The World of Derivatives and Valuation Control
Date: 13 September 2017
Time: 6:00–7:00 p.m. India Standard Time. Convert to your time zone.
Speaker: Karthik Ramamurthy, Standard Chartered GBS, Bangalore
CE Credit: 1 CE credit
Cash and derivatives trading constitute core front office activities for most leading financial services firms, and the Valuation Control (VC) group plays a critical role in controlling and supporting these activities. The group formulates and implements valuation adjustment and price testing policies to ensure that the valuation of the Bank’s positions are appropriately recorded. In addition, the group is responsible for operating the controls around the daily benchmark rate setting and for the quarterly submission of the Bank’s Prudential Valuation Adjustments to the relevant financial regulators. For reference, the cumulative book size (by Total Asset) across major banks is estimated to be USD 12 trillion. The VC group across leading banks employs around 100-200 personnel and are expected to be well versed in both the analytical and numerical techniques relating to the valuation of a variety of financial instruments, including bonds, loans, derivatives as well as more bespoke, private equity related positions. The purpose of this webinar is to give a broad understanding of the Valuation Control process, including practitioner insights into best practices and current challenges.
Karthik Ramamurthy heads the Valuation Control team at Standard Chartered GBS, Bangalore. Prior to working at Standard Chartered he worked at Goldman Sachs, JPMorgan, Barclays and CIBC in London, covering Valuation Control, Market Risk Management and IT. In his previous role at CIBC, he was Executive Director of Market Risk Management, overseeing European risk for all asset classes. He holds a Master's degree in Finance from London Business School.
Continuing Education for CFA Institute members: Provide your CFA Institute ID number upon registration to facilitate the automatic entry of CE credit into your record at the close of the live webinar.