Valuations Manager - VP - Credit Trading - Tier 1 Investment Bank

We are a Tier 1 Investment Bank based in the City looking for a Credit Trading Valuations Manager.

You will be responsible for the valuation function for the EMEA Credit Trading business unit. Products covered include high grade and high yield bonds and loans, CDS, fixed income, credit indices, vanilla and exotic equity products, distressed debt, and various other structured and vanilla products that trade in and outside of the credit markets. The job is based in London.

Responsibilities will include:

- Analysis of Markets, P&L and Risk on a daily basis with understanding of factors that drive valuation and risk
- Building/automating a price verification/benchmarking process including the calculation of fair value adjustments
- Owning the relationship between the trading desk and valuation group
Provide business advisory on valuation issues related to large concentrations, revenue on new deals/complex transactions
- Re-engineering of fair value adjustments, including the review of concentrated/illiquid positions, complex transactions, market events effecting valuation
- Oversee the review and analysis of non-standard transactions
Review and approval of new model releases as it relates to valuation
- Enhance existing control framework including reviewing independent pricing processes, assessing potential coverage developments and implementing new tools to enhance control efficiency;
- Working with Trading, Middle Office, Finance and Model Review to continually monitor the various valuation risks of the business and implement appropriate adjustments
- Other value-added projects related to Business, Risk, and Finance initiatives.

The ideal candidate will be from a Credit background and have the ability to understand complex products.

If you feel you have the relevant skills and experience then send your CV wit a cover letter to Chaeli Coverdale-Smythe - chaeli.cs@ingram-mayet.com or call 020 7653 1965.

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