Director - Head of India Valuations Reporting, Governance & Control

Pune, India

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Date live: Sep. 26, 2024

Business Area: Finance

Area of Expertise: Finance

Reference Code: JR-0000011560

Contract: Permanent

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Overall purpose of role

Consolidation, challenge and communication of valuation control output across all business areas and products (i.e. independent price verification results, valuation uncertainty / prudent valuation adjustments and fair value adjustments).
Internal and Regulatory Reporting
Production of valuation related regulator deliverables.
Oversight of valuation control reporting production for the Barclays Valuation Committee and associated subcommittees.
Oversight of valuation governance and policy, with key focus on the global Independent Price Verification (IPV) policy.
Oversight of general controls around other valuation related policies, including coordinating policy reviews and ensuring consistency of policy application across business areas.
Contribution to the design and implementation of best in class valuation control infrastructure as part of an existing project.

Key Accountabilities

Understanding the Independent price verification for various cash and derivative products and preparation of key Valuations governance packs focusing on reporting and controls
Full ownership of the month end valuation reporting and controls production cycle
Analysis of IPV variances, valuation uncertainty, reserves
Analysis / commenting of results
Escalation of valuation issues
Communicating/reporting IPV results to finance management, trading desks and external stakeholders (auditors, regulators), via the production of the monthly IPV reporting pack and communication in relevant meetings
Valuation control, product control, Financial control, Reporting or FP&A experience in a financial services environment.

Stakeholder Management and Leadership

The job involves significant extent of Stakeholder management. Involves liaising with leaders in Valuation Controls globally, Product Control and other infrastructure areas as required.
Barclays Front Office: including all layers of FO trading staff, trading supervisors and ultimately Trading Management.
Finance and Product Control senior management: including the global head of Valuations, global head of Product Control and business area PC Valuations leads.
Barclays Valuation Committee: this forum is the focal point for Finance, Risk and Front Office to discuss and resolve valuation and model related issues. The Committee meets monthly to discuss headline valuation issues that are of significance to the banking industry, and assess any likely impact of these issues on Barclays.
Barclays Board Audit Committee: the committee responsible for signing off the Barclays Group accounts receives regular updates from Valuation Committee on areas of significant judgement in the valuation and disclosure of financial instruments.
Barclays Internal Audit
Regulators and External Audit.

Desirable skills/Preferred Qualifications:

Experience with presentation and communication to senior management (which may have been obtained as part of a Professional Services / Consulting firm)
Good understanding of Independent Price Verification, Fair Value Adjustment and Prudent Valuation Adjustment concepts
Strong workflow management skills and good knowledge of a high standard Reporting, Controls and Audit function

Location : Chennai / Pune

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

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.

More about working at Barclays

Barclays has been in Asia Pacific for over 50 years, supporting corporations and financial institutions across the Asia Pacific region and connecting them to the capital markets of UK, Europe and the Americas. For more information click here.

Our approach to hybrid working ensures there’s the right balance of working alongside colleagues at our onsite locations, as required for each role. For business areas that offer a hybrid working experience, this will be in a structured way, where colleagues work at an onsite location on fixed, ‘anchor’, days of the week. Some roles may require full onsite working. Please discuss the working pattern requirements for the role you are applying for with the hiring manager.

We continue to embed and review our hybrid working environment and remain in a phase of testing and learning. This means that working arrangements could change, with reasonable notice, to align with the needs of our business.

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 committed to providing an inclusive culture and environment, that recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees globally to work flexibly empowers each of us to work in a way that suits our lives, as well as enabling us to better service our customers’ and clients’ needs.

Our approach to working flexibly is designed to support you to balance your life and to accommodate diverse needs, whilst still allowing us to meet our business needs. If you’d like to request a flexible working arrangement, please discuss this with your hiring manager.

We're committed to providing a supportive and simplified experience for our candidates throughout the application and assessment process. Here, you will find information about what to expect and some guidance around your assessment and interview.

While the application process depends on the role, there are some constant steps, which are;

Step 1 - Your application
Step 2 - Your assessment
Step 3 - Your interview
Step 4 - Next steps

We aim to create an inclusive work environment where everyone can reach their full potential. If you require any adjustments to our recruitment process, please click here to learn more.

Find out more information 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.

The Barclays Way

This is the spirit of Barclays. It’s why we exist, what we believe and how we behave. But most importantly, it’s how we make decisions, take action and get things done.

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