Vice President - Phase 4

Job Title : Vice President – Phase 4
Location : Noida

About 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.

Dynamic Working
Our dynamic working programme has been set up to help Barclays colleagues achieve an optimal work/life balance. Arrangements we offer range from working at home and changing regular hours to taking career breaks. Our Dynamic Working initiatives support colleagues at all stages of their lives, helping them with parenthood, caring, further studies and hobbies
Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives. If you have a need for flexibility, then please discuss this with the Hiring Manager.

o Provide effective valuation control and oversight for FI Credit and Treasury (referred as the assigned asset class in the rest of the document) businesses to ensure compliance with valuation control policies and standards
o Supervise the activities of the assigned asset class IPV teams to ensure quality and timeliness of Core deliverables.
o Proactively communicate insights, observations and escalations regarding the valuation control environment of the assigned asset class businesses to regional business, finance management and other stakeholders. Provide management information and reporting for regional valuation control.
o Establish a strong collaborative relationship with regional IPV & line control teams and provide finance partner role to the Trading desks and BMs, including providing independent valuation support.
o Regular interaction with Financial Control, Technical Accounting Group, PC Change Management, Technology and other infrastructure areas.
o Contribute to and implement global and regional change initiatives to improve process efficiency and the control environment for valuation function.

What will you be doing?

Responsible for IPV production process and managing the team to full fill monthly responsibilities of IPV, FVA, PVA and ensure control and governance framework.
o Be subject matter expert on the assigned asset class Price Testing (PT), Fair Value Adjustment (FVA), Prudent Valuation Adjustments (PVA) methodologies, and proactively work to improve existing processes and methodologies.
o Provide independent valuations challenge, analysis, reporting and adhoc investigations, covering the full spectrum of products in Equities business lines.
o Proactively communicate and escalate valuation or Business related observations and concerns.
o Address questions or requests from internal & external Audit and Risk & Controls team as required.
o Proactively collaborate and communicate with the Global PC-Valuations teams, other control functions such as Risk and PC-Line.
o Maintenance of the general Control governance, completeness, IPV and documentation surrounding these businesses.
o Provide support to Head of India PC-Valuations in team management and Chennai PC related initiatives and administrative requirements.
o Engage in detailed discussion with traders, risk managers and Independent Valuation Control team on the results. Liaise with valuation expert on modelling appropriateness and other technical/booking issues.

Controls
o Ensure the maintenance of a strong internal control environment. Monitor control reports to ensure accuracy of data for P&L, validation and downstream processes.
o Raise the team’s level of control awareness. Lead by example and engender a strong control culture.
o Ensure clean audit results from internal and external reviews. Be the owner of key stroke documentations for key PC processes, risk assessment and SOX documentation.

Projects and Continuous Improvements
o Identify and drive process re-engineering and constantly challenge status quo for control improvement and process efficiency.
o Motivate and empower the team to deliver continuous improvements.

Service Delivery
o Ensure adherence to daily schedule and service level agreements (SLAs).
o Ensure process compliance as per the regulatory guidelines and audit requirements.
o Oversee the preparation of basic financial analysis, impairment analysis, financial reports, financial planning and financial statements analysis.
o Review and analyse complex financial reports and financial statements analysis and present the same to the management.
o Establish innovative systems and procedures for handling data & reports and continuously improvise on them.
o Identify process improvement opportunities.
o Understand customer needs and provide innovative solutions.
o Manage and monitor quality for the business area.
o Respond to and resolve issues arising out of interactions with clients.
o Ensure open communication and address issues/ concerns raised.

What we’re looking for:

Skills that will help you in the role:

Where will you be working?

• Chennai

Be 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 Values
Purpose 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 everyone’s 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. That’s 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 dynamic working options for colleagues. If you have a need for flexibility, then please discuss this with us.