Vice President - Valuations Control - Hong Kong Vice President - Valuations Control - Hong Kong …

Nomura Asia
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Last application, 05 Apr 20
Competitive
Nomura Asia
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Last application, 05 Apr 20
Competitive
Own BAU processes including reserve calculation, price testing (IPV), stale mark monitoring, and balance sheet categorization (FAS157). Product scope includes but not limited to equities options and exotic products such as range accrual, autocallables, and other scripted products.Lead FinTech initiative within IPV space to achieve robust automation on all BAU processes. Understand potential model risk and communicate with model validation group to derive appropriate model reserve level and methodology

Nomura Overview   

Nomura is an Asia-based financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm practices disciplined entrepreneurship while building on a long tradition of serving clients with creative solutions and considered thought leadership.
 
Job description   
 
•Own BAU processes including reserve calculation, price testing (IPV), stale mark monitoring, and balance sheet categorization (FAS157). Product scope includes but not limited to equities options and exotic products such as range accrual, autocallables, and other scripted products.
•Lead FinTech initiative within IPV space to achieve robust automation on all BAU processes.
•Understand potential model risk and communicate with model validation group to derive appropriate model reserve level and methodology.
•Understanding of relevant accounting knowledge and liaise with Accounting Policy as necessary.
•Associate IPV result and reserve trends to trader behavior, Macro and micro economics.
•Explore market data sources including OTC market, consensus service (TOTEM, Mercure, or other relevant ones) for the best measure of fair value on the financial instruments.
•Conduct and review intra-month and month end IPV testing.
•Communicate results and get sign-off from trading desks in a timely manner.
•Ad hoc processes including pre-trade reserve analysis.
•Pro-active management of valuation risk; Lead the coordination of solutions in partnership with the product controllers, front office quant, model validation, market risk, and other institutional groups.
•Challenge existing IPV/reserve methodologies, working practices and improve quality and efficiencies.

 
Key Experience & Skills   
 
•7+ years of experience in investment banks/brokerage house/public accounting, with experience as a trader, trading assistant, risk, product control/valuation, or quant.
•University degree, preferably in engineering, mathematics, operations.
•research. Advanced degree/qualification would be advantageous.
•Independent research experience with publications in peer-reviewed journal will be highly valued.
•Strong quantitative, analytical, and organizational skills. Programming experience in C/C++, Java, VBA is desired.
•Solid market knowledge and intuitive understanding of financial products is essential.
•Excellent interpersonal and communication skills and attention to details

 
Regional Disclaimers / Diversity Statement   

Nomura is committed to an employment policy of equal opportunities, and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender or sexual orientation.

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