Become part of Barclays UK Unsecured Impairment Portfolio Analytics, At Barclays, we don’t just anticipate the future –we’re creating it as part of this role, the candidate will be required to embed a control functionality by building and leading the development of the output for the team. where you’ll help, the colleague to demonstrate analytical and technical skills as well as knowledge of fundamentals of retail credit risk management, particularly across impairment management.  The colleague will also need to demonstrate sound judgement in collaboration with the wider team and management

To be successful in this role, you should have,

Produce impairment forecasts (RAF, STP, MTP, and ad-hoc outlooks) as well as forecast analyses on ad-hoc basisAssess Impairment charge drivers to Month over Month changes in ECL and PMA and provide commentary for multiple forumsOwn IFRS9 risk models to manage entire lifecycle starting from data governance, development, implementation and monitoring.Perform review and challenge of PD/LGD/EAD models used for IFRS9Work with modelling teams (QA), internal model validation teams (IVU and BIA) and external auditor to manage remediation of findings and observations on IFRS9 risk modelsDevelop Post Model Adjustments (PMA)to address model inaccuracy and underperformanceReview model monitoring reports to assess drivers for model underperformance and liase with modelling teams to design and implement tactical and strategic remediationSupport production of commentary packs and decks for multiple forums and group impairment committee

Some other highly values skills include,

Review and challenge IFRS9 impairment models (both SPOT and Forecasting)Review model monitoring results of PD/LGD/EAD models to assess if the models are fit to use, and work with QA teams to develop remediation plans if neededProduce an annual and monthly forecast for IFRS9Able to carry out ad hoc investigations and analysis into portfolio performance, new models and regulatory/policy changes Impairment accuracy and integrity though analytics, appropriate use of accounting/financial techniques/tools and attention to detailMaintain management information on impairment metrics e.g. stock coverage.Have a working knowledge of key regulatory requirements for IFRS9 and apply this to existing processes and reporting.Experience working within a SOX Governance framework could be also beneficial.Present and communicate results to management and other stakeholders.

Facilitate a culture of decision making through provision of robust and accurate analyses.

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.

This role is in based in our Noida office.

Purpose of the role

To evaluate and assess the potential impairment of financial assets, ensuring that the bank's financial statements accurately reflect the economic value of its assets.   

Accountabilities

Identification of potential impairment triggers, analysis of relevant financial and non-financial information to assess the potential for impairment of financial assets, and application of quantitative and qualitative impairment tests to determine whether an asset is considered impaired.Assessment of the impairment loss for an asset by identification of the right valuation method, assessment of its fair value, and documentation of the process.Calculation of the impairment provision to reflect the impairment loss and prepare clear and accurate impairment disclosures for financial statements.Management of the performance of impaired assets and reassessment of their impairment status on a regular basis.    .

Assistant Vice President Expectations

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.