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Company Name : Barclays
Location : Chennai, Tamil Nadu
Position : AVP – PC Valuations
Job Description : Job Title: AVP – PC Valuations
Location: Chennai
About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.
Risk and Control Objective
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.
Working Flexibly
We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.
If you would like some flexibility, then please discuss this with the hiring manager.
Introduction:
Independent price verification (IPV) and the calculation of fair value adjustments (FVAs)Reporting results and conclusions to senior management with recommended actionsAnalysis 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 processOversight and analysis of FVA methodologies and oversight of product observability review processes
What will you be doing?
Independent price verification for various cash and derivative products.Calculation of various fair value adjustments when requiredFull ownership of the month end valuation production cycle:Preparation process from a logistic, process & IT point of view:Generation of IPV variances, valuation uncertainty, reservesAnalysis / commenting of resultsEscalation of valuation issuesCommunicating/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 meetingsWork 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.
What we’re looking for:
Quantitative primary degree.Valuation control or product control experience in a financial services environment. Strong front to back valuation control experience.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 distil 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.
Skills that will help you in the role:
Advanced degree in similar subjects. Further professional qualification such as FRM, ACA, CIMA, CFA or MBA.Experience with presentation and communication to senior management (which may have been obtained as part of a Professional Services / Consulting firm).Strong workflow management skills and good knowledge of a high standard reporting function.Understanding of a range of asset classes.
Where will you be working?
Chennai
Be More at Barclays
At Barclays, each day is about being more – as a professional, and as a person. ‘Be More @ Barclays’ represents our core promise to all current and future employees. It’s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.
Purpose, Values and Mindset
We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.
Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.
Respect
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone’s contribution.
Integrity
We operate with honesty, transparency and fairness in all we do.
Service
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
Excellence
We champion innovation, and use our energy, expertise and resources to make a positive difference.
Stewardship
We prize sustainability, and are passionate about leaving things better than we found them.
Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.
Empower
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
Challenge
Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.
Drive
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.
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