Models and Methodologies Specialist - Vice President

Join Barclays as a Models and Methodologies Specialist - Vice President. 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.

To be successful in this role, you should have:

• Strong blend of technical expertise and relevant experience in valuation function, risk management function, model validation function or trading role in a top tier investment bank.

• Direct involvement in the development and/or validation of valuation models/methodologies, such as model valuation adjustments and other fair value adjustments, Prudent Valuation Adjustments and IPV methodologies, among others.

• Strong financial product knowledge and a track record in dealing with Traders and Front Office Quantitative Analysts on valuation-related issues.

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

• Should be able to articulate well and explain the various concepts clearly to different audiences, from senior management to technical experts, as required.

• The ideal candidate should have a MSc and/or PhD in a technical area such as Mathematics, Statistics, Physics, Engineering, Quantitative Finance or a related technical field.

Some other highly valued skills may include:

• Experience in interacting with regulators during deep dives/audits of valuation controls and valuation models/methodologies.

• Knowledge of programming languages such as VBA, Python, R, C++ and other relevant programming languages will be a plus.

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 will be based in our Pune office.

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  

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.