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About the job
Markets – Senior Valuations Quant (Analyst)
RMB is a market leader in Investment Banking and our biggest asset is our people. We believe there is no end to what we can achieve for our clients, our shareholders and ourselves if we have the right people. We seek the best – smart, hard-working, self-motivated, committed people with positive attitudes and passion for their work and the success of RMB. Our people come from many different backgrounds which adds richness to our talent pool. We offer a non-hierarchical, entrepreneurial environment where our people think and act like owners. We empower people, hold them accountable and reward exceptional performance.
All suitable qualified candidates will be considered, and appointments will be made in line with the Bank’s EE Strategy.
Leveraging robust derivative valuation experience to resolve any valuation discrepancies arising from systems, models and inputs. Provide independent valuations, either for P&L or to inform business decisions. Build professional working relationships with all stakeholders, displaying abilities to communicate and provide reporting at all levels.
This role also entails a level of management responsibility. This includes the ability to motivate, delegate, and empower appropriately, enabling the team to take responsibility and display appropriate creativity and initiative. In addition, the candidate needs to be able to work with the team to actively grow their skills and lead them in operational excellence.
Check and ensure validity and accuracy of valuations given the inputs and models used, and investigate & resolve discrepancies and data issues impacting valuations
Check validity and reliability of data sources and data used
Quantify valuation-related reserves for incorrect models, inputs etc.
Provide support to the P&L Accountants if there are technical valuations issues that cannot be resolved
Challenge balance sheet numbers
Consider both banking and trading book requirements for all products
Engage with the Deal Conclusion Forum (DCF) on an ad hoc basis to provide them with comfort around the model, propose market norms and identify down-the-line issues
Sit on the Market Risk Technical Committee (MRTC) and provide an expert opinion on modelling throughout the bank
Maintain awareness of country specific regulations and pricing realities, as well as ensuring compliance with regulations regarding valuation and reserving; analyse and research relevant products; and stay relevant and up to date with legislations and new development
Build and maintain professional working relationships with all stakeholders, displaying excellent abilities to initiate dialogue, listen, advise, influence, and negotiate to achieve win-win outcomes.
Initiate meetings with key stakeholders to track progress, manage expectations and ensure stakeholders’ requirements are delivered
Preserves relationships despite airing conflicting views and seeks mutual gains when addressing conflicts
Anticipates consequences and adapts problem solving based on continual feedback
Act speedily to resolve problems, queries and complaints
Adapt communication styles to meet the needs of different audiences
Demonstrates pride in the organisation’s brand, services and products by consistently delivering on the brands promise
Plan and manage own workflow, anticipating obstacles, juggling priorities and following through on objectives within agreed timeframes and according to quality standards
Provide measurable and specific real-time feedback to team members to ensure that daily operations are in line with agreed performance measures.
Maintain a positive attitude and respond openly to feedback
Handle stress in ways that do not negatively impact others
Take ownership of personal career development, leveraging formal and informal opportunities
Act in an ethical, transparent and morally defensible manner, including highlighting unethical practices
Continually share, debate and communicate learning’s
Contribute to a friendly, co-operative climate in working with others to achieve collective goals
Qualifications and Experience:
Post-graduate qualification in Mathematical Finance or another quantitative discipline
7+ year’s financial services, preferably banking experience
Sound knowledge of financial instruments and the pricing principles underlying these
Proficient in Microsoft Office with advanced Excel
5+ years financial services, preferably banking experience
Note: Never pay for any training, certificate, assessment, or testing to the recruiter.
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