Valuation Analyst - IRFX Linear

Job Description

We are AMS. We are a global total workforce solutions firm; we enable organisations to thrive in an age of constant change by building, re-shaping, and optimising workforces. Our Contingent Workforce Solutions (CWS) is one of our service offerings; we actas an extension of our clients recruitment team and provide professional interim and temporary resources.Our investment banking client has been present in the UK for more than 150 years, theyre a long-term partner to British business. Today, the Group is formed of 10 divisions and employs 9,300 staff based in 21 core locations right across the country. Theirrole is simply stated: help clients achieve their goals by combining local know-how and global reach. In so doing, they seek to make a positive, sustainable contribution to both the UK economy and society.On behalf of this organisation, AMS are looking for a Valuation Analyst - IRFX Linear for a 6-month long contract based in London (hybrid pattern of working).Purpose of the role:The role is focused on delivering permanent supervision duties in relation to the scope covered by the Valuation Risk & Governance team in London, with focus on the economic, fair and prudent valuations used by the business line and the functions. The jobis business line oriented and business line facing. It is organized around a monthly rhythm/cycle where the team is in charge of reviewing the controls performed by some departments involved in the Valuation and the Valuation control processes, namely theProduct Control (involving amongst other the P&L Production, and the industrial independent price verification processes), the Risk teams, the Global Markets teams (Trading and Research departments). The roles objective is to ensure the controls performedat all levels are exhaustive, effective and appropriately documented.As a Valuation Analyst - IRFX Linear, you will be responsible for:

• Ensuring that appropriate controls over valuation-related configurations are adequately maintained by the relevant departments, and are in line with the approved methodologies and internal policies.
• Ensuring that appropriate controls over official market data used in P&L production are in place and that marking is economically fair and compliant with accounting rules and the independent price verification (IPV) policy by liaising with the relevantdepartments performing the IPVs, reviewing, and at times critically analysing monthly IPV results and procedures, and attending Market Data Control Committee meetings (which govern the market data referential and policies).
• Monthly reporting to senior management on the results of month end IPV controls, reserves, DOP, marking differences, and identified marking or control issues.
• Contributing to the Observability review of the market parameters and preparing the discussions and reporting in the Observability Valuation Model committees.
• Contributing to the assessment of the soundness of the Day One Profit Process (DOP) and the balance sheet fair value hierarchy aggregates and related financial disclosures.

What were looking for:

• Good numerical skills
• Good command of Microsoft Excel
• Excellent organisational skills and attention to detail
• Pro-active attitude and the ability to work effectively with deadlines and objectives
• Good communication skills
• Understanding of risk concepts and basic concepts and models in mathematical finance
• Ideally - Experience of working in the financial industry (preferably in risk management or valuation control)
• Ideally - An understanding of Fixed Income products (bonds, swaps, futures, FX swaps, Repos) and Fixed Income-related market data (rates, volatilities, correlations, etc.)

Next steps:If you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and we will contact you with an update in due course. This client will only accept workers operating via an Umbrella or PAYE engagement model.AMS, a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business.