Vice President - Valuation Control (Global Markets) || Mumbai

About the job

Hiring for a Global Banking group.

Valuation Control – IPV Center of Excellence (Global Markets)

The IPV Center of Excellence, part of the GBAM CFO Group, is a global control and advisory function responsible for valuation governance across multiple asset classes within Global Banking and Markets (GBAM).

We are seeking an experienced Valuation Control professional to support one or more asset classes across FICC Micro (Rates, FX, Commodities), FICC Macro (Credit, Mortgages, Municipals), XVA, or Equities. This role will provide functional leadership in delivering robust valuation controls, including Independent Price Verification (IPV), Valuation Adjustments, Prudent Valuation, and Fair Value Hierarchy assessments.

You will work closely with the Front Office, Finance, and the Global Valuations Group (GVG) to ensure strong valuation governance, high-quality analysis, and effective challenge of pricing and valuation methodologies.

Key Responsibilities

• Perform and review valuation control processes, including IPV, valuation adjustments, and prudent valuation.
• Provide SME leadership on independent valuation principles and methodologies.
• Analyze traders’ positions and understand the impact of risk sensitivities (Delta, Vega, and Gamma) against market movements.
• Lead discussions with Front Office on valuation differences and IPV variances.
• Ensure strong governance, supervisory review, and escalation of valuation issues.
• Support month-end valuation controls and regulatory reporting requirements.
• Partner with Technology, Risk, Operations, and Finance teams to resolve valuation issues and improve processes.
• Contribute to strategic initiatives, automation, and process enhancements within the valuation framework.

Experience & Skills

• 12–16 years of experience, including 8+ years in Global Markets Valuation Control.
• Strong understanding of derivatives, structured products, and valuation adjustments.
• Knowledge of financial markets, risk metrics, and valuation methodologies.
• Experience working with global stakeholders and matrix organizations.
• Strong analytical, communication, and stakeholder management skills.
• Exposure to Alteryx, Tableau, or Python is a plus.