Valuation control groups

The valuation control groups within investment banks that review the valuation on trades ie. structured products, derivatives or illiquid investments - where does that usually lead you in terms of career path? Many seem to co-mingle with product control with one price testing but I'm trying to get out of back office controllers group and this actually sounds interesting~~

What types of positions do people usually end up in?

Please help! thanks =)

 

You'll be doing mark review (getting consensus on trader's position marks through Bloomberg, outside brokers, etc.) or model review/governance (testing and approving the new models created by the strategists). You'll need programming (MATLAB, R, etc.) and advanced math (Stochastic Calculus) knowledge for the latter. Not sure what your background is in either of those fields.

Regardless of the label you put on the position, it's not a terrible place to start, especially if you can't get a trading position. I've seen people from there move on to a BU risk teams and even to strat/quant roles.

 

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