Valuation Controller, AVP, Corporate - Controllers

  • Competitive Base plus Bonus
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Jefferies
  • 25 Apr 18 2018-04-25

The role is varied in responsibility but will involve performance of the monthly prices testing process, including the sourcing of external price data, calculation of variances, discussion with traders and desk heads, reconciliation and reporting. The role is across all the Jefferies International businesses and will include involvement in all the main asset classes.

Company

Jefferies, a global investment bank and securities firm, has served companies and their investors for nearly 50 years.  Headquartered in New York City, with offices in more than 25 cities around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management.  The firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals.  Jefferies & Company, Inc. is the principal operating subsidiary of Leucadia Group, LLC.

Team

The role is within the Independent Price Verification (IPV) team which is part of the Product Control Group within Jefferies.  The IPV team is responsible for independently verifying that the Jefferies financial inventory is appropriately fair valued in accordance with applicable accounting and regulatory standards.  The team is a global one, with a presence in New York and London.  This role is specifically to join the London team, reporting locally into the head of International IPV.

Role

The role is varied in responsibility but will involve performance of the monthly prices testing process, including the sourcing of external price data, calculation of variances, discussion with traders and desk heads, reconciliation and reporting.  The role is across all the Jefferies International businesses and will include involvement in all the main asset classes. 

There will also be an element of project work as we seek to improve and automate processes and on-board new businesses.  There is also a degree of managerial responsibility with this role.

Additionally, the IPV team is responsible for all aspects of IPV policy and ensuring it is up to date with the latest regulatory and accounting guidance.  The role will involve working closely with the regulatory team on any regulatory returns requiring IPV input.

 

Key Responsibilities

The key responsibilities are:

  • Performance of the month end IPV process and discussion of results with the trading desks for a variety of businesses and asset classes including interest rate derivatives, sovereign and corporate bonds, equity derivatives and mortgage backed securities.
  • Presentation of price testing results to heads of trading desks and COOs.
  • Supervision of reconciliation of tested populations to the general ledger.
  • Assigning FAS157 levels to financial inventory.
  • Process improvement and automation work.
  • Participation in Regulatory returns requiring IPV input.
  • Advising the New Business Committee regarding valuation matters for new business proposals.
  • Proposal and calculation of bid/offer reserves.

 

Person Specification

The following skills and experience are required for this role:

  • Qualified accountant with strong numeracy skills with a suitable academic background.
  • Strong interpersonal skills and good team player.
  • Prior experience in financial markets, preferably within an investment banking environment.
  • A good working knowledge of independent price verification with strong financial products knowledge.
  • Good working Excel knowledge.
  • Strong sense of ownership and a willingness to take responsibility for tasks assigned.
  • Ability to multi task and be adaptable to tight deadlines with a good attention to detail.
  • Proactive and motivated work style.