Department overview
Markit Portfolio Valuations is a fully hosted service that provides independent valuations and risk metrics for vanilla and exotic derivatives, private equity instruments, structured notes and cash products. These valuations are distributed via a single platform called Valuations Manager alongside clearing prices and counterparty marks. It is a flexible and scalable solution that can serve portfolios of any size and composition with reliable same day turnaround available. Markit Portfolio Valuations is in a privileged position as a third-party cross-asset valuations provider, to accurately calibrate its models to the market and provide independent valuations for exotic cash and derivative products.
Portfolio valuations include pricing for the following instruments:-
Asset class
Instrument types
FX
Spot, forwards, NDFs, FVAs, swaps, options, exotic structures across major and emerging market currencies
Equities
Options, indices, swaps (div, var, vol, correlation), exotic structures
Commodities
Forwards, swaps, options on physical/financial/energy/metals
Rates
Swaps, swaptions, caps/floors, inflation, CMS, exotic structures
Credit
CDS, TRS, indices, options, CDOs, CLNs
Structured products
TARNs, auto-callable, PRDCs, etc. across asset classes
Cleared derivatives
Price distribution from ICE, CME, LCH, Eurex, JSCC, SGX
Cash products
Evaluated bonds, consensus loans and ABS/MBS products
Private Equity
Private company and illiquid debt/mezzanine finance valuations
Position summary
The Valuations Operations Team at Noida invites academically bright candidates, who enjoy problem solving, delivering on challenging deadlines and constantly learning on the job, to apply for the position of Associate, Valuations Operations. The successful candidate will work alongside a team of finance professionals that are passionate about derivatives. The PV team serves marquee names in the finance industry helping them reduce risk, increase transparency and enhance operational efficiency.
The ideal Valuations Associate enjoys manipulating numbers, fitting curves, learning about valuations, supporting clients, and collaborating with geographically dispersed teams. A typical day of the Valuations analyst could comprise working Excel models, running valuations, monitoring feeds of critical data, understanding nuances of derivatives, on-boarding new clients, setting up new trades, resolving client queries etc.
Duties & accountabilities
The duties of an Associate include but are not limited to the following:-
- Monitoring of automated valuation systems and quality control in response to reported exceptions.
- Running manual valuation tools and processes, including trade data setup for complex derivatives.
- Responding to requests from clients including routine confirmations and price challenges.
- Managing market data activities associated with routine delivery of independent valuations to clients, including response to alerts, manual price checks etc.
- Ensuring continued and optimal availability of the Valuation Manager platform to all our clients.
- Monitoring of regular automated feeds coming in from various dealers to ensure consistency of data provided to end clients
- Working on requests from buy/ sell side firms to map client data on to Markits systems
- Complying with existing information security policies when sharing confidential data with end clients
- Participate in project to enhance product features and user testing
Education and experience
- Graduate degree with strong mathematical ability demonstrated by over 80% marks in Mathematics in their schooling, and good performance in quantitative subjects through their academic career
- An understanding of derivatives
- Demonstrated ability in the Microsoft Office suite, proficiency in Excel
- Excellent verbal and written communication skills
Desirable Skills / Experience
- Basic understanding of database structures
- VBA, SQL or other programming skills
- 0-2 years experience in valuations
- Experience in a client facing environment or in account management
Communication
- Ability to use persuasive language to convey ideas in a global team
- Strong verbal and written communication (client facing)
Teamwork
- Ability to collaborate in high-performance teams
Company overview
Markit is a leading, global financial information services company with over 3,000 employees. The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial marketplace. For more information, please see http://www.markit.com
Salary: Not Disclosed by Recruiter
Industry: Banking / Financial Services / Broking
Functional Area: Other
Role Category: Other
Role: Other
Keyskills: operations, pricing, account management, valuation, derivatives, private equity, loans, sql, monitoring, operational
