Vice President, Valuation Governance Pricing

London, United Kingdom

Join us as Vice President for Valuation Governance Pricing in London

  • Take on a high profile role in NatWest Markets, where you'll be working closely with regulators and auditors
  • Based in a specialist team in Debt Markets Trading, you'll be developing valuation control policies and governance, providing challenge and assurance over implementation
  • You'll influence the wider control environment and provide input to, and prepare deliveries for, regulators and auditors

What you'll do

You'll be leading on policy implementation for valuation control policies, including IPV, reserves, and prudent valuation. This will involve writing and maintaining policy and best practice methodology standards. You'll chair and be a member of high profile committee meetings, including senior stakeholders in Finance and across the bank.

Key aspects of your role will include:

  • Interpreting valuation issues for senior management and other stakeholders in the context of regulation and accounting standards
  • Reviewing and approving IPV, reserves and prudent valuation methodology documentation against policy, best practice methodology, and regulatory and accounting requirements
  • Identifying control enhancements and process improvements
  • Delivering annual mandatory valuations training for Product Control, preparing training materials and conducting training sessions for on and off shore colleagues
  • Co-ordinating and preparing material for semi-annual continuous assessment meetings, including drafting formal responses to PRA focus topics and ad hoc letters
  • Assessing risk issues and Internal Audit findings against risk appetite, drafting risk issue action plans and co-ordinating closure of these
  • Conducting valuation controls audit around policy, documentation, information on Orbit, and risk and control assessments
  • Reviewing and writing up Service Organisation Control assessments
  • Conducting risk and control assessments for valuations, including assessment of material risks and risk appetite

The skills you'll need

We're looking for a talented leader with valuations or IPV specific experience.

You'll also need:

  • Experience working in a control environment covering structured and flow products
  • Experience reviewing or auditing processes to deliver a strong control environment
  • An understanding of valuation issues, and the ability to explain and interpret these issues for senior management and stakeholders
  • A working knowledge of IFRS9 and IFRS13 accounting standards
  • Excellent interpersonal and communication skills
  • The ability to understand and interpret valuation related PRA and EBA regulation, including capital requirements regulation

A professional qualification in a relevant field would be an advantage.

How we'll reward you

In return, we offer a competitive salary and you'll also join our retirement savings plan. You can also choose from a selection of protection, healthcare or lifestyle extras from RBSelect, our fully flexible reward programme.

Visit our reward and benefits page for more information on the benefit packages we offer.

Inclusion

At NatWest, we want everyone to feel welcome, regardless of your background or needs. If you need adjustments making to your working environment, we’ll do everything we can to support you. As part of this commitment, we offer flexible working options for some of our roles - find out more.

As a Financial Services organisation we comply with and support the requirements set by our Regulator, the Financial Conduct Authority (FCA), which are designed to protect our customers. This role falls under Conduct Rules of the Individual Accountability Regime (IAR) and is subject to pre-employment screening. This means if your application is successful, you’ll need to satisfy some important background checks before you can start working with us. These will include a full credit check, a criminal record check, residency and right to work checks.

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