Sr. Product Control Manager to support valuation and risk management for a large financial client - 68044

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.