Manager, Fx Valuations, Valuation Product Control

3 days ago

Toronto ON, Canada Intelliswift Software Full time

Job Title:

Manager, FX Valuations, Valuation Product Control

Location:
Toronto, ON M5X 1A1 (Hybrid – 2 days/week)

Duration:
12 months

Contract Type:
T4

Pay Rate:
CA$66.20/Hour

Accountabilities:

In connection with the Commodity and FX derivative trading and underwriting portfolios, the Manager is responsible for ensuring that valuations for these portfolios are materially accurate and where appropriate, that valuation adjustments and regulatory reserves are established. In meeting this objective the Manager will review, assess, and make recommendations with respect to the appropriate use of valuation models, identify official sources of market data used for valuation, and have overall responsibility for independent price verification. In executing these activities the Manager will manage relationships across the organization including the lines of business, Model Validation and Governance, Finance, Back Office, and Accounting Policy.

Role Responsibilities:

  • Develop and implement policies and procedures for independent checking of valuations, escalation of exceptions, and valuation reserves or adjustments for trading and underwriting portfolios.
  • Promote best practices for valuation of trading and underwriting portfolios.
  • Develop, maintain, and improve valuation adjustment policies and procedures in compliance with GAAP/IFRS and regulatory requirements.
  • Develop, maintain, and improve the capital reserves policies
  • Document and maintain methodologies and procedures for valuation adjustments and capital reserve
  • Monitor models to ensure the mathematical representation of the market is sound on an on-going basis. This will involve assessing the performance of models in the markets in which they are used:
  • to better understand model limitations;
  • to quantify theeffect of limitations given typical market conditions;
    and
  • to perform model stress tests, as required, to assess the effect of extreme market conditions on the model’s performance and accuracy
  • Maintain the list of recommended market data sources used for mark to market or mark to model valuation and document changes to market data sources.
  • Create and maintain an inventory of official valuation models used for trading and underwriting portfolios, with related assumptions and limitations.
  • Maintain communication between the lines of business and Model Validation (MV) and Model Governance (MG) regarding the development of new models or changes in the application of existing models, to facilitate the involvement of MV early in the development process. This includes reviewing documentation, testing model assumptions and data requirements prior to the model being vetted, and advising the lines of business and MV of any clear deficiencies.
  • Monitor the use of models for consistency with data requirements and limitations identified by MV, the line of business, and/or VPC and advise the lines of business and other stakeholders if a model is being used under a condition that is contraindicated.
  • Review use of valuation methodologies and models for consistency across the trading and underwriting products and geographical locations and recommend changes as required.
  • Identify, assess, and recommend valuation reserves or adjustments for acceptance by senior line of business and Market Risk executives. Escalate disagreements between lines of business and VPC with respect to valuation reserves or adjustments.
  • Proactively identify and report to EVP & Senior Market Risk Officer and Market Risk Managing Directors, specific positions, exposures or other factors that expose the Bank to unusual, unexpected, inappropriate or otherwise not fully identified or quantified valuation issues and recommend solutions to remedy such issues or exposures.

Must Have Requirements:

  • 4+ years of FX Valuation experience, preferably in a financial institution
  • Market Risk Valuation experience
  • Excellent understanding of Commodity and FX derivative products and markets, as well as the valuation and risk management methodologies associated with these
  • Proven ability to provide strategic direction for major projects and initiatives.

Nice to Haves:

  • Solid understanding of accounting principles, finance accountabilities, and back office processes would be an asset
  • Programming skills VBA & Python
  • Capital Markets background
  • Big 6 bank – dealing with valuation

Soft Skills:

  • Strong analytic and problem solving skills.
  • Solid understanding of accounting principles, finance accountabilities, and back office processes would be an asset.
  • Solid quantitative skills.
  • Strong oral and written communication skills.
  • Strong interpersonal skills and ability to function effectively within a team.
  • Ability to prioritize multiple tasks and consistently meet deadlines while paying attention to details.
  • Ability to manage, coach, and develop subordinates.
  • Good relationship management skills.

Education

  • Bachelor and above - preferred but not limited to Math, Finance

  • Manager, Fx Valuations, Valuation Product Control

    6 hours ago

    Toronto, ON, Canada Intelliswift Software Full time

    Job Title: Manager, FX Valuations, Valuation Product Control Location: Toronto, ON M5X 1A1 (Hybrid – 2 days/week) Duration: 12 months Contract Type: T4 Pay Rate: CA$66.20/Hour Accountabilities: In connection with the Commodity and FX derivative trading and underwriting portfolios, the Manager is responsible for ensuring that valuations for...

  • Fx Valuations, Valuation Product Control Manager

    6 days ago

    Toronto, Canada Intelliswift Software, Inc. Full time

    **Job Title**:FX Valuations, Valuation Product Control Manager ** Location**: Toronto, ON M5X 1A1 (Hybrid - 2 days/week) **Duration**: 12 months **Contract Type**: T4 **Pay Rate**: CA$66.20/Hour **Accountabilities**: In connection with the Commodity and FX derivative trading and underwriting portfolios, the Director is responsible for ensuring that...

  • Manager, FX Valuations, Valuation Product Control

    3 days ago

    Toronto, Canada Intelliswift Software Full time

    Job Title: Manager, FX Valuations, Valuation Product ControlLocation: Toronto, ON M5X 1A1 (Hybrid – 2 days/week)Duration: 12 monthsContract Type: T4Pay Rate: CA$66.20/HourAccountabilities:In connection with the Commodity and FX derivative trading and underwriting portfolios, the Manager is responsible for ensuring that valuations for these portfolios are...

  • Manager, FX Valuations, Valuation Product Control

    2 days ago

    Toronto, Canada Intelliswift Software Full time

    Job Title: Manager, FX Valuations, Valuation Product Control Location: Toronto, ON M5X 1A1 (Hybrid – 2 days/week) Duration: 12 months Contract Type: T4 Pay Rate: CA$66.20/Hour Accountabilities: In connection with the Commodity and FX derivative trading and underwriting portfolios, the Manager is responsible for ensuring that valuations for these...

  • Manager, FX Valuations, Valuation Product Control

    2 days ago

    Toronto, Canada Intelliswift Software Full time

    Job Title: Manager, FX Valuations, Valuation Product ControlLocation: Toronto, ON M5X 1A1 (Hybrid – 2 days/week)Duration: 12 monthsContract Type: T4Pay Rate: CA$66.20/HourAccountabilities:In connection with the Commodity and FX derivative trading and underwriting portfolios, the Manager is responsible for ensuring that valuations for these portfolios are...

  • Manager, FX Valuations, Valuation Product Control

    2 days ago

    Toronto, Ontario, Ontario, Canada Intelliswift Software Full time

    Job Title: Manager, FX Valuations, Valuation Product ControlLocation: Toronto, ON M5X 1A1 (Hybrid – 2 days/week)Duration: 12 monthsContract Type: T4Pay Rate: CA$66.20/HourAccountabilities:In connection with the Commodity and FX derivative trading and underwriting portfolios, the Manager is responsible for ensuring that valuations for these portfolios are...

  • Manager FX Valuations

    2 days ago

    Toronto, Ontario, Ontario, Canada Swoon Full time

    Manager, FX Valuations, Valuation Product ControlContract Length: 13 months (16-Dec-2024 to 23-Jan-2026)Location: Toronto (Hybrid, 2 days in-office)Industry: Financial ServicesRole Summary:We are seeking a skilled Manager in FX Valuations to oversee accurate valuations for Commodity and FX derivative trading and underwriting portfolios. The successful...

  • Manager, Valuations

    3 months ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** **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...

  • Manager, Valuations

    4 months ago

    Toronto, Canada MNP Full time

    Job Details Description Inspirational, innovative and entrepreneurial - this is how we describe our empowered teams. Combine your passion with purpose and join a culture that is thriving in the face of change.  Make an impact with our Valuation team as a Manager. This diverse team of valuation professionals works with clients on valuations for...

  • Manager, Valuation

    3 months ago

    Toronto, Canada Ontario Teachers' Pension Plan Full time

    The opportunity The Manager, Valuation is responsible for the execution of OTPP’s semi-annual private investment valuation processes, for the purpose of OTPP’s mid-year and year-end financial statement reporting. Private portfolio investments asset classes include private equity, infrastructure, natural resources, venture capital, real estate, and...

  • Business Valuation Expert

    2 weeks ago

    Toronto, Ontario, Canada Rudson Valuation Group Inc. Full time

    Company OverviewRudson Valuation Group Inc. is a leading provider of business valuation services, committed to delivering accurate and reliable financial analysis.Salary RangeThe estimated salary for this position is between $60,000 to $80,000 per year, depending on experience.Job DescriptionWe are seeking an experienced Business Valuator to join our team in...

  • Manager, Valuations

    5 months ago

    Toronto, Canada MNP Full time

    Inspirational, innovative and entrepreneurial - this is how we describe our empowered teams. Combine your passion with purpose and join a culture that is thriving in the face of change. Make an impact with our Valuations team as a Manager. This diverse team of professionals works with clients on a wide range of business disputes and irregularities and...

  • Manager, Valuation

    6 months ago

    Toronto, Canada Canada Life Assurance Company Full time

    **Job Description**: As **Manager, Reinsurance Valuation** for the Reinsurance Traditional Life block, you will lead actuarial analysts in a variety of engagements, to perform sound valuation analysis and provide assurance over financial reporting activities. The Manager, Reinsurance Valuation reports to the Director, Reinsurance Valuation. **What you will...

  • Manager, Valuations

    3 months ago

    Toronto, Canada MNP Full time

    Inspirational, innovative and entrepreneurial - this is how we describe our empowered teams. Combine your passion with purpose and join a culture that is thriving in the face of change.Make an impact with our Valuation team as a Manager. This diverse team of valuation professionals works with client

  • Analyst - Complex Financial Instrument Valuation

    7 months ago

    Toronto, Canada mnp Full time

    Inspirational, innovative and entrepreneurial - this is how we describe our empowered teams. Combine your passion with purpose and join a culture that is thriving in the face of change. Make an impact with our Valuations team as an Analyst. This diverse team of professionals works with clients on a wide range of business disputes and irregularities and...

  • Valuation Associate

    3 months ago

    Toronto, Canada The Canadian Institute of Chartered Business Valuators Full time

    **ap Valuations Limited**: ap Valuations Limited, is a Toronto-based boutique firm specializing in business valuations, litigation support and financial consulting. At ap Valuations Limited you will find a challenging, energetic and dynamic work environment. In addition, ap Valuations Limited provides competitive compensation and comprehensive health...

  • Valuation Managing Director

    6 days ago

    Old Toronto, Canada LVI Associates Full time

    Job Title: Valuation Managing DirectorLocation: Toronto, ONCompany Overview: We are recruiting on behalf of a prestigious client, a leading firm specializing in valuation services. They are seeking a highly skilled and motivated Valuation Managing Director to lead their Toronto office to work directly with the existing Partners.Key Responsibilities:Lead and...

  • Analyst, Complex Financial Instrument Valuation

    2 months ago

    Toronto, Canada mnp Full time

    Inspirational, innovative and entrepreneurial - this is how we describe our empowered teams. Combine your passion with purpose and join a culture that is thriving in the face of change. Make an impact with our Valuations team as an Analyst. This diverse team of professionals works with clients on a wide range of business disputes and irregularities and...

  • Sr. Product Control Manager to support valuation and risk management for a large financial client

    3 days ago

    Toronto, Canada S.i. Systems Full time

    Sr. Product Control Manager to support valuation and risk management for a large financial client - 68044 Title: Manager, Governance, Valuation Product Control Duration: 17 months Location: Hybrid - Downtown Toronto (two days a week in office) Must Have Skills: • 5 - 7 years of experience in Product Control , preferably in a financial...

  • Sr. Product Control Manager to support valuation and risk management for a large financial client

    3 days ago

    Toronto, Canada S.i. Systems Full time

    Sr. Product Control Manager to support valuation and risk management for a large financial client -68044Title: Manager, Governance, Valuation Product ControlDuration:17 months Location:Hybrid - Downtown Toronto(two days a week in office)Must Have Skills: • 5 - 7 years of experience inProduct Control, preferably in a financial institution or audit firm •...