Valuation Risk Professional- Equity & Equity Derivatives/ New York, USA-NY-New York City

Company: Comprehensive Recruiting
Location: USA-NY-New York City
Remuneration: $100k plus
Position Type: Permanent
Employment type: Full time
Updated: 02 Jul 2009

Global Bank in NYC is looking to add candidates to their Valuation Risk Group representing the Equity and Equity derivative trading division. The successful candidate will be responsible for analyzing and valuing the Bank's diverse Equity and Equity Derivative portfolio; Manage the independent valuation through the monthly Mark Review process to insure measurement at fair value; Insure that the all trades on the Balance Sheet are properly classified according to FAS 157, Fair Value Measurement; Lead/participate in a diverse set of projectswhich require interface with various Finance groups, Company IT, Business Unit IT and Business Unit personnel; Take proactive role in developing the skills and expertise of all VRG employees

Individual Responsibilities Include:

- Manage comprehensive valuation of Equity and Equity Derivative portfolios through the monthly Mark Review process, as defined below:
- Identify, develop and implement process efficiencies – manage multiple projects simultaneously, coordinating across functional areas within the Equity and Equity Derivative Business Unit and Finance.
- Manage the classification of all trades according to the levels specified in FAS 157 Fair Value Measurement based on the transparency of valuation inputs
- Provide technical expertise to analyze the Equity and Equity Derivative portfolio and specific transactions to determine if they are valued at fair market
- Develop and maintain thorough documentation of marking and mark testing methodologies – lead efforts to streamline documentation and change control processes
- Articulate mark review standards and valuation policy and communicate policy to Business Unit Management Education and Experience:

- Bachelor’s Degree in accounting, finance, economics, mathematics or related discipline, with advanced degree (MBA or Masters degree in related discipline) or certification (CFA/CPA) preferred
- Experience with Equity and/or Equity Derivative products. The ideal candidates will also have previous risk experience.
- Familiarity with accounting guidelines and pronouncements, including FAS 157 (Fair Value Measurement) - Ability to identify and recommend changes to existing processes in order to improve and streamline those processes
- Ability to work under pressure to complete responsibilities within identified deadlines
- Comfortable taking initiative while prioritizing among multiple projects, tasks and deliverables
- Strong written and verbal communication skills, with the ability to comfortably interact across all levels of the organization. For consideration, please submit resume in MS Word format to ian@comprehensiverecruiting.com.