Job Description

Purpose of the role

To assess, monitor, and manage the potential for financial loss due to the default of a bank's trading partners

Accountabilities

• Monitoring the bank's exposure to each counterparty across different product lines and asset classes.
• Analysis of the financial condition and creditworthiness of the bank's counterparties, including corporations, financial institutions, and sovereign entities.
• Development and implementation of credit scoring models to quantify counterparty risk.
• Conducting stress testing to assess the impact of potential counterparty defaults on the bank's capital and liquidity.
• Negotiation and management of collateral agreements with counterparties to mitigate potential losses in case of default.

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.

Join us as a Counterparty Risk Manager at Barclays, which is an exciting and unique opportunity to develop knowledge and expertise in financial products, risk management frameworks and build on IT skills in SQL and Python.

In order to perform successfully in this role you should have 

•    Proven experience in a traded product risk management role ie. Counterparty Credit Risk or Market Risk
•    Pricing and risk management experience across derivatives and securities financing products in at least one major asset class
•    Good understanding of market / credit risk models and methodologies
•    Interest in, and awareness of developments in global capital markets
•    Good understanding of regulatory risk capital requirements, models and metrics
•    Inquisitive mind set, ability to critically assess and improve systems and processes
•    Strong appreciation of the control environment
•    Effective, clear communication skills and a highly analytical mind with a strong attention to detail

To be successful as a Counterparty Risk Manager, you should have experience with

•    Strong track record in market / counterparty credit risk management with a leading Investment Bank and/or financial institution
•    Degree in Finance, Engineering or similar quantitative field
•    Good understanding of derivatives and securities financing products and the risks they generate
•    Experience with statistical analysis and tools e.g. SQL, R, Python
•    Up to date with global capital markets, use of Bloomberg, Reuters etc

Some other highly valued skills may include

•    Masters Degree in a quantitative field
•    Relevant professional certifications e.g. FRM, CFA, CQF
•    SQL, Python

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.

Location: Glasgow