Vice President Product and Valuation Controller

A leading global financial institution is seeking a Vice President Product and Valuation Controller to join their London-based Product Control team. This pivotal role offers you the opportunity to take ownership of independent valuation oversight and control for the trading balance sheet, while also supporting P&L reporting processes. You will be a key partner to Front Office and Risk teams, providing insight and challenge on valuations and fair value reporting.

What you'll do:

• Own the valuation control process and fair value reporting for the trading balance sheet, ensuring robust oversight and compliance with internal policies.
• Perform and oversee Independent Price Verification (IPV) processes to ensure accurate valuations across all relevant products.
• Review and challenge Front Office valuations, market data inputs, and applied valuation methodologies to maintain high standards of integrity.
• Investigate and resolve valuation differences as well as IPV exceptions by collaborating with stakeholders across multiple departments.
• Review and calculate various valuation adjustments including CVA, DVA, FVA, MVA, Prudent Valuation Adjustments (PVA), ensuring comprehensive coverage.
• Assess the impact of new products, model changes, and market developments on existing valuation frameworks.
• Support governance activities related to valuation reserves and frameworks by maintaining up-to-date policies and procedures.
• Provide detailed analysis of valuation assumptions and model outputs while producing metrics and Key Risk Indicators (KRIs) for monthly stakeholder packs.
• Assist with daily P&L reporting, analysis/attribution, partnering with P&L controllers to investigate queries as needed.
• Lead process improvement initiatives focused on automation and control enhancement within the Product Control function.

What you bring:

• Professional accounting qualification such as ACA, ACCA or CIMA is required for this position.
• Demonstrated expertise in valuing cash products, derivatives, financial markets instruments, and risk drivers gained through hands-on experience.
• Comprehensive background in Product Control covering both Valuation Control responsibilities as well as P&L reporting processes.
• In-depth understanding of Independent Price Verification (IPV), valuation reserves management, and governance frameworks related to fair value reporting.
• Advanced knowledge of XVA concepts including CVA (Credit Valuation Adjustment), DVA (Debit Valuation Adjustment), FVA (Funding Valuation Adjustment), MVA (Margin Valuation Adjustment).
• Exceptional analytical abilities combined with problem-solving skills that enable you to deliver insightful presentations at Townhalls or stakeholder meetings.
• Proven track record of driving process improvements focused on automation initiatives within finance or product control environments.
• Excellent Excel skills are essential; proficiency in Power BI or Alteryx would be advantageous for handling large datasets efficiently.
• Strong stakeholder management capabilities coupled with collaborative communication style that fosters trust among colleagues.

Apply today by clicking on the link provided.

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