YOUR CHALLENGE The role of the Head of Valuation Control includes:

Lead Valuation Control within Product Control, overseeing valuation governance, independent price verification (IPV), valuation adjustments, and fair value controls Defining and implementing the target operating model for prudent valuation adjustments (PVA), including methodology, governance, controls, data requirements, systems, reporting and senior management oversight Lead 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 Enhancement of the Bank’s valuation control framework Assessing new products in the new product approval process Develop a comprehensive fair value levelling framework Provide senior-level oversight of valuations for trading and treasury products, including derivatives, fixed income, rates, credit, FX, and structured instruments Ensure robust independent price verification through price testing, adjustments, valuation challenge, and escalation Deliver independent challenge to Front Office pricing, models, assumptions, and methodologies Establish strong governance via methodology reviews, control standards, documentation, approvals, and senior reporting Present valuation control insights to senior management, risk committees, auditors, and regulators Ensure valuation processes are underpinned by reliable data, systems, controls, and auditability Support internal/external audits and regulatory reviews on fair value and valuation control matters Drive automation, process improvements, and control enhancements for greater efficiency and scalability Lead and develop a high-performing team of valuation control specialists, fostering technical excellence and career growth