A global investment bank with a 100-year history and offices in over 30 countries is hiring a VP for its Product Control function in Singapore. This is the valuations side of product control. You'll own price testing, reserves and fair value across the Macro business and the bank's Global Structured Note Issuance Programme. The product set is FX options, Bermudan swaptions, range accruals and bespoke structured trades, so there's plenty to get your teeth into.
What you'll be doing
Owning the month-end valuation control cycle: independent price verification (IPV), reserve calculations, stale mark monitoring and FAS157 / fair value levelling of the balance sheet
Explaining IPV results and reserve movements to the desk, and linking them to trading activity and market conditions
Supporting the Structured Note Issuance Programme across its operational, technical and accounting sides
Running pre-trade reserve analysis on new deals
Sourcing the best market data, from OTC quotes to consensus services, to back up fair value
Working closely with the wider product control team, Front Office quants, Model Validation, Market Risk and Accounting Policy
Leading the automation of IPV and reserve processes, so less time goes on spreadsheets and more on analysis
Challenging existing methods and ways of working, and making them better
What you'll bring
7+ years in product control or valuations at an investment bank, broker or Big 4 firm. Risk, quant or trading backgrounds will also be considered
Hands-on experience with IPV, valuation reserves and fair value hierarchy
Good working knowledge of FX and rates derivatives, ideally including exotics or structured notes
A degree in engineering, maths, finance or a related field. A CFA, CA, Masters or similar is a plus
Strong Excel and VBA skills, with Python, C++ or Java a bonus
The confidence to stand up to traders and explain valuation issues clearly to senior stakeholders
Why this role
It's a VP seat with real ownership of a complex macro and structured book. The team wants someone to modernise how valuations are done, not just keep the process running. It's a great next step for a product controller who wants a more technical, valuations-led role.
Job ID: 86868489
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Community Intel
Singapore, SINGAPORE
Median Salary
Net Salary / Month
$4,519
Net Salary / Year
$54,228
Cost of Living
Cost of Living Index
89/100
Median Apt Rent
$3,168–$6,113
1–3 bed, city center
Safety
Safety Index
78/100
Great
Utilities
Basic Utilities / Mo
$111–$253
Electricity, heat, water, garbage · 915 sq ft
High-Speed Internet
$23–$39
60 Mbps or more
Transportation
Gas (1 L)
$2.53 / L
Taxi (1 km)
$0.78 / km
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