Overall purpose of role

• Consolidation, challenge and communication of valuation control output across all business areas and products (i.e. independent price verification results, valuation uncertainty / prudent valuation adjustments and fair value adjustments).
• Internal and Regulatory Reporting
• Production of valuation related regulator deliverables.
• Oversight of valuation control reporting production for the Barclays Valuation Committee and associated subcommittees.
• Oversight of valuation governance and policy, with key focus on the global Independent Price Verification (IPV) policy.
• Oversight of general controls around other valuation related policies, including coordinating policy reviews and ensuring consistency of policy application across business areas.
• Contribution to the design and implementation of best in class valuation control infrastructure as part of an existing project.

Key Accountabilities

• Understanding the Independent price verification for various cash and derivative products and preparation of key Valuations governance packs focusing on reporting and controls
• Full ownership of the month end valuation reporting and controls production cycle
• Analysis 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
• Valuation control, product control, Financial control, Reporting or FP&A experience in a financial services environment.

Stakeholder Management and Leadership

• The job involves significant extent of Stakeholder management. Involves liaising with leaders in Valuation Controls globally, Product Control and other infrastructure areas as required.
• Barclays Front Office: including all layers of FO trading staff, trading supervisors and ultimately Trading Management.
• Finance and Product Control senior management: including the global head of Valuations, global head of Product Control and business area PC Valuations leads.
• Barclays Valuation Committee: this forum is the focal point for Finance, Risk and Front Office to discuss and resolve valuation and model related issues. The Committee meets monthly to discuss headline valuation issues that are of significance to the banking industry, and assess any likely impact of these issues on Barclays.
• Barclays Board Audit Committee: the committee responsible for signing off the Barclays Group accounts receives regular updates from Valuation Committee on areas of significant judgement in the valuation and disclosure of financial instruments.
• Barclays Internal Audit
• Regulators and External Audit.

Desirable skills/Preferred Qualifications:

• Experience with presentation and communication to senior management (which may have been obtained as part of a Professional Services / Consulting firm)
• Good understanding of Independent Price Verification, Fair Value Adjustment and Prudent Valuation Adjustment concepts
• Strong workflow management skills and good knowledge of a high standard Reporting, Controls and Audit function

Location : Chennai / Pune

Purpose of the role

To conduct the accurate and timely valuation of financial instruments, and establishment of valuation methodologies, monitoring of market conditions, and provision of valuation insights to support financial reporting, risk management, and business decisions.

Accountabilities

• Development and maintenance of valuation methodologies for various financial instruments, and implementation of appropriate valuation models based on the characteristics of the financial instruments and market conditions.
• Management of valuation process for the bank’s trading portfolio, including regular valuations of financial instruments and approval of valuations performed by colleagues.
• Analysis of market data to assess valuation inputs, assumptions, and potential valuation risks.
• Preparation and review of valuation reports, and support in preparing regulatory filings and financial statements.
• Provision of valuation insights to traders, risk professions and senior colleagues, and identification of areas for improvement in valuation methodologies and processes.

Director Expectations

• Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
• Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
• Escalates breaches of policies / procedure appropriately.
• Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
• Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
• Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
• Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
• Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
• Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
• Negotiate with and influence stakeholders at a senior level both internally and externally.
• Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
• Mandated as a spokesperson for the function and business division.

All Senior Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.