Full job descriptionValuation Control Analyst: Fixed Income (IPV)
Location: London (hybrid, minimum 50% onsite)
Contract: 12 months
Sector: Investment Banking, Global Markets Operations
The opportunity
A leading international investment bank is looking for a Valuation Control Analyst to join its Fixed Income team in London on a 12-month contract. Valuation Control is a global, second-line control function that independently verifies, analyses and reports on the market parameters used to value the bank’s trading positions.
You will take ownership of a monthly cycle of independent price verification (IPV) reviews across a range of products and business lines. This is a hands-on role with direct exposure to the front office, Risk, Finance and auditors.
Key responsibilities*Independently own and deliver a set of allocated monthly IPV (MAP) reviews to tight deadlines
*Investigate the drivers behind valuation differences and escalate issues to the appropriate teams
*Engage with the front office, Risk, Finance, auditors and management on issues and improvements
*Produce accurate and timely KPIs, highlighting IPV coverage and results
*Ensure accurate submissions to an external consensus pricing provider
*Maintain clear and accurate standard operating procedures (SOPs)
*Challenge existing processes and recommend improvements that strengthen control and efficiency, then implement them once approved
*Learn and support other processes to provide team coverage
*Deliver medium-sized projects and contribute to larger team initiatives
*Build strong working relationships with Product Control, Front Office, Middle Office, Finance and Risk
About you
Essential
*Experience in Valuations, IPV, P&L or Risk teams within financial services
*Solid understanding of Fixed Income products and their associated risks
*Strong Excel skills, particularly formulas, with the ability to understand and debug complex spreadsheets
*Ability to open, read and understand VBA code, and to debug and enhance it where needed
*Confidence interacting with the front office and challenging them credibly, using their language and understanding the risks they run
*Strong written and verbal communication skills, with the ability to engage at all levels
*Excellent attention to detail under pressure and tight deadlines
*Able to pick up a process, understand it quickly and work independently, as well as part of a team
*Practical, solutions-focused approach, able to find quick workarounds

Desirable
*Finance-based degree, ideally with a strong mathematical background
*Python skills
*Strong grounding in financial mathematics and market practice
*Exposure to asset classes beyond Fixed Income
Guidant, Carbon60, Lorien & SRG - The Vertage Group Portfolio are acting as an Employment Business in relation to this vacancy.