Valuation Control – VP - TWD, FRTB and Central Valuations

As a VP in the Central Valuation Control team, you will play a crucial role in supporting key regulatory and strategic projects. Your primary responsibilities will include leading the Fundamental Review of the Trading Book (FRTB) and Trading Wind Down (TWD), and collaborating with central programs to design and implement valuation control capabilities. This will involve creating reporting and control environments for these projects, as well as overseeing the implementation of new processes and controls.

Specific project management duties will encompass:

• Lead and coordinate TWD and FRTB execution activities such as dry-runs, periodic simulations and on-demand runs as mandated from central programs. Ensure compliance with time-bound SLAs on model runs during live cycles
• Interacting with multiple Subject Matter Experts across the Valuation Control, Product Control, Market Risk as part of BAU deliverables and regulatory requests
• Coordinate project management aspects, such as tracking delivery, providing management updates, running governance forums and supporting regulatory submissions

Within the Central team, you will have opportunities to work with Valuation Control Asset Class teams on a wide range of deliverables, including enhancing valuation methodologies, controls, and processes. As VP, a key part of your role will also involve collaborating across the Global Valuation Control teams to deliver an extensive book of work across a wide range of valuation control policies. This role provides a great opportunity to become a Subject Matter Expert in valuation control policies and methodologies.

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

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.

Vice President Expectations

• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills 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.