Special Asset Management

Join us as a "Senior Special Asset 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accurately disclose your visa status or Legal Right to Work may result in your application or employment, offer being withdrawn at any time.

The Special Asset Management (SAM) team’s overall objective is to minimize the bank's losses on troubled loans by actively working to restructure, recover, or dispose of delinquent or non-performing loans, they are the bank's financial detective, uncovering the reasons behind loan defaults, negotiating repayment plans, and implementing solutions to maximize recoveries. This is a BA4 role within the SAM Impairment, Oversight & Controls (IOC) team with responsibility for various aspects of governance pertaining to the activities of the SAM team.

To be successful as a "Senior Special Asset Manager", you should have experience with

• Support with the delivery of IFRS9 Stage 3 impairment through the performance of various Sox controls and data analysis.
• Summarise data, findings, and conclusion for presentation to senior management.
• Contribute to FINREP reporting requirements through analysis of forbearance data, engaging with CREs to understand the drivers behind movements and summarising the same for reporting purposes.
• Produce materials for inclusion in Regulator meeting packs.
• Seek opportunities for process improvement/efficiencies through automation and digitalization.

Some other highly valued skills may include:

• Prior experience of working in a team that manages troubled loans.
• An understanding of IFRS9 and Definition of Default Regulations
• Experience of analyzing and reviewing data and drawing conclusions
• Proficient use of MS-office tools

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: Mumbai

Purpose of the role

To minimise the bank's losses on troubled loans by actively working to restructure, recover, or dispose of delinquent or non-performing loans, they are the bank's financial detective, uncovering the reasons behind loan defaults, negotiating repayment plans, and implementing solutions to maximize recoveries.

Accountabilities

• Identification and analysis of delinquent or restructured loans with deteriorating financial conditions.
• Analysis of borrower's financial statements, business plans, and market conditions to assess repayment potential.
• Monitoring and tracking of the performance of workout plans, ensuring compliance with agreed-upon terms.
• Development and proposition of comprehensive workout plans that balance recovery maximisation with borrower viability.
• Negotiation and finalisation of settlements or pursue litigation as necessary, in line with bank policies and regulations.
• Operation of an effective control environment to ensure compliance with relevant bank policies and regulations.

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• 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 develop technical expertise in work area, acting as an advisor where appropriate.
• 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.