Valuation Control is part of Product Control, focusing on the trading and treasury activities of Julius Baer. Operating independently, Valuation Control provides crucial second-line-of-defence oversight to safeguard the reliability of the Bank’s financial statements. The function ensures the accuracy and integrity of fair value measurements for financial instruments, primarily under IFRS 13 requirements, and collaborates with Finance, Risk, and Front Office functions to support transparent financial reporting and meet regulatory and audit obligations.
Tasks
- Support the Head of Valuation Control in the day-to-day execution and continuous enhancement of the Bank’s valuation control framework.
- Take ownership of key valuation control and prudent valuation adjustment (PVA) workstreams, including analysis, reporting, documentation, and resolution of valuation issues.
- Conduct and support independent price verification (IPV), valuation adjustment reviews, fair value controls, and assessments of valuation uncertainty.
- Analyse valuation differences, price testing outcomes, model or input limitations, data quality concerns, and key drivers of valuation adjustments.
- Collaborate closely with Product Control, Front Office, Market Risk, Model Risk, Finance, Regulatory Reporting, and Technology to ensure robust valuation governance.
- Prepare and present valuation control and PVA materials for management meetings, valuation committees, audit engagements, and regulatory discussions.
- Support the development and maintenance of methodology documentation, control design, operating procedures, and governance standards.
- Contribute to process improvement initiatives, automation efforts, and control enhancements across valuation control activities.
- Utilise Python, Dataiku, or similar tools to strengthen data analysis, streamline reporting, and improve control efficiency.
- Serve as a subject matter expert and escalation point for valuation control, PVA, and valuation uncertainty matters within the team.
Requirements
- University degree in Finance, Economics, Mathematics, Engineering, Quantitative Finance, Data Analytics, or a related field.
- Solid experience in Valuation (Risk) Control, IPV, PVA, Market Risk, or a comparable banking control role (3+ years).
- Good technical knowledge of valuation control, independent price verification (IPV), fair value governance, valuation adjustments (PVA), and valuation uncertainty.
- Hands-on experience with prudent valuation frameworks and adjustment methodologies.
- Strong understanding of financial instruments including fixed income, rates, credit, FX, derivatives, structured products, and treasury instruments.
- Able to review and challenge valuation models, pricing inputs, assumptions, discrepancies, and control outputs.
- Strong analytical skills with proficiency in interpreting financial data, identifying issues, and communicating findings clearly.
- Experience preparing reports and presentations for senior management, valuation committees, audit, and regulators.
- Proficient in Python, Dataiku, SQL, Tableau, or similar tools for data analysis and visualisation—highly valued.
- Capable of contributing to process optimisation and automation initiatives within a controlled environment.
- Effective communicator with strong stakeholder management skills across Risk, Finance, Front Office, Technology, and Control functions.
- Meticulous attention to detail, strong ownership, and ability to deliver under audit, regulatory, and senior management scrutiny.
- Business fluency in English required, German or other languages an advantage.
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Das Team
Valuation Control collaborates with Finance, Risk, and Front Office functions and operates as an independent second-line-of-defence team, ensuring robust valuation governance and transparent financial reporting.