Avp - Collateral Ipv

Job Title : AVP - Collateral IPV
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

Hybrid Working

Structured hybrid role:
Introduction:

- 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

What will you be doing?
- 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.

What we’re looking for:

- 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.

Skills that will help you in the role:

- 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
- Coding skills in Python/VBA or equivalent
- Good understanding of Microsoft Office products.
- Experience with Bloomberg, Reuters terminals.

Where will you be working?
Chennai

Be More at Barclays
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.