Senior Analyst/Manager- Valuation

Overview

Senior Analyst/Manager on the Valuation team, building, calibrating and maintaining pricing models across complex asset classes and independently verifying the fair value of client portfolios against market and model benchmarks. High-visibility individual-contributor role with direct exposure to trading desks, risk managers and fund controllers at client organizations, with room to grow into a review/mentoring capacity.

What you'll do

• Design, build and maintain independent pricing models for CDS, IRS, government and corporate bonds, and inflation swaps (zero-coupon and year-on-year), incorporating curve construction, discounting and day-count conventions.
• Perform daily, weekly and month-end Independent Price Verification (IPV) by comparing internal/front-office marks against independent market data sources (e.g., Bloomberg BVAL, IHS Markit, ICE Data Services, Refinitiv) and internally derived model prices.
• Investigate and resolve pricing breaks and tolerance exceptions; document root causes, assumptions and remediation in line with the firm's valuation policy.
• Provide explanation of PNL attributable to different components of pricing.
• Calibrate and stress-test yield curves, credit curves (hazard-rate stripping) and inflation curves used across the pricing library; validate model outputs against theoretical and market benchmarks.
• Prepare valuation reserve and fair-value hierarchy (ASC 820 / IFRS 13) analysis and support quarterly valuation committee packs for client funds.
• Partner with trading, risk, product control and technology teams to enhance and automate the valuation model library, improving accuracy, coverage and turnaround time.
• Support internal and external audit, regulatory and client due-diligence requests by providing clear, well-documented explanations of pricing methodology.
• Contribute to process improvement and automation initiatives, including migrating manual valuation workflows to Python/SQL-based tooling.

What you'll need

• 3–6 years of experience in valuation, independent price verification, product control or quantitative risk, at an investment bank, hedge fund, asset manager, fund administrator or independent valuation vendor.
• Strong working knowledge and application of derivative pricing and fixed income mathematics: discounting/OIS curves, curve bootstrapping, hazard-rate models for credit, and inflation curve construction.
• Hands-on experience building or maintaining pricing models for at least two of: CDS, IRS, bonds, or inflation swaps.
• Proficiency in Excel/VBA; working knowledge of Python and/or SQL for model development and automation.
• Bachelor's or Master's degree in Finance, Financial Engineering, Mathematics, Statistics, Economics, or a related quantitative finance field.
• Excellent analytical, written and verbal communication skills, with the ability to explain complex valuation concepts to non-technical stakeholders.

Nice to have

• CFA or FRM.
• Familiarity with third-party pricing and analytics platforms such as Bloomberg (BVAL) and IHS Markit.
• Prior experience with fair value hierarchy classification (ASC 820 / IFRS 13) and valuation governance frameworks.
• Hands-on experience with FinCad.
• Experience working directly with buy-side clients (hedge funds, asset managers) or within a fund administration / valuation control environment.

Details

• Locations: Gurugram; Hyderabad.