Valuations Control - Credit Lead London, England
Job description
Valuations Controller-Credit
London
As a Barclays Valuations Controller-Credit, you will ensure that the firm's FI Credit portfolio is appropriately valued, based on a combination of analysis of market data inputs and assessment of the pricing models and methodologies used at both a portfolio and individual trade level. As part of the Product Control Valuations team, you will be responsible for performing regular independent price verification, providing oversight of provision and reporting of Regulatory Prudent Valuations.
Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality and innovation behind us. We offer careers that provide endless opportunity – helping millions of individuals and businesses thrive, and creating financial and digital solutions that the world now takes for granted.
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.
- Being part of the Valuation Control function and being responsible for liquid Credit & Structured Credit trading, Price Testing, fundamental Credit Valuation in bond and loan markets
- Accounting for calculating applicable Fair Value, Additional Valuation Adjustments and Prudential Valuation for fair value positions, reviewing methodologies
- Discussing, reporting, and escalating to Front Office and senior management of price testing results, prudent valuation, and reserves, IFRS13 levelling, day 1 P&L, general modelling issues
- Collaborating with trading/business heads, product control, risk management and quantitative departments on valuation and modelling issues
- Reviewing new models from valuation perspective to provide approval as part of the model validation process, being involved with regional and global ad hoc projects /investigation
- Investigating pricing and model uncertainty in methodology and parameters used, testing model calibration employed
- Collaborating within a team that is accountable for the calculation of price testing results, fair value, and prudential valuation adjustments
- Being responsible for managing relationships across departments and the desk
- MSc in quantitative discipline or a similar qualification and/or professional qualification (e.g., CFA, FRM) is preferred
- Robust experience in a Credit Valuation Control function (preferably Illiquid Markets and Structured Credit), risk management or trading role of a top tier investment bank
- Experience and proven track record in dealing with junior and senior members of Front Office, Line Product Control, Risk Management teams across various locations
- Proactive and assertive in identifying control or valuation concerns, challenging the Business and driving control improvement for their area
- Excellent financial product knowledge and attention to detail, able to multi-task and prioritize
- Good interpersonal skills and stakeholder management and ability to work independently to resolve unstructured problems, excellent team player
- Excellent communication skills and ability to present /explain complex issues in simple terms with stakeholders from Trading, Finance, Market Risk and IT across different levels
- Proactive in determining control or valuation concerns and driving control improvement for their area and being able to work under pressure to tight deadlines
Where will you be working?
In the heart of Canary Wharf, our headquarters at Churchill Place boasts onsite amenities such as; a gym, staff restaurant and deli bar, and is easily accessible by tube and bus links. With a population of around 5000 staff the atmosphere is second to none with a real buzz being created around the offices within.
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