Vice President - Commodities Valuations

Job Description

About the Company

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A leading global investment bank is seeking a Vice President to join its Global Markets Valuation Control team, supporting the Commodities businesses.

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About the Role

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This role ensures independent valuation, price verification, and prudent valuation of a diverse portfolio of FX and commodities products while maintaining a robust valuation governance framework.

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Responsibilities

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• Lead the independent valuation review and price verification (IPV) process across Foreign Exchange and Commodities trading businesses.

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• Perform valuation analysis on:

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• FX Spot, Forwards, Swaps

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• FX Options (Vanilla and Exotic)

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• Precious Metals

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• Energy Derivatives

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• Base Metals

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• Agricultural Commodities

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• Commodity Options and Structured Transactions

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• Analyze valuation differences between Front Office marks and independent market data sources.

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• Review valuation adjustments including:

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• Bid/Offer Reserves

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• Liquidity Adjustments

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• Model Reserves

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• Concentration Adjustments

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• Credit and Funding Valuation Adjustments where applicable

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• Produce daily, monthly, and quarter-end valuation reporting for senior management.

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• Present valuation issues and reserve recommendations to Valuation Committees.

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• Partner with Trading to investigate significant market moves, pricing discrepancies, and model impacts.

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• Challenge trader marks using independent pricing methodologies and observable market data.

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• Review valuation methodologies for new products and evolving market structures.

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• Support implementation of prudent valuation requirements under applicable regulatory frameworks.

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• Coordinate valuation governance with Product Control, Market Risk, Model Validation, and Internal Audit.

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• Prepare documentation supporting external audits and regulatory examinations.

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• Drive automation initiatives utilizing Python, SQL, and data visualization tools to enhance valuation analytics and reporting.

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• Identify opportunities to improve valuation controls, workflow efficiency, and data quality.

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