Sculpt the figure you have in mind (5)
I believe the answer is:
carve
'sculpt the figure' is the definition.
'carve' can be an answer for 'sculpt' (thesaurus). I'm unsure of the 'the figure' bit.
'you have in mind' is the wordplay.
'you have' becomes 'v' (I can't explain this - if you can you should believe this answer much more).
'in' is an insertion indicator.
'mind' becomes 'care' (I've seen this before).
'v' put within 'care' is 'CARVE'.
Can you help me to learn more?
(Other definitions for carve that I've seen before include "Cut meat with sharp knife" , "Chisel, sculpt" , "Cut (meat, stone, etc)" , "Truncheon" , "produced by desire, with a shifting to the left" .)