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Director - Credit Valuations Control

Chennai, India; Pune, India

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Date live: 03/19/2025

Business Area: Finance

Area of Expertise: Finance

Contract: Permanent

Reference Code: JR-0000035227

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Barclays Finance

As part of the Finance team, you'll help shape Barclays' financial strategy through accounting, budgeting, financial forecasting, and analysis. Your expertise will support management, cash and debt management, and insurance, driving the financial health and success of the organisation.

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Location: Chennai or Pune

Overall purpose of role

To ensure that the firm's FI Credit portfolio is appropriately valued, based on a combination of analysis of market data inputs and review/assessment of the pricing models and methodologies used at both a portfolio and individual trade level.

Key Accountabilities

  • Be part of the Valuation Control function managing and leading following products and main responsibilities:
    • Valuation coverage for Credit and Securitized Products businesses
    • Lead operations and pricing developments in the respective businesses: price testing; FVA’s; IFRS13 levelling; prudent valuation; etc
    • Price testing to consensus, exchange, broker, or other data of pricing inputs and model outputs for fair value positions.
    • Fundamental understanding of Credit and Securitized Products valuation in bond/loans markets, enterprise valuation techniques, securitization valuation, etc.
    • Calculation of applicable Fair Value, Additional Valuation Adjustments and Prudential Valuation for fair value positions. Review of methodologies.
  • Able and confident to discuss, report and escalate to front office and senior management of price testing results, prudent valuation, and reserves, IFRS13 levelling, day 1 P&L, general modelling issues / uncertainties for specific products / markets.
  • Liaising with trading/business heads, product control, risk management and quantitative departments on valuation and modelling issues.
  • Involvement in regional and global ad hoc projects / investigation.
  • Review new models from valuation perspective to provide approval as part of the model validation process.
  • Investigation of pricing / model uncertainty in methodology and parameters used, testing model calibration employed.

Stakeholder Management and Leadership

  • Effectively manage relationships across departments and the desk.
  • Ability to discuss, present and explain valuation results with senior business management
  • Collaborate within a team responsible for the calculation of price testing results, fair value and prudential valuation adjustments.
  • management experience

Person Specification

  • A proven team player who can work in a dynamic and fast paced team environment.
  • Proven ability of influencing and motivating others in the delivery of key projects in pressurised circumstances.
  • Actively support the development of team members in identifying strengths and weaknesses, in providing suggestions for improvements and in maintaining a constructive and open feedback culture.
  • Proactively seeking opportunities for continuous development of personal capability and identifying potential sources for new ideas and approaches, leading to an improved performance
  • Ability to interact confidently with FO and other quantitative departments of the bank in discussing pricing and modelling issues.

Essential Skills/Basic Qualifications:

  • Masters in quantitative discipline or a similar qualification and/or professional qualification (e.g. CFA, FRM) is preferred.
  • Minimum 10 years experience in a Valuation Control function, Product Control Line, risk management or trading role of a top tier investment bank.
  • Robust experience in a Credit Valuation Control function (preferably Flow and Special Situations/Distressed products), risk management or trading role of a top tier investment bank.
  • Experience and proven track record in dealing with junior and senior members of Front office, Line Product Control, Risk management teams across various locations.
  • Proactive and assertive in identifying control or valuation concerns, challenging the Business and driving control improvement for their area.

Desirable skills/Preferred Qualifications:

  • Strong financial product knowledge and attention to detail.
  • Strong interpersonal skills and stakeholder management and ability to work independently to resolve unstructured problems. Team player.
  • Strong communication skills and ability to present / explain complex issues in simple terms with stakeholders from Trading, Finance, Market Risk and IT across different levels.
  • Proactive and assertive in identifying control or valuation concerns and driving control improvement for their area. Able to work under pressure to tight deadlines. Able to multi-task and prioritize own request.

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.

Director Expectations

  • To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business wide..
  • They manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business. Or for an individual contributor, they lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
  • Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
  • Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
  • Escalates breaches of policies / procedure appropriately.
  • Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
  • Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
  • Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
  • Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
  • Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
  • Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
  • Negotiate with and influence stakeholders at a senior level both internally and externally.
  • Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
  • Mandated as a spokesperson for the function and business division.

All Senior 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.

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.

Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review Adjustments to the recruitment process.

We’re a global, vital and highly respected financial organisation with an inspiring Purpose. Operating in 39 countries and employing around 100,000 people across the world, we help communities, individuals and businesses thrive. And we’ve created financial solutions and technology that the world now takes for granted. A career with us can offer incredible variety, depth and breadth of experience, and the chance to learn from some of the best minds in technology and finance.

To find out more about Barclays' strategy please click here.

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.

We are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.

This is Barclays Chennai

Barclays Chennai is one of our key strategic locations. It’s home to over 5,000 talented and passionate Barclays colleagues, across Finance, HR, operational and technology functions ensuring the bank’s technology and infrastructure runs smoothly.

Our Chennai office is well-equipped with innovative technology. It’s designed to be a vibrant and unique working environment for all.

We’ve an onsite medical clinic staffed by healthcare professionals. Our campus also features wellness rooms for relaxation and meditation.

Based at the DLF Cybercity Chennai estate, you can get a shuttle bus for easy commuting. We also provide child care services.

Our office is close to a variety of great places to eat, socialise, shop and be entertained. Everything you need within easy reach.

This is Barclays Chennai

Barclays Chennai is one of our key strategic locations. It’s home to over 5,000 talented and passionate Barclays colleagues, across Finance, HR, operational and technology functions ensuring the bank’s technology and infrastructure runs smoothly.

A workplace of the future

Our Chennai office is well-equipped with innovative technology. It’s designed to be a vibrant and unique working environment for all.

Your wellbeing

We’ve an onsite medical clinic staffed by healthcare professionals. Our campus also features wellness rooms for relaxation and meditation.

Your commute

Based at the DLF Cybercity Chennai estate, you can get a shuttle bus for easy commuting. We also provide child care services.

More than just a workplace

Our office is close to a variety of great places to eat, socialise, shop and be entertained. Everything you need within easy reach.

Be you. Be valued. Belong.

We celebrate the unique perspectives and experiences each individual brings, believing our differences make us stronger and drive success. Our colleague networks offer connection, support, and growth, while our "This is Me" series shares the unique stories of our colleagues. Committed to diversity, equity, and inclusion, Barclays values you for who you are and ensures you truly belong.

You can learn more about our commitment to our colleague on our DE&I page.  

Learn more

Application Process

Your application

We’ll ask for information about you, your CV and cover letter.

1

Your assessment

Covering your behaviours and ability at work.

2

Your interview

Exploring your past experiences and skills.

3

Next step

We’ll request additional information so that you can complete our screening process

4
How to ApplyRead our FAQ's
Barclays

Working flexibly

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports your personal needs, alongside the professional needs of our business. If you'd like to explore flexible working arrangements, please discuss this with the hiring manager. Your request will be reviewed in-line with the requirements of the role/business needs of the team.

Hybrid working

We have a structured approach to hybrid working, where colleagues work at an onsite location on fixed, ‘anchor’, days, as set by the business area. Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

Barclays is built on an international scale.

Our geographic reach, our wide variety of functions, businesses, roles and locations reflect the rich diversity of our worldwide customer base. All of which means we offer incredible variety, depth and breadth of experience.
And the chance to learn from a globally diverse mix of colleagues, including some of the very best minds in banking, finance, technology and business. Throughout, we’ll encourage you to embrace mobility, exploring every part of our operations as you build your career.

Find more information

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