Valuation Control Group

The Valuation Control Group (VCG) is organized along business lines including Corporate & Investment Bank (Macro Products, Credit, Equities, Securitized Products, IB Risk), CIO, Treasury & Corporate (CTC), Asset Management, Consumer & Community Banking (CCB) and Commercial Banking (CB). Clients of the group include senior management, business heads, regulators, and both internal and external audit.

Summary:

• Execute price verification/benchmark process including the calculation of fair value adjustments
• Assist with various VCG established practices and control initiatives as well as perform necessary work relating to management reporting, regulatory mandates and consistency within the broader VCG framework
• Partner with various functional groups on valuation related issues and develop/implement appropriate measures with the goal of ensuring fair value
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  Enhance existing control framework including reviewing independent pricing processes, assessing potential coverage developments and implementing new tools to enhance control efficiency
• Other value-added projects related to Business, Risk, and Finance initiatives

Requirements:

• 7+ years of related experience
• Undergraduate degree with finance and economics major preferred
• Graduate degree with finance, economics, mathematics, engineering a plus

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• Ability to understand complex products, and analyze transaction and process flows
• Work experience in financial industry a plus
• Understanding of valuation concepts as they pertain to financial products and derivatives, basic accounting knowledge
• Analytical and quantitative aptitude. Candidates with quantitative backgrounds preferred
• Strong verbal and written communications skills
• Experience with Advanced Excel, PowerPoint, Visual Basic, automation and database skills a plus
• Ability to prioritize multiple tasks efficiently