Credit Valuations Controller

Job Title : Credit Valuations Controller

Experience : 8 to 12 Years

Location : Mumbai

Roles & Responsibilities

• Perform Independent Price Verification (IPV) for Vanilla and Exotic Credit products across businesses.
• Review and analyze CVA exposure markings, IPV variances and untested inventory.
• Investigate valuation differences and provide commentary on alternative valuation approaches.
• Prepare and present monthly valuation control packs covering IPV variances, reserves, open items and untested positions.
• Support the development and standardization of valuation processes for efficient execution and automation.
• Assist in determining valuation methodologies and calculating valuation adjustments and reserves.
• Analyze desk marking trends and support IPV and management reporting.
• Collaborate with Front Office, Trading, Quants, Product Control, Risk, Finance and Valuation teams.
• Support revenue recognition and reserving assessments for new products and transactions.
• Coordinate with offshore teams to ensure accurate and appropriate valuation testing.
• Support regulatory requirements, audits and SOX reporting related to valuation controls.
• Review and enhance valuation controls, processes and digital tools.
• Support Fair Value Hierarchy (FAS 157) classification and Significant Unobservable disclosures for Credit products.
• Support Prudent Valuation Adjustments (PVA) calculations and methodology enhancements.

Requisites

• Strong knowledge of Credit Valuation Control and Independent Price Verification (IPV).
• Hands-on understanding of Vanilla and Exotic Credit products.
• Knowledge of CVA, valuation adjustments, reserves and prudent valuation.
• Experience in analyzing IPV variances and untested inventory.
• Understanding of Fair Value Hierarchy and FAS 157.
• Strong knowledge of valuation methodologies and financial product pricing.
• Experience with management reporting, MIS and valuation control packs.
• Understanding of revenue recognition and reserving for financial products.
• Knowledge of regulatory, audit and SOX requirements.
• Strong analytical and problem-solving skills with attention to detail.
• Excellent stakeholder management and communication skills.
• Ability to collaborate effectively with Front Office, Risk, Finance, Product Control, Quants and offshore teams.