VP - Valuations Product Control

Join us as a VP - Valuation Control, Securitized Products, where you will ensure accurate and timely valuation of financial instruments. You will oversee independent price testing, fair value adjustments, prudent valuation and valuation methodologies while collaborating with front office, market risk, product control and senior stakeholders. Your role includes independent oversight of securitized product portfolios, valuation input verification, and regulatory & audit compliance.  This is an opportunity to apply your expertise in valuation control, learn about products and their markets, and rise to the opportunity in a dynamic team.

To be successful as a VP - Valuation Control, Securitized Products, you should have experience with:

• Independent valuation control, credit/market risk or similar roles.
• Fundamental knowledge of securitized products (RMBS, CMBS, ABS, CLO, whole loans, etc).
• Having a control mindset, the drive to get things right.
• Experience in price verification, pricing models, and valuation methods.

Some other highly valued skills include:

• Proficiency in Intex, Bloomberg, Yield Book, and market data analysis.
• Communication and stakeholder management skills, interaction with audit and compliance.
• Bachelor’s or Master’s in Finance, Economics, Mathematics, or related field.

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.

This role is based in New York

Salary/rate minimum $177,200

Salary/rate maximum $192,908

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available.

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.