Barclays - AVP - PC Valuations

Overall purpose of role

- Independent price verification (IPV) and the calculation of fair value adjustments (FVAs)

- Reporting results and conclusions to senior management with recommended actions

- Analysis of valuation models as part of the price verification process, including as necessary liaising with Quantitative Analytics, Market Risk and Model Validation as part of the trade approval process

- Oversight and analysis of FVA methodologies and oversight of product observability review processes

Key Accountabilities

- Independent price verification for various cash and derivative products.

- Calculation of various fair value adjustments when required

- Full ownership of the month end valuation production cycle:

- Preparation process from a logistic, process & IT point of view:

- Generation of IPV variances, valuation uncertainty, reserves

- Analysis / commenting of results

- Escalation of valuation issues

- Communicating/reporting IPV results to finance management, trading desks and external stakeholders (auditors, regulators), via the production of the monthly IPV reporting pack and communication in relevant meetings

- Work with peers across PC-Valuation team to help establish best practice guidelines and ensure these guidelines are well-communicated and adhered to.

- Working on creating solutions/improvements to the IPV process. This requires working with the - Change Management- team to enhance specification of technology requirements as well as assisting with testing & managing new releases.

Person Specification

Your Skills and Qualifications will include

Essential:

- Quantitative primary degree.

Preferred:

- Advanced degree in similar subjects. Further professional qualification such as ACA, CIMA, CFA or MBA.

Experience :

Essential:

- Valuation control or product control experience in a financial services environment. Strong front to back valuation control experience.

Preferred:

- Experience with presentation and communication to senior management (which may have been obtained as part of a Professional Services / Consulting firm)

Essential Skills/Basic Qualifications:

- Strong organisational skills and structured management approach, supporting timely delivery of complex meeting material that includes input from across the global Valuations team.

- Strong communication skills including the ability to distill complex issues into an easy to digest summary for senior management.

Understanding of fundamental accounting principles related to valuations.

- Good understanding of Microsoft Office products.

- Proactive change champion who looks to develop and embed best practice.

- Strong communicator (written and interpersonal) with an understanding of senior management perspective.

- Confident and assertive with the ability to negotiate and influence constructively across teams and geographies.

- Capable reviewer of meeting materials and commentary, with a high level of attention to detail.

Numerate.

- Strong organisational skills and structured approach.

- Strong control focus.

Desirable skills/Preferred

Qualifications:

- Strong workflow management skills and good knowledge of a high standard reporting function.

- Understanding of a range of asset classes.

- Strong coding skills ( Python/VBA /R etc)

- Advanced Interest Rate derivatives product knowledge