Market Risk Manager

Join us as a "Market Risk Specialist " at Barclays, where you'll spearhead the evolution of our digital

landscape, driving innovation and excellence. You'll harness cutting-edge.

technology to revolutionize our digital offerings, ensuring unapparelled.

customer experiences.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific, and any changes must be reviewed. It is important to ensure you are always working on the correct visa. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or employment offer being withdrawn at any time.

Overall purpose of role

The role is within the Market Risk Management team located in Mumbai and directly supports Market Risk Management team. As a Barclays Market Risk Manager, you will be a part trading desks of an asset class. You will provide additional and independent information to the business to enhance decision making, whilst providing a control environment which satisfies the objectives set by the regulators. Key responsibilities include data validation and management for VAR sign offs, Stress, RNIC and IRC computation, working with model challenges and analyzing and monitoring cross gamma market risk exposure across desks and businesses.

Key Accountabilities

• Ensuring full risk capture and completeness, both on a procedural (book and mapping) basis, as well as a risk factor (e.g. crosses, higher orders) basis
• Proactive tracking and fixing of data issues which feed into the risk systems including managing One Risk transition.
• Ensuring accurate and timely data for daily signoff of risk, stress, and VAR/SVAR figures, for accurate market risk capture and risk reporting
• Providing accurate and timely production of Primary and Secondary Stress outputs, as well as the investigation of changes in the market risk that feed into the process.
•  Daily monitoring of exposures, and utilization against limits, as well as additional ad-hoc analysis, e.g. P&L arising from market moves, escalation of overages as appropriate
• Reviewing VAR and non-VAR limits, as well as scenarios shocks, on a periodic basis
• Supporting the senior risk managers identifying and aggregating the headline risks across the businesses; writing weekly commentary of associated risks in the context of Credit events
• Processing and production of the monthly Risk Not in VAR capitalization figures for the Credit businesses
• Handling enquiries and ad hoc requests from regulators or senior management

Essential Skills/Basic Qualifications:

• Sound knowledge of derivative markets, products and pricing and process flows for data management.
• Bachelor’/ master’s degree with educational background in a quantitative discipline, e.g. Risk, Finance, Business (or CFA/FRM)
• Analytical and IT skills are required (Excel/VBA) to build tools that will help in carrying out the responsibilities in this role.

Desirable skills/Preferred Qualifications:

• Excellent interpersonal skills, with confidence to follow up with multiple upstream and downstream teams.
• Technology proficiency in any of these languages: Python, SQL, VBA, C, C++, Java  
• Strong organizational and detailed documentation skills and ability to communicate effectively in writing and verbally.
• Prior experience in market risk reporting or management of any asset class would be preferred.

Purpose of the role

To set the risk appetite setting for the Trading portfolio and active calibration & monitoring of limits

Accountabilities

• Collection and analysis of market data from various sources and ensuring risk is correctly captured, modelled and capitalised.
• Escalation of critical risk issues or breaches to Traders and senior Risk Management Leadership teams for timely action, as may be required.
• Review and provision of feedback on market risk models including change governance.
• Internal, Regulatory and Scenario stress testing for the Trading portfolio, as required.
• Steer and execution projects of market risk wide-significance e.g. FRTB, One Risk, as required.

Analyst Expectations

• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

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.