Join us as a AVP -Trade Wind Down at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences.
You may be assessed on the key critical skills relevant for success in role, such as experience with execution and governance of models for the PRA’s Trading Wind Down programme, as well as job-specific skillsets.
To be successful as a AVP - Trade Wind Down, you should have experience with:
Basic/ Essential Qualifications:
Support model owners in drafting and updating model documentation, performing model monitoring, execution of controls, addressing queries from the model validation team, and ensuring compliance with standards pertaining to both, model risk management and the Trading Wind Down programmeEnsure an effective review and challenge process for model methodologies and model outputsLead and coordinate TWD execution activities such as dry-runs, periodic simulations and on-demand runs mandated by the Regulator. Ensure compliance with time-bound SLAs on model runs during live cyclesDesirable skillsets/ good to have:
Interacting with multiple Subject Matter Experts across the Front Office, Finance, Treasury, Risk and Product Controls Valuations as part of BAU deliverables and regulatory requestsCoordinate project management aspects of TWD, such as tracking delivery, providing management updates, running governance forums and supporting regulatory submissionsThe ideal candidate will have a sound understanding of financial markets & instruments, experience in ownership of finance or risk models, robust analytical and problem-solving skills, and the ability to build relationships with a large set of stakeholders across multiple areas.This role will be based out of (Chennai).
Purpose of the role
As a Trading Wind Down (TWD) SME at Barclays, you will be part of the Models Centre of Excellence team which would be responsible for the execution and governance of models for the PRA’s Trading Wind Down programme and work with a wide set of stakeholders across Finance, Treasury, Risk, Cost, amongst others.
Accountabilities
Development and evaluation of potential resolution strategies for distressed entities, and analysis of the financial implications and potential impact of each strategy. .Development and maintenance of recovery and resolution plans for the bank's business units and entities, and assessment of critical functions and dependencies to ensure continuity of essential services in case of distress. .Analysis of financial data and assessment of the viability of distressed entities to evaluate the financial strength, capital position, and liquidity risks faced by distressed entities. .Recovery: Oversee Barclays’ Financial Crisis Management Framework (jointly with Treasury); maintain Barclays’ Group Recovery Plan. .Resolution: Maintain resolution capabilities across the Group and its Material Legal Entities; coordinate and deliver regulatory and public disclosures (UK and Europe). .RRP controls and governance: Ensure appropriate assurance processes to ensure compliance with regulatory requirements and expectations. .Valuation in Resolution capabilities: Ensure appropriate valuation capabilities are maintained, including models, methodologies, processes and documentation, including process to onboard an external valuer if necessary. .Holistic testing of resolvability capabilities: decision-making and governance processes across 10 workstreams tested with Boards, Ex Cos and senior AEs. .Support business stakeholders across the group, including SMRs, in meeting global regulatory requirements against multi-year agendas. .Communication with regulators to provide timely updates on the bank's recovery and resolution activities. .Assistant Vice President Expectations
To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomesIf the position has leadership responsibilities, People 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.OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.Take ownership for managing risk and strengthening controls in relation to the work done.Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.Influence or convince stakeholders to achieve outcomes.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.