Market Risk Manager

Join us as a "Market Risk Manager " 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to accurately disclose your visa status or Legal Right to Work may result in your application or employment offer being withdrawn at any time.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 the US Equity Market Risk Management and Portfolio Management. Key responsibilities include reviewing, monitoring and analyzing key risks and exposures across businesses, validating VAR, produce key reports, and focus on CCAR stress testing.

Key Accountabilities

• Monitor and analyze risk at various levels (e.g. desk level vs. asset class level across regions) within context of what’s going on in the market, and present findings to senior risk management.
• Validate and sign off on VAR, stress testing, and RNiVs: assure it is appropriate, accurate, timely reported, and further developed in line with new regulations and internal guidelines.
• Partner with Risk colleagues to risk manage; comfortable challenging stakeholders and/or escalating findings (e.g. unexpected and/or large shifts in risk profile) as necessary to ensure appropriate risk taking in a controlled environment against Risk Appetite / Limit Framework.
• Ability to build strong relationships across departments (e.g. Trading, IT, Finance, etc.) to ensure that risks area properly captured and problem solve
• Leverages knowledge of the equity markets and equity products, particularly vanilla options and volatility index products, and takes initiative to drill into and investigate risk.
• Drive infrastructure upgrades/development and regulatory deliverables – ensuring we improve infrastructure and have an understanding of the changes and are able to explain these.
• Address ad-hoc enquiries from regulators and/or senior risk management.

Essential Skills/Basic Qualifications:

• Master’s degree in Finance, Economics, Mathematics or related quantitative field
• Prior exposure in Market risk Management and understanding of Back-testing models, P/L of exotic interest rate and equity products
• Experience performing mathematical modelling and risk analysis by leveraging Excel VBAs and Python; in-depth knowledge of equities markets, derivative products (e.g. vanilla options and volatility index products) and pricing/risking models a plus.

Desirable skills/Preferred Qualifications:

• CFA, FRM, MBA or equivalent.
• SQL, Python, Lavastorm, MS Excel and PowerPoint

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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.

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.