Dublin | Ireland
The Finance & Accounting Division is made up of a number of core finance teams both at business unit and Group level. We perform a key management and control function in ensuring all Group financial and management reporting processes are appropriately governed. The Finance Division has overall responsibility for driving the Group budgeting and forecasting process, developing Group-focused financial insight and analysis and delivering the Group's statutory, regulatory and external reporting. We do this through collaborative business partnering in each of the Divisions and with centralised Finance shared / specialist services.
Description of business unit
Global Markets (GM) is part of the Markets and Treasury division (M&T) of the Bank of Ireland Group. GM has a full dealing capacity out of in Dublin, Belfast, London and Stamford. It provides a comprehensive range of treasury products and services and uses innovative treasury techniques to develop solutions, customised to client requirements. M&T is a fast moving dynamic environment reflecting changes in global events and markets.
The Valuations Team is part of the GM Finance Team, which in turn comprises other areas including the hedge accounting team, the financial control team and the Income Support Unit.
The Valuations team is responsible for ensuring compliance with the valuation policy, the calculation and analysis of the monthly valuation adjustments and the analysis of capital charges (risk weighted assets and prudent valuation adjustments). The valuation team produces various MI reports for senior management and Group Finance. The team liaises closely with the GM Financial Control to assist with the production of financial accounts. The Team also ensures adherence to audit and Internal Financial Controls (IFC) requirements.
Purpose of the Role
The Head of the M&T Valuations Team oversees the running of the Bank's financial instruments valuation adjustment (i.e. CVA, FVA and DVA) models and the independent price verification process and provides subject matter expertise on financial instruments valuations issues that arise within M&T and the wider Bank. The successful candidate will represent M&T Finance as a key participant in working groups such as the M&T Valuations Forum and Libor Reform working group.
What is the opportunity
We are seeking a highly motivated candidate to head the M&T Valuations team. As a quantitative subject matter expert to internal and external stakeholders, the successful candidate will have the opportunity to work closely with the front office and market risk teams to develop proprietary derivative valuation models and data analytics solutions. The successful candidate will lead a team of five skilled staff, mentoring and developing them to their potential.
A recognised bachelor's degree or equivalent professional qualification
Essential Skills & Experience
Desirable Qualifications, Skills & Experience
Where Agency assistance is required Bank of Ireland Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Bank of Ireland by Recruitment Agencies will not be accepted for this role.
Bank of Ireland Group is an equal opportunities employer and is committed to fostering an inclusive workplace which values and benefits from the diversity of our workforce.
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