Job Description

Overall purpose of role

The role holder will work both independently and as part of a team to provide expert analysis and commentary on the bank's wholesale credit and counterparty credit risk profile and internal capital assessment. This is an exciting opportunity for someone who wants to work with, Treasury and Capital Management, Trading and Banking teams to understand the risk on wholesale credit risk (WCR), derivative and financing transactions.

The areas of focus are:

Defining the future state vision for Risk processes and strategic transformation within Risk. Team lead and accountable for the capital adequacy assessments carried out for WCR ICAAPs including the execution, model ownership, outcome analysis and presentation. Making sound risk assessment decisions and comfortably conveying technical analysis to senior stakeholders. Create a control exemplary process and drive improvements and innovation. Transformation of risk analytics' processes

Team will comprise of capital assessment and stress testing SMEs across Mumbai and London.

Key Accountabilities

Own and manage end-to-end process to deliver internal capital assessment results for WCR trading book (CCR or Counterparty Credit Risk) and banking book, including computation, review, challenge of results and explanation of movements. Lead the enhancement of analysis generated to support the output of economic capital and Pillar 2 Add-on results. Prepare papers required to support the approvals and governance, including materials for Risk and Treasury Committees. Responsible for independently obtaining approval from Internal model Validation Unit (IVU) for generated results. Identify and/or quantify limitations of existing model suite and propose mitigation, improvements or new model development requirements including model documentation and annual model reviews.

Stakeholder Management and Leadership

Engage and escalate appropriate issues to local Senior Risk Management. Engage with key stakeholders across Risk, Finance, Treasury and Tech to manage and maintain relationships Share cross-functional experience with a wider variety of stakeholders to achieve better execution of results and improve strategic business decision Be the point of contact as the SME in capital assessments

Person Specification

Self-motivated, strong team player and experienced team leader Able to priorities and adapt to changing short term requirements, without impacting long term commitments Strong appreciation of the control environment Effective, clear communication skills and a highly analytical mind with a strong attention to detail

Essential Skills/Basic Qualifications:

Strong track record in risk management (10 years +) Detailed understanding of CCR and WCR models (EEPE, PFE, RWA, LGD, EAD and Economic Capital) and capital calculations; Detailed knowledge of Financial Markets, Wholesale Credit and Derivative Products and strong analytical skills with a high attention to detail Experience in dealing with large and complex data structures and stress testing methodologies

Desirable skills/Preferred Qualifications:

Related professional qualifications (e.g. FRM, CFA, CQF) Bachelor's degree in Finance, Engineering or a Mathematical or Quantitative related field Regulatory knowledge (CRR, PRA, EBA) Knowledge of econometrics methods used in risk modelling

Purpose of the role

To support the Risk Function in delivering it's objective of safeguarding the bank's financial and operational stability by proactively identifying, assessing, mitigating, and monitoring risks across various business units and activities.

Accountabilities

Development of strategic direction for risk, including the implementation of up-to-date methodologies and processes. Management of the risk department, including oversight of risk colleagues and their performance, implementation of risk priorities and objectives, oversight of department efficiency and effectiveness. Relationship management of risk stakeholders, including identifying relevant stakeholders, and maintenance of the quality of external third-party services. Adherence to the Risk policy, standards and frameworks, and maintaining a robust control environment.

Director Expectations

To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business wide.. They manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business. Or for an individual contributor, they lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions.. Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives. Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function. Escalates breaches of policies / procedure appropriately. Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence. Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate. Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives. Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives. Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations. Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area. Negotiate with and influence stakeholders at a senior level both internally and externally. Act as principal contact point for key clients and counterparts in other functions/ businesses divisions. Mandated as a spokesperson for the function and business division.

All Senior Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L - Listen and be authentic, E - Energise and inspire, A - Align across the enterprise, D - Develop others.


All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship - our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset - to Empower, Challenge and Drive - the operating manual for how we behave.