Risk Analyst

As the Risk Analyst, you will leverage data analytics and modeling to build, monitor, maintain, and optimize risk/reward decisions within BUK Unsecured Lending. This role encompasses various products and involves both new product launches and existing product optimisations. You will provide analytical support in designing credit policies across the customer lifecycle, setting credit parameters to ensure loss rates remain within risk appetite while achieving the expected reward. Additionally, you will engage with the commercial team to align with business goals, conduct in-depth investigative analysis on portfolios and segments using data from various sources, and develop reports to establish credit performance for monthly Risk Management Committee and senior stakeholder meetings. You will also offer ad-hoc insights and support to the wider CRO teams and senior management.

Your key accountabilities include sourcing data from various warehouses and external partners, producing high-quality recommendations for underwriting strategy design and exposure optimisation, and providing insights to support the creation of risk strategies to achieve P&L/impairment targets. You will monitor the performance of credit policies, highlight trends, and drive corrective actions. Additionally, you will produce and maintain various BAU reports, ensuring timely delivery, and respond to senior management’s requests for information with clear and accurate data/insights. You will communicate proposed strategy changes effectively to team leaders and key stakeholders, and influence ongoing communications with senior-level business stakeholders, including Finance, CRO, Decision Analytics, and Commercial heads.

To be successful as a Risk Analyst, you should have experience with

• Statistical Software: SAS or SQL for data analysis.
• Excel: Proficient with pivot tables, conditional formatting, data validation, and logical functions.
• Data Processing: Skilled at converting large datasets into actionable insights.
• Analytical Problem-Solving: Experienced in using analytics to solve complex business issues.
• PowerPoint: Proficient in creating professional presentations.
• Communication: Capable of challenging and advocating for optimal business and customer outcomes.
• Work Style: Able to work independently, manage multiple stakeholders, and thrive in a dynamic environment.

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

Northampton

Purpose of the role

To manage and optimise the bank's overall credit risk exposure by monitoring, analysing, and reporting on the creditworthiness of its lending portfolio.

Accountabilities

• Monitoring the financial performance and risk profile of the entire lending portfolio, including individual borrowers, sectors, and geographic regions.
• Analysis of credit trends, identify early warning signs of potential borrowers' issues, and assess the impact of economic and market developments on the portfolio.
• Development and utilisation of quantitative models and risk forecasting tools to measure and predict potential credit losses.
• Performance of portfolio stress testing exercises to assess the impact of various economic and market scenarios on the portfolio's risk profile.
• Definition and setting of portfolio, segment and customer risk appetite, policy and limits. Overseeing first line execution within these parameters.

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.