eFinancialCareers

• Company

  Markit

• Location

  New York, NY, 10018

• Compensation

  Salary commensurate with Experience

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  04 Nov 2009

• eFC Ref no

  584998

Company overview

Markit is a leading, global financial information services company with over 1,300 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 market place.

With over 1,500 institutions using our independent services as clients - including investment banks, hedge funds, asset managers, central banks, regulators, rating agencies and insurance companies - we provide round-the-clock support from our offices in London, New York, Dallas, Toronto, Amsterdam, Frankfurt, Henley on Thames, Singapore, Tokyo and Sydney.

Markit is an entrepreneurial company and a fast-growing business.  We continue to expand our presence around the world and offer exciting career opportunities across sales, customer support, product management,  information technology and professional services.

Department

Portfolio Valuations

Department overview

Markit has established itself as the leading provider of independent third-party derivatives valuations. The growing demand for this service is a response to both new regulations and increased scrutiny of fund managers by investors. With its wide coverage of vanilla and exotic derivative data inputs across all asset classes and its broad first-hand derivatives expertise, Markit has unique competitive advantages in this space. Teams of quantitative analysts have been built up in London and New York to operate and develop this business.

Position summary

Derivative Valuation Analyst. This individual will build a body of knowledge in the primary derivative asses classes to support the daily processing of derivative (and cash) positions submitted by clients. Particular emphasis on price challenges and decomposition of derivative results. The analyst will work with clients during the initial onboarding phase through production. Analysts will also undertake various data capture and review procedures in support of the global valuation business.

Duties & accountabilities

Utilize Markit’s proprietary technology to generate daily mark-to-market valuations of derivative portfolios

Interact with clients to satisfy requests and explain the models, data, and assumptions behind the valuations they receive

Participate in the development and testing of new models for the systematic valuation of complex derivatives

Business competencies

Education and experience

Bachelors Degree in engineering, finance, mathematics, or other quantitative discipline. Significant Excel experience. Knowledge of SQL desirable.

Commercial awareness

Understanding of financial markets and derivative markets specifically. 

Management requirements

 Personal competencies

Personal impact

Highly detailed oriented, ability to work under deadlines in a fast paced environment

Communication

Excellent verbal communication is a key attribute for success in this position

Teamwork

Complete team orientation is a must. Members of this team work very closely with and rely heavily on each other. A single weak link will affect product quality and output