Expert - Valuation

This job offer concerns a position within the Bangalore VAL team. The collaborator will actively participate to the production of various deliverables related to IPV, RP and Prudent Valuations Adjustment. This includes:

1.       Performing various IPV production tasks such as submission to consensus provider, implying market parameters, valuation certification. 

2.       Providing commentary and analysis on major drivers for IPV at desk level.          

3.       Parameter cartographies: sourcing of the market parameters used in valuation, preparation of input files required for running the cartographies, run of cartography production process.

4.       IPV reports: participation to the collection and control of data, production of the reports.

5.       Consensus process: insertion of consensus-obtained levels in the referential system, pricing of products using consensus levels…

6.       RP computations

7.       RP analysis (analytical review)

8.       Calibration of bid/ask spreads for accounting reserves

9.       Calibration of uncertainty, close out cost and concentration spreads for prudent valuation adjustment (PVA)

10.   Interacting with Front Office teams to handle their queries on the Valuation Adjustments.

11.   Exploring new data sets of information to enhance the coverage of the validations and calibrations. Suggesting new validation and calibration strategies

The collaborator will actively participate to various works that aim at upgrading production framework, tools, and processes. Candidate will be required to work on Python/VBA scripts to achieve these objectives.

The Valuation Group (VAL), within the Finance Department dedicated to GBIS (DFIN/MAR/VAL), is a worldwide team whose core mission statement is to ensure that valuations reflected in financial statements are in line with normative accounting requirements and industry best practice.

This mission statement translates in various functions and deliverables, which include the following:

·         Chair and prepare global and regional Valuation Committees.

·         Define and maintain Valuation Policies.

·         Centralize Independent Price Verification (IPV) reports and perform IPV on implicit parameters.

·         Design, manage and centralize product and parameter valuation cartographies.

·         Compute, analyze and report valuation adjustments (Global Valuation Review Committee).

·         Design Day One Profit and Level 1/2/3 observability rules.

The role has opened due to a permanent employee relocation to the Paris entity who is responsible for critical DFIN Valuation Control functions, including IPV, RP and PVA Calibration, and Source Validation. It is essential for ensuring timely P&L adjustment bookings by D+7, adherence to RP policy, delivery of methodological inputs, and the ongoing optimization of pricing data management processes.

DFIN IN VAL total HC :14 .This requirement is to retain the count at 14 due to permanent employee relocation to Paris to ensure knowledge retention and business continuity.

Possess strong valuation control expertise with extensive experience in derivative financial instruments, including instrument repricing, Independent Price Verification (IPV), reserve and PVA/RP computations, spread calibration, source validation and backtesting, P&L adjustment reporting, and audit query management on Equity Correl and Rates Vanila risk factors.

Under Everest Streams 3 & 4, responsible for supporting methodological enhancements for Equity Correlation and Lambda Accretors, overseeing data quality and control monitoring initiatives aligned with the Everest roadmap, and achieving the DFIN Target Operating Model implementation for Equity Correlation along with stakeholder engagement across Front Office and regional valuation teams.

No, as contractors with the specialized Valuation Control skillset required for core Valuation Control functions are difficult to source in the market.

At Société Générale, we are convinced that people are drivers of change, and that the world of tomorrow will be shaped by all their initiatives, from the smallest to the most ambitious.

Whether you’re joining us for a period of months, years or your entire career, together we can have a positive impact on the future. Creating, daring, innovating and taking action are part of our DNA.

If you too want to be directly involved, grow in a stimulating and caring environment, feel useful on a daily basis and develop or strengthen your expertise, you will feel right at home with us!

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You should know that our employees can dedicate several days per year to solidarity actions during their working hours, including sponsoring people struggling with their orientation or professional integration, participating in the financial education of young apprentices and sharing their skills with charities. There are many ways to get involved.