Job Description

Join us as a Core Treasury IPV Manager

• In this crucial role, youll own, supervise and ensure the delivery of daily and monthly Independent Price Verification (IPV) activities for the bank
• Well look to you to take ownership of stakeholders and business engagement, leading the journey of business growth partnership
• Youll be making a critical contribution to the bank, while gaining invaluable experience and exposure in a complex valuation control area of the organisation
• We're offering this role at vice president level

What you\'ll doAs a Core Treasury IPV Manager, youll be leading the team in undertaking the valuation of complex financial instruments and handling reserving issues, assessing, and proposing changes to valuation methodologies and compliance statements.Youll be responsible for building and reviewing valuation methodologies to ensure accuracy and consistency, as well as for mentoring and managing work from sub-teams and active stakeholder engagement.Youll also be:

• Supervising financial instrument valuation, PruVal, bid-offer reserving and other financial reporting in line with business requirements
• Addressing valuation limitations through reserve or valuation adjustment calculations
• Regularly meeting with business analysts for IPV changes and automations, including engaging with the Enterprise Solutions team
• Coordinating the resolution of all non-standard queries and supporting the resolution of complex queries on processes and methodologies
• Continuously focusing on the improvements, and enhancing existing valuation control solutions, including reviewing independent pricing processes and tools, assessing potential coverage developments, and implementing solutions to enhance control efficacy

The skills you\'ll needWere looking for someone with at least 12 years of experience, ideally in a valuation control or product control function. Youll also need an excellent understanding of xVA, including FVA and CVA, as well as equity derivative products, volatility surfaces, interest rate curve construction.Youll also need:

• Team management experience
• Working knowledge of vendor systems, such as Bloomberg or Reuters
• An understanding of basic statistical concepts
• Experience of working and building strong business relationships in a changing environment

Hours 45Job Posting Closing Date: 08/07/2024

NatWest Group