Associate Vice President, Valuation Control GBS

Job Description

• Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
• Independently assess the valuation and associated uncertainty of assets and liabilities within business, specifically continuing the evolution and ensuring the integrity of the IPV and Fair Value reserving processes.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
• Provide thought leadership and take accountability from Bangalore on different initiatives spanning - Technology (SABRE, Aspire, Razor, Stride), Regulatory (IBOR, ViR ).
• Design, develop and evolve the methodologies to optimize the Prudential Valuation and stress Prudential Valuation framework. Ensure a robust PVA framework.
• Research market best practice and keep abreast of the evolving issues e.g. XVA that affect the valuation of the Rates business.
• Review the work for junior members of the team and ensuring the team follows robust controls and governance framework.
• Design, implement and maintain policies and procedures for model risk, calibration risk and implementation risk reserving.
• Set appropriate tone and expectations from team members and work in collaboration with risk and control partners.
• Employ, engage and retain high quality people, with succession planning for critical roles.
• Review and presentation of monthly valuation packs for Finance Committees and FO.
• Lead through example and build the appropriate culture and values.
Key Stakeholders
• Manage relationship with internal stakeholders, take regular feedback, anticipate and understand issues and escalate appropriately for timely resolution.
• Manage strong relationship with support teams (IT, Operations and Risk) and bring synergies by interacting and integrating with cross functional teams.
• Regular face off with Traders, Product Control Management, Regional finance team and various internal stakeholders.
• Act as a point of reference for team members and internal clients.
People Responsibilities
• Maintaining a pleasant workplace environment which is motivating and enables high performance within team.
• Monitoring people performance, providing timely feedback, performing annual and mid-year appraisals (including people development, pipeline / skills monitoring, and training programs).
• Leverage upon knowledge and skills sitting with other teams at same location or similar team sitting across the globe.
• Enable movement of people as and when required to manage resourcing across Product Control.
• Minimise dependency on key people by cross training and succession planning.
• Manage leaves and attrition, create enough backup / cross trainings.
• Manage career and growth expectations of people.
Our Ideal Candidate
• Educated to degree level; preferably with a Finance / Business OR Financial Engineering background or Masters degree in a quantitative subject with 6 years of professional experience in a financial service industry.
• Strong interpersonal communication skills to build an effective internal network across the numerous stakeholders.
• Strong Control mindset. Strong Product knowledge at across the core business products.
• Strong interpersonal, communication (verbal and written) and negotiating skills.
• Strong quantitative analytical skills and understanding of financial products.
Role Specific Technical Competencies
• Financial Markets
• Treasury knowledge
• Accounting and IFRS knowledge
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Keyskills :
business developmentproduct controlanalytical skillsproduct knowledge