Credit Valuations Controller

Job Title : Credit Valuations Controller

Experience : 8 to 12 Years

Location : Mumbai

Roles & Responsibilities

• Perform Independent Price Verification (IPV) for Vanilla and Exotic Credit products across businesses.
  
• Review and analyze CVA exposure markings IPV variances and untested inventory.
  
• Investigate valuation differences and provide commentary on alternative valuation approaches.
  
• Prepare and present monthly valuation control packs covering IPV variances reserves open items and untested positions.
  
• Support the development and standardization of valuation processes for efficient execution and automation.
  
• Assist in determining valuation methodologies and calculating valuation adjustments and reserves.
  
• Analyze desk marking trends and support IPV and management reporting.
  
• Collaborate with Front Office Trading Quants Product Control Risk Finance and Valuation teams.
  
• Support revenue recognition and reserving assessments for new products and transactions.
  
• Coordinate with offshore teams to ensure accurate and appropriate valuation testing.
  
• Support regulatory requirements audits and SOX reporting related to valuation controls.
  
• Review and enhance valuation controls processes and digital tools.
  
• Support Fair Value Hierarchy (FAS 157) classification and Significant Unobservable disclosures for Credit products.
  
• Support Prudent Valuation Adjustments (PVA) calculations and methodology enhancements.

• Strong knowledge of Credit Valuation Control and Independent Price Verification (IPV).
  
• Hands-on understanding of Vanilla and Exotic Credit products.
  
• Knowledge of CVA valuation adjustments reserves and prudent valuation.
  
• Experience in analyzing IPV variances and untested inventory.
  
• Understanding of Fair Value Hierarchy and FAS 157.
  
• Strong knowledge of valuation methodologies and financial product pricing.
  
• Experience with management reporting MIS and valuation control packs.
  
• Understanding of revenue recognition and reserving for financial products.
  
• Knowledge of regulatory audit and SOX requirements.
  
• Strong analytical and problem-solving skills with attention to detail.
  
• Excellent stakeholder management and communication skills.
  
• Ability to collaborate effectively with Front Office Risk Finance Product Control Quants and offshore teams.

Required Skills:

Credit Valuations ControllerIndependent Price VerificationVanillaExotic Credit ProductsCVAValuation AdjustmentsFair Value HierarchyFAS 157