Manager, Valuations
Job Summary
Job Description
What is the opportunity?
The Manager, Valuations role is a control function to perform Independent Price Verification (IPV) and other Valuation Adjustments (VA) for RBC's fair value inventory. This role will design and maintain a robust valuations environment to ensure fair value compliance; while ensuring fair value estimates are accurate, timely and representative of traded markets.
What you will do?
- Conducting daily, weekly and monthly IPV and VA calculation relating to various Fixed Income products, such as Government Bonds, Corporate Bonds, Securitized Products, and Loans.
- Leverage and develop knowledge of financial markets, products and quantitative background to evaluate IPV results and support resolution of IPV difference. Ensure IPV issues outside accepted tolerances are reported and dealt with promptly.
- Explore market data sources for the best measure of fair value on the financial instruments.
- Ensure that existing VA/IPV processes continue to be aligned and keep pace with the business, and Regulator and Accounting Best Practice.
- Provide detailed reports and analysis to RBC regional valuations committees, business heads, senior managers and heads of Valuations, Market Risk and Finance on VA/IPV results.
- Communicate with Front Office and/or related counterparties to explain IPV/VA results and/or month over month movement. Lead the coordination of solutions in partnership with product controllers, front office, market risk and other internal groups.
- Develop new and enhance existing Valuation policies, including methodology and procedure documentation and sources of external market data, ensure that all VA/IPV processes are complete and follow RBC's risk policies and procedures.
- Challenge existing IPV methodologies, working practices and improve data quality and process efficiencies.
Must Have
- Undergraduate degree with 2+ years of finance related working experience
- Expertise in fixed income financial products
- Advance knowledge of excel
- Strong understanding of valuation process and impact
- Attention to details
- Excellent multi-tasking skills
- Good written and verbal communication skills
Nice to Have
- Advanced degree in a quantitative area
- Knowledge of VBA, Python and database tool such as SQL
- Knowledge of Bloomberg, Intex, Reuters and other financial analytics software
Job Skills
Accounting, Bloomberg Professional, Bond Pricing, Bond Valuation, Corporate Bonds, Discounted Cash Flow (DCF), Fair Valuation, Financial Accounting Systems, Financial Instruments, Financial Markets, Fixed Income Products, Fixed-Income Securities, Group Problem Solving, Independent Price Verification, IPV (Inactive), Microsoft Excel, Microsoft Excel VBA ProgrammingAdditional Job Details
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