Job Description

We have a great opportunity for a Derivatives Operations Valuations Lead with SME knowledge of derivatives valuation methodologies & dispute resolution practices. You will collaborate with PIC's ALM, Investments, Finance and Risk teams to secure their buy-in and implement improvements to systems, processes, and technology, as appropriate.

Key Responsibilities:

Perform expert analysis of valuation calculations, at OTC Derivative instrument level, from both internal and external systems, including counterparty valuations. Provide detailed analysis and propose actions to remediate discrepancies. Work with counterparties and reference CSAs, trade confirmations, valuation sources and market conventions to assist in the resolution of collateral and valuation disputes. Review reconciliation output from TriOptima. Resolve issues flagged. Maintain accurate commentary supporting known issues. Work with the valuation committee to determine sensible tolerances on a sub asset class basis. Provide feedback and present findings on underlying drivers and potential challenges to internal curve construction. Work with the new asset onboarding team to test any new products with all impacted areas, including but not exclusively: the OMS provider, collateral system provider, the internal Asset and Liability Management and Portfolio Management teams.

Requirements

You must have experience of working closely with Investment teams within a corporate or consulting environment, the majority in banking, asset management, insurance, or hedge fund.

Technical

SME knowledge of derivatives valuation methodologies & dispute resolution practises. Good technical knowledge of derivatives, collateral management and optimisation as well as technology to support collateral management. Experience using TriOptima, Aladdin, Murex. Familiar with derivatives regulation, including EMIR, SFTR and Solvency II. Familiar with derivatives documentation, including ISDAs, CSAs, CDEAs, GMSLAs, GMRAs.

Personal

Ability to interrogate/verify/challenge derivatives valuations. Experience of delivering change and projects. Strong organisational and communication skills. Ability to persuade and influence both directly and indirectly. Ability to organise work to meet deadlines. Commercial judgement. Proactive approach to risk management.

Benefits

28 days' annual leave plus bank holidays Pension Insurance for Travel, Private Medical, Critical Illness, Life Assurance and Income Protection Save As You Earn (SAYE)
And more.....