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 institution or audit firm
• Strong understanding of derivative products and markets , as well as the valuation and risk management methodologies associated with these.
• Strong understanding of establishing appropriate controls required for an independent valuation group
• Previous experience with Capital Markets Trading /Capital Markets Finance

Nice To have Skills:
• CFA Certification
• Market Risk exp
• Global Middle Office exp
• Model Validation exp

Job Responsibilities:
• Acts as liaison with all internal and external regulatory bodies
• Ensure that VPC is compliant with all internal and external regulatory requirements
• Provide guidance with respect to any changes in regulatory environment that may impact the group
• Responsible for ensuring that the month-end reporting process is accurate, complete and appropriately documented
• Establish standards for all of VPC’s documentation
• Ensure that all IPV/Valuation Adjustments documents are consistent with the Principles document and updated as scheduled.
• Ensure that all ORSD’s are updated as required.
• Ensure that documentation of the review of recommended market data sources is complete and current. This includes documentation of the methodologies and controls of third party price providers.
• Ensure that the frequency and availability of market data is appropriately documented (ORSD and ORSD Assessment documents)
• Ensure that the mid-month and month-end IPV reporting memos are complete and meet the standards established by the Director
• Enhance that the documentation of criteria for the determination of fair value leveling is complete and establish appropriate reporting
• Ensure that documentation of proxies throughout Market Risk are appropriate and consistent with the governance framework
• Ensure that all BMA spreadsheets meet standards as defined by Financial Control Group
• Be proactive in identifying issues and proposing and implementing solutions.

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