trading and Strats to improve the Model Risk Control environment.
  • Manage operational risk by documenting processes and cross-training staff.
  • Develop technical expertise to face-off against technical experts in divisions outside of Business Finance.
  • Produce presentations and communicate progress to Auditors and Regulators.
Required Skills and Qualifications
  • Previous experience working with banking products and understanding how they're booked.
  • Experience dealing with Front Office business leaders.
  • Pricing and modeling of derivative products.
  • Knowledge of front-to-back architecture of Investment Banks.
  • Programming experience in SQL, C++, Python an advantage.
Education and Qualifications
  • Degree 2.1 or above (or equivalent).
  • ACA, CIMA, CFA, Relevant Masters Degree.
  • Strong derivatives product knowledge.
  • Control-focused, deadline-oriented, team player with high attention to detail.

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