Barclays
Location
Chennai | India
Job description
Job Title : Macro Vals VP
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
Take ownership for managing risk and strengthening controls in relation to the work you do
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, and your request will be reviewed subject to business needs.
Hybrid Working
Structured hybrid role:
At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, 'anchor', days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.
Introduction:
. Provide effective valuation control and oversight for FI Credit and Treasury (referred as the assigned asset class in the rest of the document) businesses to ensure compliance with valuation control policies and standards
. Supervise the activities of the assigned asset class IPV teams to ensure quality and timeliness of Core deliverables.
. Proactively communicate insights, observations and escalations regarding the valuation control environment of the assigned asset class businesses to regional business, finance management and other stakeholders. Provide management information and reporting for regional valuation control.
. Establish a strong collaborative relationship with regional IPV & line control teams and provide finance partner role to the Trading desks and BMs, including providing independent valuation support.
What will you be doing
. Be subject matter expert on the assigned asset class Price Testing (PT), Fair Value Adjustment (FVA), Prudent Valuation Adjustments (PVA) methodologies, and proactively work to improve existing processes and methodologies.
. Provide independent valuations challenge, analysis, reporting and adhoc investigations, covering the full spectrum of products in Equities business lines.
. Proactively communicate and escalate valuation or Business related observations and concerns.
. Address questions or requests from internal & external Audit and Risk & Controls team as required.
. Proactively collaborate and communicate with the Global PC-Valuations teams, other control functions such as Risk and PC-Line.
. Maintenance of the general Control governance, completeness, IPV and documentation surrounding these businesses.
. Provide support to Head of India PC-Valuations in team management and Chennai PC related initiatives and administrative requirements.
. Engage in detailed discussion with traders, risk managers and Independent Valuation Control team on the results. Liaise with valuation expert on modelling appropriateness and other technical/booking issues.
What we're looking for:
o Proactive change champion who looks to develop and embed best practice.
o Strong communicator (written and interpersonal) with an understanding of senior management perspective.
o Confident and assertive with the ability to negotiate and influence constructively across teams and geographies.
o Capable reviewer of meeting materials and commentary, with a high level of attention to detail.
o Numerate.
o Strong organisational skills and structured approach.
o Strong control focus.
Skills that will help you in the role:
. Experience of around 8-12 years in valuation control function
. Quantitative primary degree (or CA)
. Valuation control or product control experience in a financial services environment.
. Strong communication skills including the ability to distil complex issues into an easy to digest summary for senior management.
. Strong understanding of Financial Derivatives
. Advanced degree in similar subjects. Further professional qualification such as CQF, FRM, ACA, CIMA, CFA or MBA.
. Coding skills in Python/VBA or equivalent
. Good understanding of Microsoft Office products.
. Experience with Bloomberg, Reuters terminals.
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.
Job tags
Salary
