Valuation Controller

Your role:
Do you have a strong understanding of valuation concepts across a broad range of cash and derivative financial products? Are you knowledgeable on key accounting & valuation standards like Fair value hierarchy, Prudential Valuation, IFRS and US GAAP fair value policies? We are looking for someone like you to:
?Supervise the monthly Independent Price Verification (?IPV?) processes to ensure positions are marked correctly in the firm?s books and records.
?Enhance governance around IPV, including assisting in writing up procedural / guideline documents, identifying best practices and sharing these globally. Interact with other regional valuation controllers and working to implement best practices from other regions.
?Analyze key valuation drivers and structures, cash waterfalls, pricing models, collateral characteristics, market trends, and technical factors that impact valuation.
?Identify areas with low testing coverage and identify testing alternatives to close this gap.
?Conduct monthly valuation meetings with senior stakeholders.
?Interact with the Business, Finance and Risk to close out gaps in processes / controls. Build and maintain strong relationships with these groups.
What we offer:
Together. That?s how we do things. We offer people around the world a supportive, challenging and diverse working environment. We value your passion and commitment, and reward your performance.
Keen to achieve the work-life agility that you desire? We're open to discussing how this could work for you (and us).
Take the next step:
Are you truly collaborative? Succeeding at UBS means respecting, understanding and trusting colleagues and clients. Challenging others and being challenged in return. Being passionate about what you do. Driving yourself forward, always wanting to do things the right way. Does that sound like you? Then you have the right stuff to join us. Apply now.
Disclaimer / Policy Statements:
UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.
Your team:
The role exists within the Valuation Control Group which is part of Group Finance. The function is responsible for the validation of the final reported valuations of trading products & derivatives through a combination of independent price verification (IPV) and reserving techniques. The function is organized vertically by asset class and also has a Valuation Oversight & Consistency team organized horizontally across all asset classes. The VCG team is spread globally with key centers in New Jersey, New York and India.
Your experience and skills:
You have:
? A Masters degree in Finance, Math, Economics, Engineering. CFA / FRM candidacy is a plus.
? A minimum of 5 years of experience in the financial sector.
? Excellent written and spoken communication skills.
?Prior experience in working with the traders, risk groups and management in addressing valuation issues.
? Expert knowledge of Microsoft Excel, Bloomberg and Intex.
You are:
?Knowledgeable across a range of Securitized Products including Agency and Non-Agency RMBS, CMBS, CLOs, ABS and EU Securitizations.
?Familiar with IFRS 13 and FAS 157.
?Detail oriented, proactive, able to take ownership of issues and work in a dynamic environment.
About us:
Expert advice. Wealth management. Investment banking. Asset management. Retail banking in Switzerland. And all the support functions. That's what we do. And we do it for private and institutional clients as well as corporations around the world.
We are about 60,000 employees in all major financial centers, in more than 50 countries. Do you want to be one of us?
Your colleagues:
Job Reference #: 178389BR
Business Divisions: Corporate Center
Title: Valuation Controller
City: Weehawken
Job Type: Full Time
Country / State: United States - New Jersey
Function Category: Finance

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