Head of Valuation Control 100% (f/m/d)

At Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth. Let’s shape the future of wealth management together. Valuation Control is part of Product Control which is focused on the trading and treasury activities of Julius Baer. Independent compilations of profit and loss figures allow for a transparent and save business environment ensuring accurate financial reporting. Front to back reconciliations of positions, cash accounts and profit and loss statements ensure data integrity across systems. Valuation Control collaborates with Finance, Risk, and Front Office functions to support transparent financial reporting and meets regulatory and audit obligations. Operating independently, Valuation Control provides a crucial second-line-of-defence oversight to safeguard the reliability of the Bank’s financial statements. Its function ensures the accuracy and integrity of fair value measurements for financial instruments, primarily under IFRS 13 requirements. It performs independent price verification, identifying and resolving discrepancies. The team oversees the classification of instruments within the fair value hierarchy (Levels 1–3) and monitors the use of pricing models, especially for illiquid or complex products. Moreover, Valuation Control is responsible for the calculation of various additional valuation adjustments under Prudent Valuation regulations. As such the team ensures a robust valuation governance framework to enhance the credibility and reliability of financial reporting by reflecting realistic market conditions, thereby strengthening investor confidence, supporting regulatory compliance, and mitigating the risk of future losses or restatements. The successful candidate will be a senior valuation control professional with strong technical expertise across financial instruments, valuation methodologies, valuation uncertainty and regulatory expectations. The role requires strong leadership, provides independent challenge to Front valuations and partners across Finance, Product Control, Market Risk, Model Validation, Front Office, Regulatory Reporting and Technology. The role will provide senior ownership of valuation governance, independent price verification, valuation adjustments, fair value control, prudent valuation adjustments and related control processes. YOUR CHALLENGE The role of the Head of Valuation Control includes: Lead Valuation Control within Product Control, overseeing valuation governance, independent price verification (IPV), valuation adjustments, and fair value controls Defining and implementing the target operating model for prudent valuation adjustments (PVA), including methodology, governance, controls, data requirements, systems, reporting and senior management oversight Lead development and governance of additional valuation adjustments (AVA), covering market price uncertainty, close-out costs, funding & investing costs, unearned credit spreads, concentrated positions, future administrative costs and early termination Enhancement of the Bank’s valuation control framework Assessing new products in the new product approval process Develop a comprehensive fair value levelling framework Provide senior-level oversight of valuations for trading and treasury products, including derivatives, fixed income, rates, credit, FX, and structured instruments Ensure robust independent price verification through price testing, adjustments, valuation challenge, and escalation Deliver independent challenge to Front Office pricing, models, assumptions, and methodologies Establish strong governance via methodology reviews, control standards, documentation, approvals, and senior reporting Present valuation control insights to senior management, risk committees, auditors, and regulators Ensure valuation processes are underpinned by reliable data, systems, controls, and auditability Support internal/external audits and regulatory reviews on fair value and valuation control matters Drive automation, process improvements, and control enhancements for greater efficiency and scalability Lead and develop a high-performing team of valuation control specialists, fostering technical excellence and career growth YOUR PROFILE Degree in Finance, Economics, Mathematics, Engineering, or a quantitative field Extensive experience in Risk or Finance (10+ years) of which at least 5-year experience in Valuation Control, Market Risk, or related banking control functions Proven leadership track record within valuation or product control environments Leading the Bank’s PVA agenda within Product Control / Valuation Control Deep technical expertise in fair value governance, IPV, valuation reserves, and PVA, including market price uncertainty, model risk, and close-out costs Strong knowledge of financial instruments across rates, credit, FX, derivatives, fixed income, and structured products Experienced in challenging valuation models, assumptions, inputs, and outputs in collaboration with Front Office and Model Validation Thorough understanding of regulatory requirements (IFRS 13, Basel, EBA) relating to fair value and valuation control Skilled in designing and enhancing valuation control frameworks, governance, reporting, and system-driven controls Strong data and technology awareness, with ability to drive automation and control improvements Programming skills (Python, SQL or alike) desirabl Excellent analytical, communication, and stakeholder management skills—effective at engaging senior leaders, auditors, and regulators Capable of leading teams and delivering results in complex, highly regulated environments Professional qualification (e.g., CFA, FRM, ACA/ACCA, CPA) desirable Business fluency in English required, German an advantage We are looking forward to receiving your full job application through our online application tool. Further interesting job opportunities can be found on our Career site. Is this not quite what you are looking for? Set up a job alert by creating a candidate account here. The international reference in wealth management Julius Baer is the leading Swiss wealth management group. We focus on servicing and advising sophisticated private clients from around the world, taking into account what truly matters to them – in their business and personal life, today and for future generations. Headquartered in Zurich, we are present in around 60 locations worldwide, including Bangkok, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Mexico City, Milan, Monaco, Mumbai, Santiago de Chile, Shanghai, Singapore, Tel Aviv, and Tokyo. Why join Julius Baer? At Julius Baer our employees enjoy the benefits of a global company with the support and collegiality of a much smaller one. We are growing quickly, but we remain dedicated to maintaining our accessible structure with flat hierarchies, and approachable and supportive leaders. With offices around the world, we offer an international and stimulating work environment and the opportunity to work with a diverse team of highly motivated colleagues, bringing the best of the bank to our clients. Our core values of Care, Passion, and Excellence define the tone of how we interact with each other and our partners. Committed to your success Whether nurturing young talent with our renowned apprentice scheme, enabling ambitious university graduates to put theory into practice with our Graduate Programme, or providing first-class opportunities for experienced professionals, we look after our employees. We believe in continuous learning as a company and as individuals, which is why we put a focus on the health and well-being of our employees and offer flexible working options, a wide array of benefits, and extensive career development programmes. For more information visit www.juliusbaer.com or contact us via the Contact Form. For recruiting agents, please see the additional information here.