The role is focused on delivering valuation regulatory and accounting requirements in two areas across different regional hubs:Day One P&L deferral and Fair Value Hierarchy methodology and process mainly for trading (but also for banking books) and Additional Valuation Adjustment (AVA) model owner role for banking book products (mostly traditional lending instruments such as loans, guarantees, etc) subject to Fair Value (FV) reporting.You will need to address new regulatory requirements on these topics as part to deliver the ‘Valuation Program’, which aims to address new regulatory requirements and higher model risk management expectations in the area of valuation.Over the next few years, you will be responsible for ensuring a successful and timely delivery of this project and play a key role inThe design, development, implementation, testing and roll out to production of IFRS related enhancements across several asset classes. The AVA model ownership for banking book products (e.g. managing the model requirements and model lifecycle as well as model performance monitoring and developing and implementing some of Prudent Valuation (PV) methodologies)Department OverviewThe role is part of the Financial Risk/Trading Risk Management (TRM) department. The department comprises a large global team of market risk, product control, valuation and counterparty credit risk managers & analysts, with expertise in the risk management of financial markets.Team OverviewThe vacancy is in the TRM Valuation team which, amongst others, is the centre of expertise for valuation and product control topics within the bank. It is an international team with an informal and open atmosphere, with team members working across Amsterdam and London, all working together with a strong delivery focus. The team is responsible for setting/designing the valuation framework and implementation of valuation/product control reporting in terms of fair and prudent valuation. After (or in parallel to) the delivery of the program, the team will become responsible for the BAU management of the newly designed processes/activities.Career PotentialThe position offers excellent opportunities to excel in what you do and to broaden your Market Risk and Valuation skills, as well as exposure to a dynamic and agile international working environment across the bank. The candidate will have the opportunity to get an in-depth understanding of both Financial Markets and products as well as the lending business.How to succeedWe hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we back you to develop into an even more awesome version of yourself.To succeed in the delivery of these workstreams, you will need:Build relationships and work together with multiple stakeholders such as Front Office, Finance, Risk, Product Controllers, IT, Development & Validation Quants and market data providers for successful delivery and implementation of re-developed processes/models, ensuring that newly designed methodologies and models are appropriate and their impacts are well understood and agreed.Ability to work with large data sets and systems, in an environment where data & processes are largely fragmented and manually managed.Ensure operational excellence of valuation processes, maximising automation possibilities to provide a robust and compliant operational valuation framework, including delivering IT specifications to implement strategic solutions.Engagement with regulators, auditors and the industry on valuation related items.Qualifications/EducationUniversity degree in Finance/Economics/Econometrics or other science subjects.Experience/Knowledge3 years+ of experience in Finance on one (or more) of the Valuation workstreams described above. Preferably with an understanding of IFRS Fair Value requirements and Prudent Valuation regulation.Understanding the valuation and risks of financial markets products, preferably with experience in one or more business lines (Equity, FX, Credits, Interest Rates, Commodities, XVA). Background on Banking Book instruments (e.g. loans, guarantees, etc) and valuation techniques for less liquid assets.Experience handling large datasets for analysis purposes and proficient Excel usage. Preferably with some programming experience using SQL, Python and/or VBA.Experience in documenting & implementing methodology/modelling requirements in both tactical and strategic IT solutions.Ability to engage and manage expectations of senior management and key stakeholders in large complex programs.Personal CompetenciesConstructive attitude and pro-active team player. Flexible in the scope to be covered to ensure successful ‘team delivery’ over individual priorities.Delivery focus considering agreed timelines, ‘can do’ mentality, positive attitude, and eagerness to learn and get outside your comfort area.Critical thinking and strong analytical skills.Flexible, independent, and creative with focus on delivering pragmatic and feasible solutions.Strong organisational and escalation skills in a fluid and continuously changing environment.Good stakeholder management.Excellent English-language communication skills, both verbal and written.Rewards and benefitsWe want to make sure that it’s possible for you to strike the right balance between your career and your private life and reward our people with a generous benefits offer and employment conditions.Questions?Contact Raluca Danea in our recruitment team for more information about this role. Want to apply directly? Please upload your CV and motivation letter by clicking the “Apply” button.
