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V&RC Fixed Income Valuation Analyst
Ref No.: 17-00499
Location: New York, New York
Position Type:Contract
Title: V&RC Fixed Income Valuation Analyst
Location: New York 10019
Duration: 6 Months contract

Business Overview:
Valuation & Risk Control (V&RC) is a global function part of ITO Global Markets and under Global Markets Product Control department, whose main missions are:
  • In conjunction with Risk-GM (Market Risk), to independently verify and report on the accuracy of market parameters used in the preparation of GECD P&L and Collateral Valuation (IPV – Independent Price Verification).
  • To monitor the trading activity based on common standards and the responsibilities and authorities defined in the trader mandates.
  • In support of trading management, to monitor "local” risk limits and ensure adherence to Trader Mandates.
  • In conjunction with Risk-GM, to ensure that the use of models, parameter sets and calibration parameters is in line with approved set ups.

The analyst's role and responsibilities comprise of the following:
  • Perform the independent price verification across varied Rates / Fixed Income products and activities.
  • Clearly communicate IPV results to stakeholders and produce accurate reports highlighting coverage and analysis of IPV result.
  • Enhance existing procedures and process documentation

Candidate will:
  • Work within a limited time frame as part of a team and produce accurate month-end corrections. This might require discussion and timely conclusions with the Front Office and Risk-GM related to the quality and accuracy of the reviews.
  • Maintain good working relationships and communication with other Product Control teams, Front Office, Finance and Risk-GM.
  • Maintain clear and thorough records of all controls and be prepared to present and explain to audit
  • Contribute to initiatives within the V&RC function, both within the region and in other locations.
  • Adherence to Global V&RC Policies and Procedures and raise issues to management when practices are inconsistent or unable to be followed.

Required Qualifications:
  • Undergraduate degree in Finance, Economics or one of the hard sciences.
  • 2 to 3 years of relevant industry experience dealing with valuation and IPV.
  • Knowledge of Fixed Income products and their valuation.
  • Good IT skills mainly VBA, Excel, Word, PowerPoint.
  • Ability to interact confidently at all levels.
  • Strong written and verbal communication skills.
  • Attention to detail is essential especially when under pressure and time constraints.
  • Ability to see the large picture and the impact the work has on the business.
  • Work cooperatively as part of a team across V&RC both locally and globally.