Director - Credit - Structured Lending & Financing ABS

The current hiring range for this CGP is:

200,000 - 245,000 - 290,000 USD Annual

The minimum and maximum salary/rate information above includes only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available.

Purpose of the role:

• The role involves performing risk analysis of proposed asset securitization facilities requiring Barclays commitment for internal books or for underwriting for distribution in the financial markets.
• Review proposals, liaise with the deal teams, take part in client engagement due diligence reviews, identify and analyse key risks in the proposals, recommend compensating controls, review transaction structures and related documentation, review models and model assumptions to ensure that the key risks are captured and the repayment profile is consistent with the assigned risk ratings, and recommend approval or rejection, as appropriate, including escalation if required.
• Lead the credit analysis of related exposures to a client in cases where the primary exposure is the ABS facilities. These include direct corporate exposures such as revolving credit facilities or term loans, credit derivatives, or equity-backed loan commitments.

Accountabilities:

• Ownership of the quality, accuracy, robustness, and timeliness of the credit risk analysis paper, including getting required approvals
• Credit sanctioning and approval of US ABS warehouse facilities and securitised products across consumer and non-consumer asset classes including auto loans, personal loans, student loans, trade receivables, equipment leases, and other esoteric assets.
• Performing transaction due diligence, including management meetings, sponsor/platform assessments, third-party audit reviews (AUPs), and collateral verification processes.
• Ownership of risk ratings, counterparty tiering, escalation decisions, and sanctioning authority recommendations under the SLF escalation framework.
• Ongoing surveillance of the US ABS portfolio, including utilisation, concentration risk, collateral performance, trigger breaches, and covenant compliance.
• Portfolio stress testing, risk appetite monitoring and reporting to governance forums including WCRMC, IBRC and US regulatory reviews.
• Production and challenge of portfolio reviews covering credit quality, diversification, utilisation, ratings accuracy, and emerging risk themes, and contributing to portfolio reviews and internal risk discussions across teams.
• Regulatory engagement with bodies such as the FRBNY, PRA and internal audit, including remediation of findings and enhancement of control frameworks.
• Responsibility for the timely assignment of risk limits within internal systems, and monitoring of exposure
• Collaborating with both team members across teams on various risk projects to share knowledge or train junior analysts.

Role Requirements:

• The candidate must have expertise in credit risk analysis of asset backed transactions in a senior decision-making capacity, either with a rating agency, other large banks, frequent ABS issuers or large institutional ABS investors. Competence in analysis of transaction structures, cash flow modelling, and experience reading transaction and legal documents.
• Demonstrated leadership in risk management at a large institution
• Risk decision making background within a large organization, such as a rating agency, other large banks or an institutional ABS issuer or investor.

Director Expectations

• To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business wide.
• They manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business. Or for an individual contributor, they lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
• Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
• Escalates breaches of policies / procedure appropriately.
• Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
• Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
• Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
• Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
• Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
• Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
• Negotiate with and influence stakeholders at a senior level both internally and externally.
• Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
• Mandated as a spokesperson for the function and business division.

All Senior 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.

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.