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AVP Macro Product Control

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Barclays

5d ago

  • Job
    Full-time
    Senior Level
  • Business, Operations & Strategy
    Banking & Finance
  • Chennai

AI generated summary

  • You must develop and maintain valuation methodologies, manage trading portfolio valuations, analyze market data, prepare valuation reports, and provide insights to stakeholders.
  • You will develop valuation methodologies, manage trading valuations, analyze market data, reconcile P&L, prepare reports, communicate insights, collaborate across functions, and mitigate risks.

Requirements

  • 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.

Responsibilities

  • 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.
  • Reconciliation of daily profit and loss (P&L) figures for trading desks to ensure they align with the valued positions in the trading book, investigating and resolving discrepancies between P&L figures to ensure they reflect the true economic value of the trading portfolio.
  • Support the identification, assessment, and mitigation of trading risks, and report on these financial risks to senior colleagues.
  • Maintenance and analysis of the bank’s trading data, ensuring its accuracy, completeness and consistency, and provision of insights to traders and senior colleagues on trading performance.
  • Preparation and submission of regulatory reports to authorities, and provision of support to external audits including addressing auditor queries and ensuring trading activities are appropriately reflected in financial statements.
  • Effective communication of complex financial information to traders, risk professionals, senior colleagues, and external stakeholders.
  • Cross functional collaboration to ensure a coordinated approach to trading activities.
  • Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
  • Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
  • Take ownership for managing risk and strengthening controls in relation to the work done.
  • Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
  • Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
  • Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc) to solve problems creatively and effectively.
  • Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
  • Influence or convince stakeholders to achieve outcomes.

FAQs

What is the job title for this position?

The job title is AVP Macro Product Control.

Where is this role based?

This role is based out of Chennai.

What are the essential skills required for this position?

Essential skills include the development and maintenance of valuation methodologies, management of the bank's trading portfolio valuation process, analysis of market data, preparation of valuation reports, and provision of valuation insights to stakeholders.

What are the primary responsibilities of the AVP Macro Product Control?

Primary responsibilities include reconciling daily profit and loss figures, supporting risk identification and mitigation, maintaining trading data accuracy, preparing regulatory reports, and effective communication of financial information.

What qualifications are necessary for this role?

The role requires experience in valuation methodologies, trading risk management, financial reporting, and excellent analytical and communication skills.

Are there expectations regarding collaboration with other teams?

Yes, cross-functional collaboration is expected to ensure a coordinated approach to trading activities and business objectives.

What type of analysis will be performed in this role?

The role involves engaging in complex analysis of data from multiple internal and external sources to solve problems creatively and effectively.

What values are important to the culture at Barclays?

The important values are Respect, Integrity, Service, Excellence, and Stewardship, as well as the Barclays Mindset of Empower, Challenge, and Drive.

Is there an expectation to communicate complex financial information?

Yes, effective communication of complex financial information to various stakeholders is a key responsibility in this role.

Will there be opportunities to influence stakeholders?

Yes, the role requires influencing and convincing stakeholders to achieve desired outcomes.

Finance
Industry
10,001+
Employees
1690
Founded Year

Mission & Purpose

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. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP.