Head of Valuation Control (Investment Bank)

The Edge Partnership

Singapore

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Posted 6 hours ago
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Job Description

We are currently partnering with a leading international bank who have a strong presence in the Asia region.

They are looking to hire a Head of Valuation Control, who will be responsible for driving the governance agenda and ensuring the absolute accuracy and integrity of the bank's financial statements.

The successful candidate will spearhead the development of robust Valuation Methodologies, oversee rigorous Independent Price Verification (IPV) frameworks, and govern complex Fair Valuation Adjustments (FVA) across a diverse portfolio of trading and investment instruments. Collaborating closely with Front Office, Market Risk, Model Risk, and global regulators, the successful candidate will leverage advanced data analytics to expand the bank's valuation capabilities, mitigate risk, and deliver best-in-class valuation solutions across the Group.

Please contact Michael Durkin - email your cv directly in word format with job reference no. JOB-16627 to [Confidential Information]

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Key responsibilities

Serve as the Global Head of Valuation Control, driving the governance agenda, providing constructive challenge to front office traders, and ensuring the absolute accuracy, integrity, and fair valuation of trading and investment portfolios.
Continuously improve, refine, and update robust Valuation Methodologies and models to align with market best practices collaborate closely with Model Risk Management to validate models through back-testing, sensitivity analysis, and annual standards reviews.
Lead regular, comprehensive IPV processes by utilizing advanced market data analytics and external sources to corroborate internal pricing, identify discrepancies, and escalate potential mismarks to frontline supervisors.
Establish and maintain a robust framework to calculate, review, and document Fair Value Adjustments, including model reserves, liquidity adjustments, and other fair value adjustments, ensuring strict compliance with internal policies and accounting standards.
Implement conservative Prudent Valuation Adjustment (PVA) frameworks to account for market uncertainties, and develop stressed scenario analysis frameworks to calculate and apply Stressed PVA for extreme market conditions.
Oversee the classification, regular review, and documentation of financial instruments across the fair value hierarchy (Level 1, Level 2, Level 3) based on input observability, and defend these classifications to auditors and regulators.
Develop and implement quantitative methods and algorithms in line with regulatory expectations to enhance risk mitigation and business decision-making.

Role requirements

Proven track record managing large, global Valuation Control teams with an elite control mindset, exceptional leadership qualities, and a Bachelor's/Master's degree paired with a professional certification (e.g., CFA, CPA, CA, ACCA, CQM).
Specialized technical knowledge across a wide spectrum of Financial Markets products, including FX, FXO, Rates, XVA, Commodities, and Credit, with an emphasis on complex derivative valuations.
Comprehensive experience overseeing rigorous internal control frameworks, specifically Independent Price Verification (IPV), data gathering, analysis, and visualization to ensure absolute pricing integrity
Extensive experience managing and analysing fair value adjustments (FVA, XVA, and liquidity adjustments) alongside balance sheet governance to successfully manage risk and collaborate with global stakeholders.
Deep expertise in designing, refining, and applying sophisticated valuation methodologies, backed by strong quantitative analytics, financial mathematics, and complex financial modelling.