Manager & Senior Manager - Audit Valuation for ECL & Derivatives - MENA

Manager – Senior Manager - Valuations-Complex Securities & Expected Credit Loss (ECL)

EY is seeking a highly skilled Valuation Specialist to join its Assurance Valuation team. This role involves reviewing and evaluating the valuation of complex financial instruments, including derivatives, for audit purposes. It offers an excellent opportunity to advance your career within a prominent firm through diverse engagements, mentoring, and continuous learning.

Key Responsibilities:

• Ensure accurate reporting of derivatives and hedge transactions, including interest rate swaps, FX and currency swaps, credit default swaps, and other complex financial instruments.
• Provide expertise in valuing various financial instruments, such as corporate bonds, treasury bills, debt securities, loan interest, and equity securities.
• Assess and document hedge effectiveness for different types of hedges, including fair value hedges.
• Review and evaluate the valuation of complex financial instruments, including:
• Forward currency contracts, future contracts, FX spot, and forward deals
• Expected Credit Loss (ECL)
• Options, warrants, and share-based payments
• Fixed income securities and tranches
• Other derivatives, including Employee Stock Options (ESOPS)
• Total Shareholder Return (TSR) and Convertible Bonds
• Bonds with embedded options and Sukuk
• Derivative Strategies and Structured Derivatives
• Contingent consideration arrangements
• Simple Agreement for Future Equity (SAFE) notes
• Credit Linked Notes (CLN)
• Incremental Borrowing Rate (IBR)
• Develop and maintain complex financial models using techniques such as Monte Carlo simulation, Black-Derman-Toy model, lattice techniques, and finite difference methods.
• Ensure compliance with relevant accounting standards, including IFRS 9 (Financial Instruments) and IFRS 13 (Fair Value Measurement).
• Lead derivatives valuation engagements primarily for financial reporting, ensuring quality and timely delivery.
• Utilize advanced tools like Python, R, @Risk, VBA, and data sources such as Bloomberg, Refinitiv, and CapitalIQ.
• Stay updated on current business and economic trends, incorporating relevant information into valuation models and client engagements.
• Demonstrate strong written and verbal communication skills, presenting findings and recommendations to senior management and clients.
• Actively participate in process improvement, suggesting strategies to optimize workflows and enhance the efficiency of valuations and reporting.
• Manage a team of valuation professionals, overseeing project delivery, providing strategic direction, and ensuring continuous professional development for team members at all levels.
  
  

Skills and Attributes for Success:

• Technical Skills:
• Proficient in developing and maintaining complex financial models using Monte Carlo simulation, Black-Derman-Toy model, lattice techniques, and finite difference methods.
• Strong understanding of derivatives and hedge transactions.
• Knowledge of relevant accounting standards, including IFRS 9 and IFRS 13.
• Proficiency in programming languages such as Python and R.
• Experience with data analysis using Bloomberg, Refinitiv, and CapitalIQ.
• Soft Skills:
• Excellent written and verbal communication skills.
• Ability to mentor junior staff and enhance model creation.
• Strong analytical and problem-solving capabilities.
• Ability to work collaboratively with cross-functional teams.
• Proven project management and interpersonal skills.
• Competence in explaining complex financial concepts to non-technical stakeholders.
  
  

Qualifications:

• A postgraduate degree in Finance, Economics, Accounting (CA), or Business with 5+ years of relevant experience.
• At least 5 years of direct experience in valuation techniques and methodologies in a business valuation firm, venture capital, investment banking, or financial research.
• Experience in financial modeling, particularly in building models from scratch in MS Excel.
  
  

What We Offer:

• Continuous learning opportunities to develop skills for future challenges.
• Flexibility and tools to make a meaningful impact.
• Insights and coaching for transformative leadership.
• A diverse and inclusive culture that empowers individuals.
  
  

About EY: EY aims to build a better working world by creating long-term value for clients, people, and society. With teams in over 150 countries, EY provides assurance, consulting, law, strategy, tax, and transaction services, helping clients navigate complex issues.

If you meet the criteria, please contact us promptly. The exceptional EY experience awaits you.