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. 

Some responsibilities you will have as a Counterparty Risk manager will be

o    Real time calibration of initial margin and collateral haircut requirements for derivative and securities financing transactions across all asset classes

o    Portfolio risk analysis and stress-testing of counterparty risk exposures for the bank

o    Quantitative and qualitative analysis of counterparty risk, looking across market and credit risks

o    Ad hoc portfolio risk analysis of emergent market and macroeconomic events and how they affect the bank’s counterparty risk profile

o    Development of management information & presentation of analysis to senior management

o    Assist with annual model reviews owned by the Counterparty Risk Management team, participate in model improvements, recalibrations and impact analysis

o    Contribution to the continuous improvement of risk systems and tools

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 / 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 a strong attention to detail
•    Inquisitive mind set, with ability to critically assess and improve systems and processes

Some other highly valued skills may include

•    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 Masters level
•    Relevant professional certifications e.g. FRM, CFA, CQF

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: London

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

• 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 outcomes
• If 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.