StellenbeschreibungppAt Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth. Let's shape the future of wealth management together. /p pValuation Control is part of Product Control which is focused on the trading and treasury activities of Julius Baer. Independent compilations of profit and loss figures allow for a transparent and safe business environment ensuring accurate financial reporting. Front to back reconciliations of positions, cash accounts and profit and loss statements ensure data integrity across systems. /p pValuation Control collaborates with Finance, Risk, and Front Office functions to support transparent financial reporting and meets regulatory and audit obligations. Operating independently, Valuation Control provides a crucial second-line-of-defence oversight to safeguard the reliability of the Bank's financial statements. Its function ensures the accuracy and integrity of fair value measurements for financial instruments, primarily under IFRS 13 requirements. It performs independent price verification, identifying and resolving discrepancies. The team oversees the classification of instruments within the fair value hierarchy (Levels 1-3) and monitors the use of pricing models, especially for illiquid or complex products. /p pMoreover, Valuation Control is responsible for the calculation of various additional valuation adjustments under Prudent Valuation regulations. As such the team ensures a robust valuation governance framework to enhance the credibility and reliability of financial reporting by reflecting realistic market conditions, thereby strengthening investor confidence, supporting regulatory compliance, and mitigating the risk of future losses or restatements. /p pThe successful candidate will be a senior valuation control professional with strong technical expertise across financial instruments, valuation methodologies, valuation uncertainty and regulatory expectations. The role requires strong leadership, provides independent challenge to Front valuations and partners across Finance, Product Control, Market Risk, Model Validation, Front Office, Regulatory Reporting and Technology. The role will provide senior ownership of valuation governance, independent price verification, valuation adjustments, fair value control, prudent valuation adjustments and related control processes. /p h3YOUR CHALLENGE /h3 ul liLead Valuation Control within Product Control, overseeing valuation governance, independent price verification (IPV), valuation adjustments, and fair value controls /li liDefining and implementing the target operating model for prudent valuation adjustments (PVA), including methodology, governance, controls, data requirements, systems, reporting and senior management oversight /li liLead development and governance of additional valuation adjustments (AVA), covering market price uncertainty, close-out costs, funding investing costs, unearned credit spreads, concentrated positions, future administrative costs and early termination /li liEnhancement of the Bank's valuation control framework /li liAssessing new products in the new product approval process /li liDevelop a comprehensive fair value levelling framework /li liProvide senior-level oversight of valuations for trading and treasury products, including derivatives, fixed income, rates, credit, FX, and structured instruments /li liEnsure robust independent price verification through price testing, adjustments, valuation challenge, and escalation /li liDeliver independent challenge to Front Office pricing, models, assumptions, and methodologies /li liEstablish strong governance via methodology reviews, control standards, documentation, approvals, and senior reporting /li liPresent valuation control insights to senior management, risk committees, auditors, and regulators /li liEnsure valuation processes are underpinned by reliable data, systems, controls, and auditability /li liSupport internal/external audits and regulatory reviews on fair value and valuation control matters /li liDrive automation, process improvements, and control enhancements for greater efficiency and scalability /li liLead and develop a high-performing team of valuation control specialists, fostering technical excellence and career growth /li /ul h3YOUR PROFILE /h3 ul liDegree in Finance, Economics, Mathematics, Engineering, or a quantitative field /li liExtensive experience in Risk or Finance (10+ years) of which at least 5-year experience in Valuation Control, Market Risk, or related banking control functions /li liProven leadership track record within valuation or product control environments /li liLeading the Bank's PVA agenda within Product Control / Valuation Control /li liDeep technical expertise in fair value governance, IPV, valuation reserves, and PVA, including market price uncertainty, model risk, and close-out costs /li liStrong knowledge of financial instruments across rates, credit, FX, derivatives, fixed income, and structured products /li liExperienced in challenging valuation models, assumptions, inputs, and outputs in collaboration with Front Office and Model Validation /li liThorough understanding of regulatory requirements (IFRS 13, Basel, EBA) relating to fair value and valuation control /li liSkilled in designing and enhancing valuation control frameworks, governance, reporting, and system-driven controls /li liStrong data and technology awareness, with ability to drive automation and control improvements /li liProgramming skills (Python, SQL or alike) desirabl /li liExcellent analytical, communication, and stakeholder management skills-effective at engaging senior leaders, auditors, and regulators /li liCapable of leading teams and delivering results in complex, highly regulated environments /li liProfessional qualification (e.g., CFA, FRM, ACA/ACCA, CPA) desirable /li liBusiness fluency in English required, German an advantage /li /ul /p #J-18808-Ljbffr
