Senior Manager: Valuations at Deloitte

Job Description

To support the business area leadership in the implementation of strategic initiatives through the effective management of the team, and to provide key insight and guidance in quantitative modelling methodologies for valuations, risk, and strategic projects.

Key Responsibilities

• Provide guidance to the team on suitable choices of modelling methodology and valuation principles by working closely with the head quantitative analyst
• Review valuation models for a broad range of financial instruments; including derivatives, employee share schemes, BEE deals, financial guarantees
• Play a key role in the strategic development of technology that automates and improves service offerings
• Ensure that best practice valuation models and methodologies are presented to the team, and that these are clearly documented
• Ensure that best practice valuation models and methodologies are implemented consistently
• Remain a thought leader in the derivative valuations and risk space by researching relevant industry topics, and attending conferences and market events
• Take initiative in identifying and implementing process improvement where required
• Problem solving and issue resolution
• Manage and oversee client relationships, fees and budgets
• Responsible for managing client delivery teams and overseeing their work
• Communicate upward and downward feedback on technical matters around IFRS or derivative valuations
• Assist in growing the profitability of the team and service offering
• Mentor and coach junior staff

Qualifications

At minimum a bachelor’s honours degree in a scientific discipline. A master’s or doctor’s degree in financial mathematics, pure/applied mathematics, physics or engineering is an advantage

Experience and Skills Required

• At least 7 years Practical experience and knowledge of the financial markets, with knowledge of the application of mathematics of finance and is required
• Experience in an Object Oriented Programming language, e.g. C#, Java, Python. Good knowledge of C# and programming experience is a large advantage
• Experience in VBA an advantage
• Good knowledge of accounting standards, e.g. IFRS2, IFRS9 and IFRS13, an advantage
• Strong MS Excel skills
• MS Word and PowerPoint
• LaTeX an advantage

 Specialized Competencies

• Relevant technical knowledge and practical experience with pricing of vanilla and exotic derivative instruments in a risk neutral framework is required
• Knowledge and practical experience with construction of curves is required; e.g. interest rate forecasting and discounting curves, basis curves, OIS curves
• Understanding and practical computational experience of CVA, DVA, FVA and other xVAs where relevant is required
• Understanding of relevant numerical methods for derivative valuations is required; e.g. Monte Carlo and Finite Difference methods
• Knowledge of stochastic differential equations and models of asset dynamics, and understanding when they are suitable is required; e.g. GBM, Hull-White and Heston
• Knowledge of volatility models is an advantage; e.g. Local Volatility, Local Stochastic Volatility and SABR
• Pricing of equity options falling within the ambient of BEE and share scheme transactions (IFRS 2) is an advantage

Key Performance areas

• Strategic Impact
• Client Impact: External / Internal
• Team development
• Research and eminence
• Operational Effectiveness
• Development / Growth of Team
• Budgets / Profitability

Additional Information

Leadership / Behavioural Capabilities

• Living our Purpose - Fosters broad commitment to our purpose and values; inspires peers and teams to make an impact that matters
• Competitive Edge - Anticipates market and competitor trends to develop and deliver bold and innovative solutions that differentiate Deloitte with clients
• Influence - Builds long-term, trust-based relationships with senior stakeholders and influencers, and uses highly developed influencing skills to drive impact, often in complex situations
• Performance drive - Builds a high performance culture by cultivating individual and team strengths; drives outstanding client service, often through large cross-business and/or cross-border teams
• Strategic direction - Sets & communicates strategic direction, excites people around the vision and goals and aligns diverse, cross-functional and cross-border teams to achieve success
• Talent development - Manages the development of a strong pipeline of talent for current/ future success; owns and drives a talent experience that differentiates Deloitte
• Inspirational Leadership - Leads from the front, acting as an exemplary role model for leaders at all levels; promotes a strong sense of loyalty and followership and energizes others to act

Core Professional Capabilities

• Knows the Business and the Industry -Ability to advise the client to make decisions that positively impact return on investment; provides subject matter expertise  on industry trends, innovation efforts, and leading practices
• Executive Presence - Ability to project confidence, establish credibility with, and influence clients at all levels
• Global Mindset - Ability to adopt a global approach to networking, building eminence, and assembling teams to best serve clients and maximize engagement economics
• Sales and Business Development - Ability to sell potential and current  clients on Deloitte’s services and negotiate profitable transactions for the Firm