Job Summary

Job Description

What is the opportunity?

Valuations Manager – Structured Rates

What will you do?

Play a role in the production and development of methodology for IPVs relating to the Structured Rates business.

Play a role in the production and implementation of methodology for VAs relating to the Structured Rates business.

Play a key role in the provision of detailed reports and analysis on IPV/VA results to senior managers, business heads, Valuations and Risk committees, and heads of Product Control, Market Risk and Finance.

Ensure that existing VA/IPV processes continue to be aligned and keep pace with the business, and regulatory and Accounting Best Practice.

Ensure that all VA/IPV processes are complete and follow RBCs risk policies and procedures. Identify and appropriately escalate any required improvements.

Implement new or enhance existing valuation methodologies. Work with other stakeholders in driving changes.

Build effective relationship with Front Office traders and quants, and play a key role with them in order to maintain robust control framework as a result of internal system changes and/or market changes.

This role is also required to provide subject matter expertise on various valuations related projects and initiatives, as required, including ad hoc management and/or regulatory reviews and new business initiatives.

What do you need to succeed?

Must-have

Technical understanding of derivatives and their valuation, including vanilla and exotic interest rate derivatives. Relevant experience in a Valuations role is an advantage

Good understanding of functions and processes such as measurements/monitoring of market risk/counterparty risk, P&L decomposition techniques.

Strong background in mathematics and/or IT.

Understanding how to design and maintain a robust control framework.

Practical high level coding experience (e.g., Excel, VBA and Python).

Nice-to-have

Strong background in mathematics and/or IT.

Familiarity with market data platforms and analytical tools including Bloomberg, Reuters and Markit/Totem.

What is in it for you?

We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper.  We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation

Leaders who support your development through coaching and managing opportunities

Opportunities to work with the best in the field

Ability to make a difference and lasting impact

Work in a dynamic, collaborative, progressive, and high-performing team

A world-class training program in financial services

Flexible working options fully supported.

Agency Notice

RBC Group does not accept agency resumés.  Please do not forward resumés to our employees, nor any other company location.  RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.

Job Skills

Detail-Oriented, Independent Price Verification, Interest Rate Derivatives, Risk Control, Risk Policies

Additional Job Details

Address:

100 BISHOPSGATE:LONDON

City:

London

Country:

United Kingdom

Work hours/week:

35

Employment Type:

Full time

Platform:

OFFICE OF THE CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-01-16

Application Deadline:

2025-01-30

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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