Valuations Control - VP

In this role, you will ensure that the firm’s Fixed Income (FI) Credit portfolio is accurately valued. This involves reviewing market data inputs and assessing pricing models and methodologies at both the portfolio and individual trade level. As part of the Valuations Control team, you’ll be responsible for conducting regular independent price verification, overseeing provisions, and reporting on Regulatory Prudent Valuations.

Some of the main responsibilities include:

• Being a key member of the Valuation Control function, focusing on liquid Credit and Structured Credit trading, price testing, and fundamental credit valuation in bond and loan markets.
• Calculating fair value positions, Fair Valuation Adjustments (FVA), and Prudential Valuation (PruVal), while reviewing and refining valuation methodologies.
• Discussing, reporting, and escalating price testing results, prudent valuation calculation, IFRS13 levelling, Day 1 P&L review, and general modelling issues to the Front Office and senior management.
• Collaborating with trading/business heads, product control, risk management, and quantitative teams to address valuation and modelling challenges.

To be successful as a Valuations Control Lead (VP), you must have:

• Good experience in a Credit Valuation Control function, ideally within illiquid credit markets and structured credit, or in a risk management/trading role at a top-tier investment bank.
• Proven ability to work with both junior and senior stakeholders across Front Office, Product Control, and Risk Management teams in multiple locations.
• A proactive and assertive approach to identifying valuation or control concerns, challenging the business, and driving improvements in control processes.
• A Master’s degree in a quantitative discipline or a relevant professional qualification (e.g., CFA, FRM) is preferred.

You may be assessed on the 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

This role is located within our London office. 

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

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• 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 be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• 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.