Valuations in Resolution SME

Barclays

Oct 2

Applications are closed

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

Requirements

Maintaining ViR Framework, including model validation, documentation refresh and controls assessment
Lead and coordinate ViR assurance activities such as dry-runs, simulations and other ad-hoc resolution exercises
Interacting with multiple Subject Matter Experts cross for example Stress testing, Impairments, Businesses, Group Finance and Product Controls Valuations as part of BAU deliverables and regulatory requests
Coordinate project management aspects of ViR, such as tracking delivery, providing management updates, running governance forums and supporting regulatory submissions
Sound understanding of banking assets and liabilities, including financial instruments
Ability to build relationships with a large set of stakeholders across multiple areas
Risk and controls
Change and transformation
Business acumen strategic thinking
Digital and technology
Job-specific technical skills

Responsibilities

Maintaining ViR Framework, including model validation, documentation refresh and controls assessment
Lead and coordinate ViR assurance activities such as dry-runs, simulations and other ad-hoc resolution exercises
Interacting with multiple Subject Matter Experts cross for example Stress testing, Impairments, Businesses, Group Finance and Product Controls Valuations as part of BAU deliverables and regulatory requests
Coordinate project management aspects of ViR, such as tracking delivery, providing management updates, running governance forums and supporting regulatory submissions
Development and evaluation of potential resolution strategies for distressed entities, and analysis of the financial implications and potential impact of each strategy
Development and maintenance of recovery and resolution plans for the bank's business units and entities, and assessment of critical functions and dependencies to ensure continuity of essential services in case of distress
Analysis of financial data and assessment of the viability of distressed entities to evaluate the financial strength, capital position, and liquidity risks faced by distressed entities
Recovery: Oversee Barclays’ Financial Crisis Management Framework (jointly with Treasury); maintain Barclays’ Group Recovery Plan
Resolution: Maintain resolution capabilities across the Group and its Material Legal Entities; coordinate and deliver regulatory and public disclosures (UK and Europe)
RRP controls and governance: Ensure appropriate assurance processes to ensure compliance with regulatory requirements and expectations
Valuation in Resolution capabilities: Ensure appropriate valuation capabilities are maintained, including models, methodologies, processes and documentation, including process to onboard an external valuer if necessary
Holistic testing of resolvability capabilities: decision-making and governance processes across 10 workstreams tested with Boards, Ex Cos and senior AEs
Support business stakeholders across the group, including SMRs, in meeting global regulatory requirements against multi-year agendas
Communication with regulators to provide timely updates on the bank's recovery and resolution activities

FAQs

What is the primary role of the Valuations in Resolution SME at Barclays?

The primary role is to maintain BAU Valuation capabilities for resolution scenarios, develop and implement recovery and resolution plans, and assess the financial viability of distressed entities.

Where is this role based?

This role is based in either our Chennai or Noida office.

What are the key skills required for this position?

Key skills include maintaining the ViR Framework, coordinating ViR assurance activities, interacting with multiple Subject Matter Experts, and having a sound understanding of banking assets and liabilities.

What responsibilities does this role entail?

Responsibilities include developing resolution strategies, maintaining recovery and resolution plans, analyzing financial data, overseeing crisis management frameworks, and ensuring compliance with regulatory requirements.

Will I be expected to work with external stakeholders?

Yes, you will need to communicate with regulators and other external stakeholders to provide timely updates on recovery and resolution activities.

What kind of candidates are ideal for this position?

Ideal candidates should have strong relationship-building skills, a comprehensive understanding of organizational functions, and expertise in analytical thought to create innovative solutions.

Are there opportunities for leadership in this role?

Yes, you will be expected to demonstrate leadership and accountability for managing risk and strengthening controls, as well as advising senior management.

What are Barclays’ expectations from Vice Presidents in this role?

Expectations include managing risks, contributing to organizational goals, collaborating with various business areas, and building trusting stakeholder relationships.

What values does Barclays emphasize for its colleagues?

Barclays emphasizes values of Respect, Integrity, Service, Excellence, and Stewardship, along with the Barclays Mindset: Empower, Challenge, and Drive.

Is experience in financial instruments necessary for this role?

Yes, a sound understanding of banking assets and liabilities, including financial instruments, is highly valued for this position.

Barclays

Barclays is a British multinational bank offering personal, corporate, and investment banking services worldwide.

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.