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Director - PC-US-Valuations: Barclays Capital

Job ID18712
Company NameBarclays Capital
Job CategoryAccounting/Finance
LocationNew York, NY
Position TypeFull-Time, Employee
Experience0-1 Years Experience
Date PostedNovember 2, 2009 (Reposted Nov 5)
Barclays Capital
View Barclays Capital profile and job listings

Department Overview
The Finance department covers Product Control and Financial Control which are jointly responsible for the integrity of the financial records of Barclays Capital.

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.

Main Function
To manage and lead a global team ensuring 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 Duties
Responsible for the management and development a global team engaged in the following:
  • 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 managment 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
  • Reporting / presentation of price testing results to Front Office, Risk Management and Finance
  • Significant involvement in ad hoc projects / investigations


Person Requirements
  • Extensive derivatives experience (including equities and exotic products) in a valuations, risk management 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 and management skills


For more information and to apply online, click here.


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