Date Posted: 18/12/2024
Location: London
Job Type: Full time
About the role We are looking for a Head of Investment Valuation to lead our Investment Valuation team and deliver asset modelling methodology and systems, short-term liquidity risk modelling and management, and other initiatives. Responsibilities Leads the Investment Valuation team in accordance with Just’s behavioural principles. Drives strategy and proactively shapes outcomes for the team. Provides actuarial/technical expertise to support the accurate and appropriate valuation of Just’s investment assets, derivatives and repo. Leads asset modelling and governance development required to value new types of assets, driving dialogue with asset managers as required. Maintains master list of Just’s requirements for asset managers in respect of asset valuation and reporting. Provides technical expertise to own, develop, and maintain the documentation of the Group’s asset, derivatives and repo modelling methodology, including IFRS Level 3 assets and limited-price-indexation (LPI) linked assets valuations and validations. Owns the technical development and maintenance of the LPI projection model and other market yield curve infrastructure. Owns and maintains a sustainable operating model for illiquid asset valuation and associated independent price verification (“IPV”); Manages the associated asset manager and vendor relationships. Analyses and explains the IFRS Level 3 asset valuation differences between Just Group and asset managers or other vendors supplying valuations where applicable. Provides actuarial/technical expertise to model short-term liquidity risk. Provides technical assistance/actuarial input to other initiatives associated with the Investment Operations function. Assesses and communicates to key asset valuation judgment areas for relevant management, executive and Board committees. Deputy chairs the Asset Valuation Committee. Assists with preparing clear and concise material and presentations, internal papers, approvals and management information, where applicable. Leads dialogue with external auditors regarding asset valuation matters. Develops and maintains an appropriate risks and controls framework for asset valuation processes. Works closely with internal stakeholders, most notably in the areas of Investments, Finance, Actuarial, and Risk, and supports the regular Investment Operations processes. Skills & Experience A qualified actuary or equivalent quantitative and professional profile. The ideal candidate would have substantial experience in the Investments, Reporting or Treasury area. Track record of developing practical solutions to complex technical issues. Experience in financial markets, particularly corporate bonds/loans, financial derivatives and repo are highly desirable. Excellent knowledge of fixed income assets, derivatives and repo. Knowledge of Bloomberg and FIS Quantum is desirable. Excellent knowledge of Excel and VBA and potentially other financial modelling software. Excellent problem-solving skills. Good understanding of data management and analysis. Ability to communicate complex ideas and analysis to a less technical audience. Able to take the initiative to identify and solve issues proactively. Company Benefits A Competitive Salary, Pension Scheme and Life Assurance. 25 Days Annual Leave plus an Additional Day for your Birthday. Private Medical Cover and Income Protection. A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets. Opportunity to progress within your career both in-role and within the company. FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site). A variety of Employee Funded Benefits available via our Online Benefits Portal. Several additional purchase options available for you and your loved ones.
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About the role We are looking for a Head of Investment Valuation to lead our Investment Valuation team and deliver asset modelling methodology and systems, short-term liquidity risk modelling and management, and other initiatives. Responsibilities Leads the Investment Valuation team in accordance with Just’s behavioural principles. Drives strategy and proactively shapes outcomes for the team. Provides actuarial/technical expertise to support the accurate and appropriate valuation of Just’s investment assets, derivatives and repo. Leads asset modelling and governance development required to value new types of assets, driving dialogue with asset managers as required. Maintains master list of Just’s requirements for asset managers in respect of asset valuation and reporting. Provides technical expertise to own, develop, and maintain the documentation of the Group’s asset, derivatives and repo modelling methodology, including IFRS Level 3 assets and limited-price-indexation (LPI) linked assets valuations and validations. Owns the technical development and maintenance of the LPI projection model and other market yield curve infrastructure. Owns and maintains a sustainable operating model for illiquid asset valuation and associated independent price verification (“IPV”); Manages the associated asset manager and vendor relationships. Analyses and explains the IFRS Level 3 asset valuation differences between Just Group and asset managers or other vendors supplying valuations where applicable. Provides actuarial/technical expertise to model short-term liquidity risk. Provides technical assistance/actuarial input to other initiatives associated with the Investment Operations function. Assesses and communicates to key asset valuation judgment areas for relevant management, executive and Board committees. Deputy chairs the Asset Valuation Committee. Assists with preparing clear and concise material and presentations, internal papers, approvals and management information, where applicable. Leads dialogue with external auditors regarding asset valuation matters. Develops and maintains an appropriate risks and controls framework for asset valuation processes. Works closely with internal stakeholders, most notably in the areas of Investments, Finance, Actuarial, and Risk, and supports the regular Investment Operations processes. Skills & Experience A qualified actuary or equivalent quantitative and professional profile. The ideal candidate would have substantial experience in the Investments, Reporting or Treasury area. Track record of developing practical solutions to complex technical issues. Experience in financial markets, particularly corporate bonds/loans, financial derivatives and repo are highly desirable. Excellent knowledge of fixed income assets, derivatives and repo. Knowledge of Bloomberg and FIS Quantum is desirable. Excellent knowledge of Excel and VBA and potentially other financial modelling software. Excellent problem-solving skills. Good understanding of data management and analysis. Ability to communicate complex ideas and analysis to a less technical audience. Able to take the initiative to identify and solve issues proactively. Company Benefits A Competitive Salary, Pension Scheme and Life Assurance. 25 Days Annual Leave plus an Additional Day for your Birthday. Private Medical Cover and Income Protection. A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets. Opportunity to progress within your career both in-role and within the company. FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site). A variety of Employee Funded Benefits available via our Online Benefits Portal. Several additional purchase options available for you and your loved ones.
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