Valuation Production Manager - open to flexibility

Location
London
Salary
£54639 - £60710 per annum + benefits
Posted
25 Sep 2017
Closes
23 Oct 2017
Ref
603742
Contact
Lloyds Banking Group
Contract Type
Permanent

Valuation Production Manager - open to flexibility

The Investment Valuations function is tasked with over-sighting independent valuation, valuation uncertainty and control for £100bn+ of investment assets from illiquid assets such as special purpose vehicles, loans, property, private equity and OTC derivatives, to more liquid exchange traded derivatives, foreign exchange, bonds, equities and collective investment schemes.

In this role you'll manage trade booking, controls around the end to end operating model for relevant assets, the operation of complex internal valuation models and oversight of third parties for outsourced services.

You'll be adept at developing both short and long term strategies for an efficient trade booking operating model and able to implement that strategy through development to completion. Strong stakeholder management skills are essential as you'll broker networks across a wide range of areas, most notably IS&E, actuarial, finance, operations and risk.

Hands on experience of operating valuation models would be ideal in this role for illiquid assets including loans, special purpose vehicles for both fair value and valuation uncertainty, which includes:
- Loading and controls around current positions and cashflows
- Monthly updates to assumptions and market data
- Production of valuation and valuation uncertainty outputs and validation to ensure correctness
- Reporting client supplied prices to third party administrator for onwards accounting and reporting
- Validation and MI production of analysis of movement and FVPC reporting including commentaries to support drivers

You're likely to have an Investment Banking background with experience of the risk attributes of OTC derivatives and creating a 'P&L Explain' or 'P&L Attribution'.

Our insurance industry is constantly developing and as a result you'll be exposed to a breadth of structured and complex assets in a business that has a huge growth book to offer investment opportunities. This is an excellent opportunity to join a newly formed team and create a platform for your career progression. Together we make it possible.

Essential
* Graduate level education, ideally with other relevant financial qualifications (e.g. accountancy, financial markets or actuarial)
* Investment assets specialist knowledge of OTC derivatives and illiquid loans valuations
* 5+ years' experience of valuations and risk management models in Product Control, Independent Price Verification (IPV),Valuation Control Group (VCG) or similar
* Strong documentation skills, with an ability to document technical material in an easily digestible form for consumption by a variety of stakeholders

Desirable
* Strong knowledge of market data ie. Bloomberg
* Experience of SVPs (special purpose vehicles)

We have award-winning commitments to employing diverse and inclusive teams, reflective of the customers and communities we serve - where all our colleagues can be themselves and succeed on merit.

We're also committed to finding a pattern and approach to work that is mutually beneficial and can offer you a comprehensive package that includes a performance share bonus (c20%), car (or allowance) generous pension and 4% cash pot to take, or use to tailor a benefits package that suits your lifestyle choices.

So, if being at the cutting edge of Insurance Finance appeals and you have the background and skills we are looking for then get in touch, we'd like to hear from you.