• 25 August 2010
• Reference: JR213048

• Model Valuation Controller

• City of London GBP60,000 - GBP75,000 p/a Permanent

Our client, a leading Investment Bank are currently seeking a Model Controller to join their Valuations team, which is part of the Finance. They are responsible for all valuation control issues.

The candidate will report into the head of Model Control and Quantitative Support. This team covers both the Interest Rate and Currency, Commodities and Equity areas from a Model Control and Model Application Review perspective.

Responsibilities include:
* Proactive in raising valuation risk issues to appropriate finance senior management and take the lead in coordinating solutions in partnership with the Business Unit Controllers, front office Quantitative Modeling group, Market Risk Department and other groups, as required
* Signoff new models developed by the front office Quantitative Modeling Group. Signoff requires reviewing adequateness of the documentation and determining appropriateness of the valuation methodology; ensuring mark review processes can be established by Valuations for the products to be valued with the new models
* Design mark review processes and provide technical expertise to the Valuation team within this context.
* Provide technical assistance to Valuations on the implementation and coordination of valuation and valuation adjustment methodologies.

To be considered for this role, the ideal candidate will be educated to a degree level (Equivalent to)with extensive experience in the financial institutions industry, knowledge of arbitrage-free pricing theory, derivatives, and stochastic calculus, along with previous exposure to technical software like MatLab or Mathematical is desirable.

Joslin Rowe - Winner of 4 UK Recruiter Awards including Best Accountancy/Financial Recruitment Firm and Best Office Support Agency.
Joslin Rowe is a Randstad company. Joslin Rowe Associates Ltd encourages applications from individuals from all backgrounds but candidates must be able to demonstrate their ability to work in the UK. Joslin Rowe Associates Ltd is acting as an Employment Agency in relation to this vacancy.

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Keywords related to this job

• Risk,
• Quantitative Analysis,
• City of London,
• Permanent,
• Investment Banking,
• Model Valuation Controller,
• London