Models and Methodologies - AVP

The Models and Methodologies Team (MM) is a technical function of Subject Matter Experts (SMEs), who are responsible for the independent review, challenge and validation of valuation models and methodologies including but not limited to Fair Value Adjustments (FVAs), Prudent Valuation Adjustments (PVAs) and Independent Price Verification (IPV) methodologies.

Furthermore, MM provides independent challenge and subject matter expertise by:

• Supporting the enhancement of valuations related models and methodologies to ensure ongoing compliance with the accounting and regulatory requirements and with the regulators expectations,
• Working with Front Office Quants, Valuation Control and Model Risk Management to challenge and enhance valuation models and methodologies across all asset classes and their associated documentation,
• Identify, assess and highlight areas that could cause potential valuation risk to the bank and help develop solutions to enhance the existing models, methodologies, processes and controls to prevent that risk.
• Develop tools and processes that enable the ongoing, transparent monitoring of the appropriateness of models and methodologies, in collaboration with the model owners.
• Support responses to Regulatory feedback on aforementioned themes and develop solutions/remediations when required

We are looking for an exceptional candidate who has experience in the above-mentioned areas, obtained ideally in a valuation function, market risk management function, pricing model validation function or on a trading role in a top tier investment bank.

Ideally you will also have experience in Phyton and/or C++ programming combined with hands‑on experience in Artificial Intelligence used to increase efficiencies as well as solve complex business and technical problems.

Strong interpersonal and communication skills are important for the role, as well as being a team player and working collaboratively in a constructive environment.

You may be assessed on key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.

Purpose of the role

Responsible for the independent review, challenge and validation of valuation models and methodologies including, but not limited to, Fair Value Adjustments (FVAs), Prudent Valuation Adjustments (PVAs) and Independent Price Verification (IPV) methodologies. 

Accountabilities

• Drive consistency across asset classes in what regards the validity and appropriateness of models, methodologies and their associated documentation 
• Supporting Finance teams in the identification of their inventory of quantitative and qualitative models and quantitative processes  
• Support the enhancement of models and methodologies to ensure ongoing compliance with the accounting standards and with the regulatory requirements, as well as in line with best market practices 
• Enhance the valuation control standards and ensure these are kept in line with the relevant regulatory requirements and the model governance standards, 
• Engagement with the models owners such as Valuation Control (VC) and Front Office Quants teams, as required, to challenge and enhance valuation models/methodologies and its  associated documentation. 
• Perform the role of Subject Matter Experts (SMEs) in the model validation of Qualitative (valuation) models, in line with the firm’s model validation and approval framework, whilst collaborating with Model Risk Management, and provide assistance on the validation of Quantitative (valuation) models, when required.  
• Collaborate with Model Risk Management to influence, support and enhance the firm’s model governance framework. 
• Design and implementation of tools and processes that enable the ongoing, transparent monitoring of the appropriateness of models and methodologies, in collaboration with the model owners. 
• Support responses to Regulatory feedback on the aforementioned themes and develop solutions/remediations when required  

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• If the position has leadership responsibilities, People 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.
• OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

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.