Risk Measurement IRB Repair VP

Join us as an "Risk Measurement IRB Repair VP" 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.

To be successful in this role as a “ Risk Measurement IRB Repair VP", you should drive projects related to adequate impairment/capital, identify new opportunities to rationalize impairment/capital, production of short term forecasting and production of outlooks, measurement of forecast vs. actuals performance, portfolio analytics to help understand drivers of impairment/RWAs and support implementation of new models and policies

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.

Essential Skills:

• A degree in an analytical/business related discipline
• Analytical skills: problem-structuring, hypothesis testing via data analysis.
• Data management/analysis skills, with experience in usage of widely known commercially and open-source available data processing software (SAS, SQL, Python etc.).
• Team working and stakeholder management across all levels.
• Clear and concise communication to present results of analyses up to level of Director in the organization.
• Project management skills to ensure delivery across multitude of tasks, by enabling pragmatic prioritization across the team.

Desirable Skills :

• Post-graduate degree
• Knowledge of Credit risk management in retail lending
• Knowledge of Capital regulatory standards (CRDIV) and Basel IV requirement
• Knowledge of Impairment provisioning standards (IFRS9).
• Forecasting, portfolio risk management, risk modelling technique knowledge.
• Knowledge of financial services industry and market.
• Current Role Grade as VP to ensure the stakeholder environment.

This role is based in our Noida office.

Purpose of the role

To ensure regulatory and economic capital is calculated accurately and in line with external regulation / internal Barclays policy and to provide oversight and adequacy for expected losses arising from borrowers' defaults on loans, bonds, and other credit instruments.

Accountabilities

• Calculation of RWAs/regulatory capital.
• Development, calibration, and implementation of credit risk models that estimate the probability of default (PD) and loss given default (LGD) for various borrower segments and credit products and explain the outcomes.
• Development and utilisation of quantitative models and risk forecasting tools to measure and predict potential credit losses.
• Analysis of credit trends, identify early warning signs of potential borrowers' issues, and assess the impact of economic and market developments on the portfolio credit losses and regulatory capitlal.
• Performance of portfolio stress testing exercises to assess the impact of various economic and market scenarios on regulatory capital.
• Maintenance and management of credit risk data effectively, ensuring accuracy, integrity, and timeliness.
• Delivery of internal/external regulatory reporting including committees and requirements relating to regulatory capital and impairment.
• Calculation of economic capital and associated reporting within ICAAP.

Vice President Expectations

• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills 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.