At Barclays, we don’t just adapt to the future – Embark on a transformative journey as Credit Portfolio - VP - ICAAP & CCR Stress Testing, where you'll spearhead the evolution of our Treasury and Capital Management, Trading and Banking teams to understand the risk on wholesale credit risk (WCR), derivative and financing transactions by defining the future state vision for Risk processes and strategic transformation within risk and are accountable for the capital adequacy assessments carried out for wholesale credit ICAAPs including the execution, model ownership, outcome analysis and presentation. Your key responsibilities will include management of end-to-end process of delivering internal capital assessment results for wholesale credit trading book (CCR or Counterparty Credit Risk) and banking book, including computation, review, challenge of results and explanation of movements. You will need to 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. You will play a crucial role in stakeholder management, building effective relationships and promoting collaborative communication.
To be successful as a Credit Portfolio - VP - ICAAP & CCR Stress Testing, you should have experience with:
Strong track record in credit risk management. Prior knowledge of wholesale credit ICAAP. Detailed understanding of Counterparty Credit Risk and Wholesale Credit 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. Strong working knowledge in dealing with large and complex data structures and stress testing methodologies.
Some of Highly Valued Skills may include:
Related professional qualifications (e.g. FRM, CFA, CQF) Bachelor’s or master’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
You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills
The location for this role is Mumbai, IN.
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.Vice President Expectations
Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.Manage and mitigate risks through assessment, in support of the control and governance agenda.Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.Adopt and include the outcomes of extensive research in problem solving processes.Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills 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.