Job Description

Purpose of the role

To assess, monitor, and manage the potential for financial loss due to the default of a bank's trading partners

Accountabilities

• Monitoring the bank's exposure to each counterparty across different product lines and asset classes.
• Analysis of the financial condition and creditworthiness of the bank's counterparties, including corporations, financial institutions, and sovereign entities.
• Development and implementation of credit scoring models to quantify counterparty risk.
• Conducting stress testing to assess the impact of potential counterparty defaults on the bank's capital and liquidity.
• Negotiation and management of collateral agreements with counterparties to mitigate potential losses in case of default.

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.

Join us as a Counterparty Risk Manager at Barclays, which is an exciting and unique opportunity to contribute to the measurement, control and management of the Counterparty Credit Risks of the trading book. The individual will be exposed to financial derivatives and securities financing transactions across all asset classes and influence improvements in risk models, processes and framework.

Some responsibilities you will have as a Counterparty Risk Manager are

• Development of management information & presentation of analysis to senior management
  
• Portfolio risk analysis and stress-testing of counterparty risk exposures for the bank
  
• Quantitative and qualitative analysis of counterparty risk, looking across market and credit risks
  
• Ad hoc portfolio risk analysis of emergent market and macroeconomic events and how they affect the bank’s counterparty risk profile
  
• Real time calibration of initial margin and collateral haircut requirements for derivative and securities financing transactions across all asset classes
  
• Assist with annual model reviews owned by the Counterparty Risk Management team, participate in model improvements, recalibrations and impact analysis
  
• Contribution to the continuous improvement of risk systems and tools
  

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

• Experience with statistical analysis and programming tools e.g. SQL and Python
  
• Experience in a traded product risk management role ie. Counterparty Credit Risk or Market Risk
  
• Knowledge of pricing and / or risk management practices across derivatives and securities financing products in at least one major asset class
  
• Exposure to development of market / credit risk models and methodologies
  
• Understanding of regulatory risk capital requirements, models and metrics
  
• Interest in, and awareness of developments in global capital markets
  
• Up to date with global capital markets, experience in using Bloomberg, Reuters etc
  
• Effective, clear communication skills and a highly analytical mind with a strong attention to detail
  
• Inquisitive mind set, with ability to critically assess and improve systems and processes
  

Some other highly valued skills may include

• Strong track record in market / counterparty credit risk management with a leading Investment Bank and/or financial institution
  
• Degree in Finance, Engineering or similar quantitative field, potentially to a Masters level
  
• Relevant professional certifications e.g. FRM, CFA, CQF
  

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:
Glasgow