eFinancialCareers

• Company

  Markit Group

• Location

  UK-London

• Compensation

  Competitive

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  18 Nov 2009

• eFC Ref no

  585299

Company Overview

Markit was founded in 2001 as the first independent source of credit derivative pricing and has recently been announced as the fastest growing private company in the UK. Today, our data, valuations and trade processing services are regarded as the market standard in the global financial markets, helping our clients to reduce risk, improve operational efficiency, and meet regulatory requirements.

As a private company with privileged relationships with 16 shareholder banks, Markit has unparalleled access to a valuable dataset spanning credit, equities and the broader OTC derivative universe. Our unique relationships with the bank shareholders give us the opportunity to work closely with these leading market makers to develop innovative solutions for the marketplace.

With over 1,300 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, Chicago, Dallas, Toronto, Amsterdam, Brussels, Frankfurt, Luxembourg, Tokyo, Singapore and Sydney.

Department Overview
 
Markit Valuations Manager has been developed to simplify the collection of counterparty position data and valuations. Instead of visiting multiple FTP sites and rationalising many different file formats, the client will access daily/weekly/monthly valuation statements on-line or via a download from Markit. Markit has agreed a single set of standards with the participating banks and will act as the delivery channel for timelier, more complete and standardised counterparty valuation data.

This exciting new initiative from Markit has been carefully planned so that OTC and cash position data can be more readily accessed and quickly processed during the short time window available for NAV calculation. A time consuming manual or semi-manual process is being eliminated and the client will benefit from:

Cost reductions

Removal of operational risk

Efficient price challenge tools

Operational efficiencies

Faster turnaround

Automated audit trail and history

Markit Valuations Manager also provides integrated workflow tools to enable the client to monitor the information flow and dispute a mark on-line if required. The service holds comprehensive audit trails and history for valuations and any associated disputes.

Position summary

Due to an exciting new initiative, the Markit Valuations Manager team has several new job opportunities.

This position offers a unique opportunity for the right candidate to join a new initiative in its initial stages, be a key contributor during its build out phase, and manage/support clients once it is established. The applicant should have drive, a can-do attitude, and an ability to juggle a wide variety of responsibilities in a fast-moving environment

Duties & accountabilities

Responsibility for onboarding of key client accounts

Build up operational processes and procedures for the new valuations manager product, including scalable support and escalation procedures to accommodate rapid growth in client base whilst maintaining SLAs

Oversight of the process of transferring valuations information from partner banks to Markit Valuations manager - this is a new product so this responsibility involves helping build out a new process, as well as taking ongoing responsibility for it

Contribute to the bank onboarding process

Proactively identify and deliver improvements to process and system enhancements

Partner closely with other regional operations teams, Port Rec client onboarding team, Development, QA and Sales

Business Competencies

Education and experience
Graduate or equivalent in finance or numerical discipline is preferred

Experience in operations and/or client valuations/collateral within an investment bank 

Client services/ relationship management experience in a corporate environment an advantage

Commercial Awareness 

Excellent knowledge of financial markets, OTC derivatives and securities

Personal competencies

Personal impact

Service driven with a strong customer orientation 

Self starter able to work independently and take ownership

Strong work ethic, exceptional energy and drive

Delivery focused

Flexible and able to adapt to changing situations, with strong problem solving skills

Ability to work under pressure and to strict daily deadlines

Communication 

Able to communicate effectively across all levels with clients, internal partners and senior management

Teamwork 

Able to work effectively as part of a global team, and partner closely with other regional operations teams, technology teams, QA and sales teams

Due to the high volume of applications we receive for each of our roles we are unable to respond on an individual basis. If you have not received a response within 2 weeks of having submitted your details, it is likely that your application has not been successful on this occasion.

Please state in your covering letter that you are eligible to work in the location that we are seeking to make this appointment. We are committed to being an equal opportunity employer.

We kindly and respectfully request agencies not to submit applications.