Vice President - FX & Commodities Valuations

Job Description

Vice President – FX & Commodities Valuation Control

A leading global investment bank seeks a Vice President to join its Global Markets Valuation Control team and support its Foreign Exchange (FX) and Commodities businesses. This individual will oversee independent valuation reviews, price verification, valuation reserves, and governance across a broad range of linear and derivative products.

The role offers significant exposure to senior stakeholders and close collaboration with Trading, Market Risk, Product Control, Finance, and Model Risk teams. The successful candidate will also contribute to regulatory initiatives, new product reviews, and automation efforts to enhance valuation processes and controls.

Key Responsibilities

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• Lead Independent Price Verification (IPV) and valuation reviews across FX and Commodities products.
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• Review valuations across FX spot, forwards, swaps, vanilla and exotic options, precious metals, energy, base metals, agricultural commodities, and structured transactions.
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• Investigate pricing discrepancies between Front Office marks and independent market data sources.
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• Assess valuation reserves and adjustments, including bid/offer, liquidity, model, concentration, credit, and funding adjustments.
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• Prepare daily, monthly, and quarter-end valuation reports for senior management.
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• Present valuation findings, issues, and reserve recommendations to Valuation Committees.
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• Partner with Trading and cross-functional stakeholders to resolve pricing issues, assess market movements, and review model impacts.
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• Support new product approvals, valuation methodology reviews, and prudent valuation requirements.
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• Maintain valuation governance and support regulatory examinations, external audits, and internal reviews.
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• Drive process improvements and automation initiatives using Python, SQL, and data visualization tools.
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Qualifications

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• Bachelor's degree in Finance, Economics, Mathematics, Engineering, Physics, or a related quantitative discipline.
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• 6–10 years of experience in Valuation Control, Product Control, Market Risk, Quantitative Analytics, or Front Office Risk Management within an investment bank.
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• Strong understanding of FX and Commodities products, valuation methodologies, and Independent Price Verification (IPV).
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• Knowledge of fair value accounting standards, including ASC 820 and IFRS 13, as well as valuation reserves and prudent valuation methodologies.
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• Advanced Excel skills and experience with Bloomberg, Reuters/LSEG, or comparable market data platforms.
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• Working knowledge of Python and SQL for valuation analytics and automation.
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Preferred Qualifications

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• Experience supporting regulatory valuation initiatives, model validation, or quantitative pricing models.
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• Familiarity with FRTB, Basel capital frameworks, and prudent valuation regulations.
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• Experience implementing valuation technology enhancements and process automation.
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• CFA, FRM, CQF, or an advanced quantitative degree is a plus.
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