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VCG Equities Associate
Ref No.: 17-03632
Location: New York, New York
Position Type:Full Time
Pay Rate : $ 80,000.00 - 110,000.00 /Year

Our Group
The Valuation Control Group (VCG) has Firmwide ownership of the policies for Independent Price Verification and Fair Value Adjustments for all traded instruments to ensure that the Firm's risk positions reflect Fair Market Valuation. In this respect, VCG does the following:
Price-tests all instruments to independent data sources, typically consensus data.
Implements Fair Value Adjustments to bring mid-prices to Fair Value, to reflect illiquidity, concentration and/or uncertainty
Develops methodologies for Price-testing and Fair Value Adjustments
Reviews Approximately Loaded trades in conjunction with Middle Office and the Model Governance groups
Escalates Valuation Issues to Senior Business and Finance stakeholders
Defines and implements Fair Value Hierarcy for the classification of instruments
Our team
The Equity Americas team in VCG is responsible for Valuation Control for all desks in the Equities business, for the US and Latin America. The team covers a broad array of products including equity vanilla and exotic options, financing derivatives, equity swaps, and equity hybrids. The Americas team has seven members; the global team has 22 members.

Key Responsibilities:
Play a key role in providing Price-testing and Fair Value Adjustments for Equities businesses.
Engage with stakeholders to establish policy for Independent Price Verification and Fair Value Adjustments
Partner with Market Risk, Quant Research, and Model Governance Group on issues regarding risk, reserves, modelling, and valuation
Assist with other Finance responsibilities within VCG including FAS 157 fair value classification and financial closings
Enhance existing control framework by reviewing processes, tools, and coverage
Discuss results with traders, providing support for conclusions and escalating as necessary
Review new approximate load trades, and provide approval where appropriate
Participate in testing of new applications prior to their release to support our function


Motivated individual with an interest in, and apititude for, complex financial products.
Product knowledge in the valuation of derivatives is required. Capacity to understand complex products, and analyze transaction and process flows
Experience in trading, quant research, or a control function would be appropriate for the role
Candidates with quantitative backgrounds preferred
Bachelor's degree in finance/mathematics
Advanced Excel skills are required. Experience with Visual Basic and Access preferred.
Verbal and written communications ability. Comfortable leading and discussing issues with Trading & Senior Management is required.
Sound decision-making skills and a propensity to handle multiple tasks simultaneously and efficiently