Analyst PC Valuations

Job Description

Job Title: Analyst PC Valuations Location: ChennaiAbout Barclays Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.Risk and Control Objective Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards. Working Flexibly We re committed to providing a supportive and inclusive culture and environment for you to work in. This environment 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. Whether you have family commitments or you re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility then please discuss this with the hiring manager.o Independent price verification (IPV) and the calculation of fair value adjustments (FVAs) and Prudential Valuation Adjustment (PVA) related reserves o Reporting results and conclusions to senior management with recommended actions o Analysis of valuation models as part of the price verification process, including as necessary liaising with Quantitative Analytics, Market Risk and Model Validation as part of the trade approval process o Oversight and analysis of FVA methodologies and oversight of product observability review processesWhat will you be doing o Independent price verification for various cash and derivative products. o Calculation of various fair value adjustments when required o Full ownership of the month end valuation production cycle: o Preparation process from a logistic, process & IT point of view: o Generation of IPV variances, valuation uncertainty, reserves o Analysis / commenting of results o Escalation of valuation issues o 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 o Work with peers across PC-Valuation team to help establish best practice guidelines and ensure these guidelines are well-communicated and adhered to. o Working on creating solutions / improvements to the IPV process. This requires working with the Change Management team to enhance specification of technology requirements as well as assisting with testing & managing new releases. o Working with both Internal and External Auditors on a periodic basis to validate the controlsWhat we re looking for: o Quantitative primary degree or CA. o Excellent aptitude towards work and willingness to take ownership of the role is a mandatory requirement o Good understanding of Microsoft Office products especially MS Excel. o Strong communication skills including the ability to distil complex issues into an easy to digest summary for senior management. o Working knowledge of Equities and Equity Derivatives. Candidate is expected to scale up once they have joined.Skills that will help you in the role: o Advanced degree in similar subjects. CFA/FRM/CQF is an added advantage. In the absence of such certifications, candidates are expected to complete any one of the above certifications after joining the organization. o Experience with presentation and communication to senior management (which may have been obtained as part of a Professional Services / Consulting firm). o Understanding of a range of asset classes. o Coding in Python/SQL is an added advantage o Valuation control or product control experience in a financial services environment. Strong front to back valuation control experience is an advantageWhere will you be working ChennaiBe More at Barclays At Barclays, each day is about being more as a professional, and as a person. Be More @ Barclays represents our core promise to all current and future employees. It s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are. Interested and want to know more about Barclays Visit home.barclays/who-we-are/ for more details.Our ValuesPurpose and Values We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term. Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship. Respect We harness the power of diversity and inclusion in our business, trust those we work with, and value everyones contribution. Integrity We operate with honesty, transparency and fairness in all we do. Service We act with empathy and humility, putting the people and businesses we serve at the centre of what we do. Excellence We champion innovation, and use our energy, expertise and resources to make a positive difference. Stewardship We prize sustainability, and are passionate about leaving things better than we found them. Our Diversity We aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals. Our Benefits Our customers are unique. The same goes for our colleagues. Thats why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our flexible working options for colleagues. If you have a need for flexibility, then please discuss this with us.,

Keyskills :
risk management frameworkstrong communication skillsfair valuemarket riskrisk managementproduct controlmicrosoft officeconsumer bankingmodel validationequipment supplyapproval process