AVP Market Risk (Credit)

Job Title: AVP Market Risk (Credit)

Location: Mumbai

About Barclays

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.

Dynamic Working

Our dynamic working programme has been set up to help Barclays colleagues achieve an optimal work/life balance. Arrangements we offer range from working at home and changing regular hours to taking career breaks. Our Dynamic Working initiatives support colleagues at all stages of their lives, helping them with parenthood, caring, further studies and hobbies

Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives. If you have a need for flexibility, then please discuss this with the Hiring Manager.

• Productions of analytics
  • Running monthly funding pulse check meeting across FO/COU/RMG/PCG/BM, reviewing actions, funding requirements, P&L, and producing the pack for the meeting with RMG/PCG input
  • Monthly review of EF Outlook with RMG and Credits Funding AE
  • Production of quarterly funding update for Global Head of Credit Trading and QBRs
  • Supporting in producing Funding MTP and documenting assumptions
  • Specific projects
• Monitoring CCP IM drivers
  • Setting up formal process with COU to manage JTD risk
  • Ensuring QA setup process for IBMO to manage CCP switches
  • Getting LCH IM calculations in ICE
  • Document allocation keys of IM funding charges so FO understand the mechanics of the allocation to their P&Ls
• Bond secured funding analysis – establishing regular MI for Trading desk of secured funding efficiency between FIF/PCG
• Loans secured funding analysis – ensuring accurate data is used for funding, and appropriate WALs are used across secondary, CLO business
• Stresses
  • Repo CLR – challenging MI and calculation to get transparency on the underlying drivers of the stress, and what action can be taken to reduce stress working with FIF
  • Intraday CLR – review calculation methodologies and allocation keys

What will you be doing?

• Setup and production of regular risk analytics reports which will feed into our global risk strategy for Credit Trading/Funding business
• Liaise with multiple team globally to retrieve relevant datasets and prepare the story with specific focus on risk strategy
• Work closely with the global business management teams to understand wider priorities and provide timely inputs to drive active risk management

What we’re looking for:

• Candidates should have an undergraduate degree in a relevant field or equivalent (i.e. Finance, Management, Economics, Business, Computer Science)
• Understanding of what a Credit Trading does and the financial products it trades along with general understanding of the Funding business in an investment banking setup
• Direct experience in a Risk Analytics function preferably in Credit Trading business with strong understand of risk metrics like CS01 (Credit Spread 01), CCS1%, VAR (regulatory and management), LID0 (loss in default at zero recovery), balance sheet (long vs short), etc.
• Proficient in MS Office suite, including PowerPoint, Excel, Outlook and Word
• Hands on experience on Business Intelligence (BI) tools like Tableau and Qlikview is an added benefit
• The successful candidate will have proven experience of:
  • Executing against tight deadlines
  • Ability to handle stressful situations
  • Good Stakeholder communication skills
  • Evidence of successful collaboration in a global, geographically dispersed environment

Skills that will help you in the role:

• 3-4 years of experience in a risk analytics function
• Prior experience in data analytics, data visualisation, VBA or python programming is strongly desirable

Where will you be working?

Mumbai

Be More at Barclays

At Barclays, each day is about being more – as a professional, and as a person. ‘Be More @ Barclays’ represents our core promise to all current and future employees. It’s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.

Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.

Our Values

Purpose and Values

We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.

Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.

Respect

We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone’s contribution.

Integrity

We operate with honesty, transparency and fairness in all we do.

Service

We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.

Excellence

We champion innovation, and use our energy, expertise and resources to make a positive difference.

Stewardship

We prize sustainability, and are passionate about leaving things better than we found them.

Our Diversity

We aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals.

Our Benefits

Our customers are unique. The same goes for our colleagues. That’s why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our dynamic working options for colleagues. If you have a need for flexibility, then please discuss this with us.