Valuation Control Model Development - VP

Barclays UK; Greater London; On-site; GBP 80,000 - 110,000; Full time

Job summary

A leading financial services firm in the United Kingdom seeks a Valuation Control Model Development VP to manage and enhance valuation methodologies for financial instruments. The candidate will play a crucial role in ensuring compliance with regulatory standards while collaborating with internal teams. Responsibilities include managing the valuation process, analyzing market data, and providing strategic insights. Strong knowledge in valuation control, financial products, and programming languages is essential for success in this role.

Qualifications

• Experience in valuation control or related functions within a top-tier investment bank.
• Ability to manage own workload while meeting deadlines.
• Knowledge of financial products and methodologies.

Responsibilities

• Develop and maintain valuation methodologies for financial instruments.
• Manage the valuation process and regular valuations of the trading portfolio.
• Analyze market data for valuation inputs and risks.
• Prepare valuation reports and assist with regulatory filings.
• Provide valuation insights to traders and senior colleagues.

Skills

Understanding of model governance requirements

Experience in valuation control

Ability to manage workload independently

Knowledge of programming languages (Python, VBA, R, C++)

Project management skills

Job description

Valuation Control (VC) is a critical technical function within Finance, dedicated to ensuring the integrity of Fair Value through robust Fair Value Adjustments (FVAs), Prudent Valuation Adjustments (PVAs), and Independent Price Verification (IPV) methodologies. As a Vice President within the newly established Valuation Control Model Development team, you will play a pivotal role in designing and enhancing quantitative and qualitative models that underpin these processes. This cross-asset class role offers a unique opportunity to influence strategic improvements in model governance across the bank, ensuring compliance with regulatory standards and alignment with best market practices.

To be successful as a Valuation Control Model Development VP, you should have the following experience:

• Understanding of model governance requirements and regulatory policies, with ability to address valuation requirements in line with accounting and regulatory standards
• Experience in valuation control or a related function (e.g., risk management, model validation, or trading) within a top-tier investment bank
• Ability to manage own workload, demonstrating proactivity and independence in meeting deadlines
• Background in developing or validating models and methodologies combined with financial product knowledge

Some other highly valued skills may include:

• Experience or knowledge of valuation models and methodologies used for FVA, PVA, IPV.
• Experience supporting regulatory and audit challenges related to valuation controls and valuation models/methodologies
• Ability to engage with Traders and Front Office Quantitative Analysts on valuation-related issues and provide clear explanations to diverse audiences
• Knowledge of programming languages such as Python, VBA, R, or C++ for model development and process automation
• Project management and collaboration skills to deliver plans in partnership with core Valuation Control teams and meet model governance deadlines

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 based within either our London or Glasgow 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 elevate 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.