About us In Piraeus our purpose is to be a pillar of stability for the Greek economy, to fuel growth and to promote innovation. We aim our footprint in society to be positive and lasting, for the benefit of our customers, our people, our shareholders and society at large, fully reflecting our values. In this way we express in practice our will to: create value in all we do, challenge the frontiers, enthuse our customers and build relationships of trust. Piraeus offers a full range of financial products and services to 6.0mn customers, representing the leading Bank in Greece in terms of customer loans and deposits. Piraeus has been honored with three prestigious international awards at the Euromoney Awards for Excellence 2024: "Best Bank in Greece", "The World's Best Bank Transformation" and “Best Bank in Greece for Corporate Responsibility”. We are proud to be the only Greek company to be included, for the 4th consecutive year, in the Financial Times list of “Europe’s Climate Leaders” in 2024. About the Role We are seeking an experienced Middle Office and Valuations Senior Manager to join our Finance Operations & Controls unit and specifically Our Middle Office team, responsible for overseeing the valuation methods and processes of various derivatives instruments, the calculation of xVAs (credit, funding, capital, and margin valuation adjustments), the effectiveness of hedging relationships under hedge accounting and the risk control procedures followed. The role requires strong expertise in derivative products and risk management, for ensuring accurate valuation and compliance with regulatory standards. Responsibilities • Works closely with front office, risk management, and finance teams to optimize valuation methods, xVA metrics and manage counterparty credit risk • Oversees the calculation of Credit Valuation Adjustment (CVA), Debit Valuation Adjustment (DVA), Funding Valuation Adjustment (FVA), and other relevant adjustments • Oversees the daily and periodic valuation of derivative portfolios and margin requirements ensuring accuracy and compliance with accounting standards and regulatory requirements • Oversees independent price verification (IPV) processes to validate front-office valuations • Develops and maintains robust control frameworks to ensure valuation processes adhere to internal policies and external regulations • Ensures accurate and timely reporting of valuation adjustments and risks to senior management • Drives process enhancements, automation, and efficiency improvements in valuation methodologies and controls • Calculates sensitivity indices and adjustments (CVA, DVA, xVA) for capital adequacy and counterparty risk management • Participates in the setup of new derivatives instruments and cooperates with external system or pricing vendors Qualifications • Postgraduate studies in Financial Mathematics, Engineering, Quantitative Finance, Applied Mathematics, or a related field • Up to 6 years of relevant professional experience in a similar role in Financial Institutions, such as Asset Management firms, Hedge Funds, Privaty equity Firms or Brokerage firms • Deep expertise in derivative pricing, financial risk management, and regulatory frameworks, with a focus on CVA, DVA, FVA, and other relevant adjustments • Excellent knowledge of SQL and BI tools • Excellent verbal and written communication skills in English • Very strong analytical skills and problem-solving mindset What's In It For You In our bank it is a top priority to provide a modern work environment, where all our employees can perform and grow. As an employee of Piraeus Bank, you will be part of an organization that: • Holds a leading position in the Greek economy and maintains a robust presence in the community • Instills a workplace culture that embraces open communication, respect, inclusion and equal opportunities • Offers a competitive remuneration package, private health insurance program and other benefits for both employees and their families • Provides a challenging working environment that values accountability and celebrates high performance by implementing appropriate incentives • Empowers personal & career development and continuous learning while encouraging creative thinking and innovation • Provides an all-bank wellbeing program, fostering initiatives that enhance physical, mental & emotional health • Provides digital technologies and tools that fully support new ways of working and flexible working options, while communicate regularly and effectively