Valuation Specialist

Overview:

Valuation Risk is a specialist group within Market and Valuations Risk Management (MVRM) that ensures integrity and control over all aspects of the valuation of the Bank's trading portfolios. The Valuation Risk & Policy (VRP) team, a quantitative specialist arm, manages policies, frameworks, methods, and expert judgments in line with regulations and market best practices. The VRP team collaborates closely with other teams to formulate policies, frameworks, rulebooks, and models that drive the valuation process. The team also guides other Valuation Risk teams on expert approaches for significant and complex items, as well as optimization opportunities for Prudential Valuation Adjustments (Pruval) and fair value reserve charges.

This role involves leading the Mumbai VRP team, covering all asset classes, businesses, and valuation themes (IPV, Fair Value Reserves, Prudential Valuation Adjustments). The candidate must be able to communicate complex concepts both verbally and in writing to risk and finance colleagues, traders, quants, risk managers, and regulators, and be able to defend and/or challenge their validity. This requires the ability to translate complex quantitative problems into simple terms for less technical members of the business.

What Well Offer You:

As part of our flexible scheme, here are some of the benefits youll enjoy:

• Best-in-class leave policy
• Gender-neutral parental leaves
• 100% reimbursement under child care assistance benefit (gender-neutral)
• Flexible working arrangements
• Sponsorship for industry-relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive hospitalization insurance for you and your dependents
• Accident and term life insurance
• Complimentary health screening for employees aged 35 and above

Key Responsibilities:

• Define the people strategy for the VRP Mumbai team, including management, recruiting, retention, and implementation of measures to operate within relevant scorecard metrics.

• Oversee the development and enhancement of Independent Price Verification (IPV), Fair Value Adjustments (FVA), and Prudential Valuation Adjustments (Pruval) methodologies and frameworks for all asset classes.

• provide technical support to the asset-aligned VR teams, including validation of Front Office developed methodologies.
• Ensure adherence to and support the maintenance of key governance documentation such as policies and frameworks.
• Attend and contribute to key internal governance forums, including the Valuation Control Oversight Committee (VCOC), and external regulatory forums.
• Work with Front Office Strats functions and vendors to support the development and maintenance of valuation-related functionality (e.g., IPV, FVA, Pruval methodologies being productionized).
• Represent the Unit towards internal and external stakeholders, maintaining and fostering key relationships.

Leadership Responsibilities:

• Set clear direction for the team in line with overall business strategy, balancing global and regional priorities.
• Manage performance by considering delivery, behavior, and conduct, setting clear role expectations and priorities, promoting individual accountability, and removing impediments to success.
• Ensure team members have regular performance and career development discussions, giving and listening to feedback.
• Build capability for the future by prioritizing succession planning, continuous development, and mobility of high potentials within the team.

You Will Have:

• Extensive experience working in a Finance or Risk Control function, preferably in an Investment Bank or a reputable financial services consultancy firm.
• Excellent technical understanding of complex structured products and the different models used for valuation.
• Understanding of complexities associated with market data and lack of liquidity, such as reliance on proxies.
• Excellent people management skills, including the ability to lead, train, and develop talent, as well as the ability to communicate, present, and influence senior stakeholders.
• Experience managing technical teams, exhibiting global leadership and influence.
• Effective communication skills, with the ability to translate complex quantitative problems into simple terms for a less quantitative audience.
• Ability to generate innovative ideas and challenge the status quo.
• Preferably a strong track record of delivering large, complex change projects/programmes in an Investment Banking environment.
• Proven experience in problem-solving, business and data analysis, and working to tight deadlines while achieving high-quality outputs.

You Will Be:

• Self-motivated, proactive, and an enthusiastic team player with strong organizational skills.
• Experienced in producing detailed analysis to demanding deadlines and clearly communicating the results to senior management and auditors/regulators.
• A leader of change, with the ability to see the big picture, challenge the status quo, and generate innovative ideas.
• Able to recruit top talent, train and motivate your staff, and build a self-sufficient and relevant team that can contribute effectively to the global valuations landscape.
• Consistent with the firms Values and Beliefs in your approach.