Equity Product Analyst – Independent Valuations (IPV): Assistant Vice President/Vice President recruitment
The Independent Valuations Group is part of Product Control and is responsible for dealing with valuation related issues arising with the firms trading portfolio. The group liaises with front office and risk management teams on valuation issues for existing and new trades and model-related issues. The group also works closely with the other areas within product control on provision methodology, design, and implementation.
To ensure that the firm's equity derivative portfolio is appropriately valued, based on a combination of analysis of market data inputs, model calibration / other non-market parameters, and review/assessment of the pricing models and methodologies used at both a portfolio and individual trade level.
Main Function:
- Price testing to consensus, exchange, broker, or other data of pricing inputs and model outputs for equity derivative products
- Calculation of applicable fair value / model reserves for equity derivative products
- Development of new price testing methods and model reserves
- Investigation of pricing / model uncertainty in methodology and parameters used
- Dealing with product control, risk management and quantitative departments on valuation and modelling issues
- Discussing price testing results, fair value and model reserves, general modelling issues / uncertainties with front office and reporting on suitability for specific products / markets
- Significant involvement in ad hoc projects / investigations
Skills / Experience required:
- Previous derivatives experience (preferably equities) in a valuations or technical product control role
- Strong product and market knowledge in relation to derivatives and related valuation / risk management issues
- BSc/MSc in quantitative discipline
- Strong IT skills (preferred exposure to some VBA or other programming)
- Ability to work independently to resolve unstructured problems
- Ability to interact confidently with FO and other quantitative departments of the bank in discussing pricing and modelling issues
- Excellent presentation and communication skills
- Ability to clearly present arguments and defend views under challenge from others
- Strong team player
Our goal is to be the best-in-class finance function, contributing to the success of Barclays Capital through the provision of independent control and trusted advice.
We believe that the engagement and commitment of our people is essential to our department’s and firm’s success. We hire and encourage the brightest talent, and as we place so much value on our people, we give them every opportunity to develop and prosper.
Internal mobility and career development are both key parts of our culture. Transferring internally supports career progression and helps employees achieve long-term goals. We actively encourage our people to pursue opportunities throughout the firm and support them in making relevant transitions. To highlight this commitment, a number of activities and events are held throughout Finance, across geographies to promote mobility, networking and development including, specialised training courses, careers fairs and speed networking.