Product Control

London, United Kingdom
17 Mar 2023
16 Apr 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
As Barclays Product Control Manager, you will take full ownership of IPV cycle for FX and some risk products including FX Vol, FX correlation, Interest Rate Swaps, Swaptions, Cross Currency Swaps, STIRTS. This is an exciting opportunity where you will also lead improvement and optimization of the IPV and FVA processes and perform projects across the Macro team related to model changes, regulatory reporting, and market developments.

Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality, and innovation behind us. We offer careers that provide endless opportunity - helping millions of individuals and businesses thrive and creating financial and digital solutions that the world now takes for granted.

Working Flexibly

We're committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognizes and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers' and clients' needs. Whether you have family commitments or you're a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs.

We are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. We're flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month, or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. We also have a flexible working process where, subject to business needs, all colleagues globally can request work patterns to reflect their personal circumstances. Please discuss the detail of the working pattern options for the role with the hiring manager.

What will you be doing?
• Verifying price for various cash and derivative products
• Oversighting of various fair value adjustments when required
• Taking ownership of the month end valuation production cycle
• Generating of IPV variances, valuation uncertainty, reserves
• Analyzing and commenting of results
• Escalating of valuation issues and fixing them
• Reporting IPV results to finance management, trading desks and external stakeholders by producing monthly reporting pack and communication
• Working and supporting peers across PC-Valuation team to help establish best practice guidelines and ensure these guidelines are well-communicated and adhered to

What we're looking for:

• Significant Experience in Valuations or IPV with rates
• Experience in FX products and a financial engineering
• Finance degree

Skills that will help you in the role
• Quant background and understanding in model validation
• Advanced qualification (CFA, FRM, etc)
• Significant experience in Python coding

Where will you be working?

In the heart of Canary Wharf, our headquarters at Churchill Place boasts onsite amenities such as; a gym, staff restaurant and deli bar, and is easily accessible by tube and bus links. With a population of around 5000 staff the atmosphere is second to none with a real buzz being created around the offices within.