Valuations Control Specialist

2 weeks ago


Johannesburg, Gauteng, South Africa Nedbank Full time

Job Purpose

  • Valuations Control is a centralised function in CIB Finance responsible for the independent valuation and IFRS compliance of Fair Value positions within CIB. As a Valuations Control Specialist you will be working across Front Office teams (Markets, IB and PF), Finance, Market Risk, Credit Risk and the Nedbank Group Technical teams.

Responsibilities:

  • Taking responsibility for the oversight of valuations of cross asset trades on vanilla and complex structures spanning the trading and banking book
  • Ensuring these are IFRS complaint.
  • Continuous evaluation of existing (historical) complex structures
  • Ensuring proper documentation and governance around valuation methodologies
  • Taking responsibility/oversight for implementing valuation/pricing adjustments and reserving methodologies on complex structures and crossasset trades
  • Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
  • Obtain buyin for developing new and/or enhanced processes that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.
  • Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
  • Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g.
Green Strategy).

  • Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.


Essential Qualifications
  • NQF Level
  • Professional Qualifications/Honour's Degree


Preferred Qualification
  • Chartered Accountant / CFA Charter Holder / Financial or Investment Management or Mathematical post graduate qualifications
  • Minimum Experience Level 5 to 8 years in Product Control, Markets Trading, Valuation Control, Market Risk, Financial Modelling or Markets Finance environment

Type of Exposure

  • Previous experience in IPV or Product Control or IFRS technical within a large global investment bank
  • Strong understanding of valuation principles from an IFRS point of view
  • Strong understanding of credit and rates products
  • Strong Mathematical and Quantitative skills
  • Excellent communication skills, both written and verbal; with the ability to clearly communicate the drivers behind risk and valuation trends
  • Brainstorming ways of improving a product or situation
  • Challenging the status quo with a view to improve people's understanding of issues
  • Managing team dynamics
  • Writing business proposals
  • Identifying trends and anomalies
  • Trading / Markets environment


Technical Knowledge
  • Banking procedures
  • Business Acumen
  • Derivatives and Bond trade lifecycle
  • Valuation of derivatives, bonds and/or other complex financial structures
  • IFRS treatment of traded instruments
  • Data analysis and MI reporting
  • Governance, Risk and Controls
  • Industry trends
  • Relevant regulatory knowledge
  • Trading and other relevant software and systems knowledge
  • Research methodology


Behavioural Competencies
  • Building Partnerships
  • Earning Trust
  • Communication
  • Decision Making
  • Planning and Organizing
  • Quality Orientation
- **_Please contact the Nedbank Recruiting Team at _

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