Counterparty Risk Management

Join us as a Counterparty Risk Manager at Barclays, which is an exciting and unique opportunity to contribute to the measurement, control, and management of the Counterparty Credit Risks of the trading book. The individual will be exposed to financial derivatives and securities financing transactions across all asset classes and influence improvements in risk models, processes, and framework.

Role Responsibilities

• Real-time calibration of initial margin and collateral haircut requirements for derivative and securities financing transactions across all asset classes
• Conduct portfolio risk analysis and stress-testing of counterparty risk exposures for the bank
• Perform quantitative and qualitative analysis of counterparty risk, looking across market and credit risks
• Execute ad hoc portfolio risk analysis of emergent market and macroeconomic events and their effects on the bank’s counterparty risk profile
• Develop management information & present analysis to senior management
• Assist with annual model reviews owned by the Counterparty Risk Management team, participate in model improvements, recalibrations, and impact analysis
• Contribute to the continuous improvement of risk systems and tools

Key Requirements

• Proven experience in a traded product risk management role, i.e., Counterparty Credit Risk or Market Risk
• Pricing and/or risk management experience across derivatives and securities financing products in at least one major asset class
• Exposure to development of market/credit risk models and methodologies
• Good understanding of regulatory risk capital requirements, models, and metrics
• Interest in, and awareness of developments in global capital markets
• Experience with statistical analysis and programming tools, e.g., SQL and Python
• Up to date with global capital markets, comfortable using Bloomberg, Reuters, etc.
• Effective, clear communication skills and a highly analytical mind with strong attention to detail
• Inquisitive mindset, with the ability to critically assess and improve systems and processes

• 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, potentially to a master's level
• Relevant professional certifications, e.g., FRM, CFA, CQF

You may be assessed on the key critical skills relevant for success in the role, such as risk and controls, change and transformation, business acumen, strategic thinking, and digital and technology, as well as job-specific technical skills.

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

• Monitor the bank's exposure to each counterparty across different product lines and asset classes.
• Analyse the financial condition and creditworthiness of the bank's counterparties, including corporations, financial institutions, and sovereign entities.
• Develop and implement credit scoring models to quantify counterparty risk.
• Conduct stress testing to assess the impact of potential counterparty defaults on the bank's capital and liquidity.
• Negotiate and manage collateral agreements with counterparties to mitigate potential losses in case of default.

Assistant Vice President Expectations

• 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 work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraise performance relative to objectives and determine reward outcomes.
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviors to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviors are: L – Listen and be authentic, E – Energize and inspire, A – Align across the enterprise, D – Develop others.
• For individual contributors, lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialization to complete assignments. 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 and provide advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and develop new policies/procedures in support of the control and governance agenda.
• Take ownership of managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to other areas, understanding how areas coordinate and contribute to achieving the objectives of the organization sub-function.
• Collaborate with other areas of work for business-aligned support areas to keep up with business activity and strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practices (in other areas, teams, companies, etc.) to solve problems creatively and effectively.
• Communicate complex information, which could include sensitive information or information difficult to communicate due to its content or audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues are 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 are also expected to demonstrate the Barclays Mindset – to Empower, Challenge, and Drive – the operating manual for how we behave.