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Equities Product Control Valuations Manager

Job Title: Equities Product Control Valuations Manager
Contract Type: Permanent
Location: Hong Kong
Industry:
Reference: 1_090519
Contact Name: Andrew Tsang
Contact Email: andrewtsang@aquissearch.com
Job Published: May 09, 2019 10:28

Job Description

A leading global bank is looking for an Equities Product Control Valuations Manager for their Hong Kong office.

Principal responsibilities

  • Perform valuation adjustments, such as Independent Price Verification, Bid Offer, Model uncertainty, other Fair Value Adjustment, and Prudent Valuation Adjustment, in accordance with global valuation guidelines for all business line in equity asset class, mainly Prime Finance and Equity Derivative, regardless of the trading book location, like Hong Kong, Paris, London, and New York.
  • Ensure accurate and timely computation of reserves and controls.
  • Work in collaboration with Global Valuation Group team members in Hong Kong to run and establish fair value adjustments.
  • Ensure good communication and developing a strong relationship with Trading, Independent Model Review, Market Risk Management, Product Control Analytics and Development and Consensus providers such as Totem.
  • Promote global use of tools and methodologies across sites, in particular, Hong Kong and Paris, through the implementation of Fair Value Adjustment and Independent Price Verification into a strategic tool.
  • Enhance existing framework by reviewing current processes
  • Work effectively with the equity valuation team located in Paris, Krakow and New York.
  • Encourage efficient and streamlined processes across valuation group.
  • Streamline and optimise Front to Back processes to ensure an effective, efficient and robust control framework.
  • Ensure well controlled and accurate valuation reserves.
  • Proactively improve and automate current processes.
  • Create and maintain relevant documentation.

Requirements

  • Higher Degree with a strong numerical and quantitative background, for example, Mathematics, Financial Engineering or similar.
  • Strong experience in Valuation Control or Product Control. Previous experience in Equity Derivatives is preferred.
  • Excellent written English and oral communication skill.
  • Strong IT skill required including experience with VBA, SQL, Microsoft Access.
  • Good understanding of vanilla and complex derivatives products, market risks and pricing parameters.
  • Great interpersonal skills, including the ability to articulate key quantitative issues in an understandable way.
  • Good appreciation of regulatory guidelines, rules, requirements.
  • Ability to understand complex concepts.

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