Analyst - Counterparty Credit Risk

The Counterparty Risk Management (CRM) function is responsible for the management and control of counterparty risk at Barclays. CRM provides independent review and challenge of counterparty risk across the business, producing detailed analysis of the portfolio for internal and external stakeholders and managing the control framework under which counterparty risk is governed.

To be successful in this role as an Analyst - Counterparty Credit Risk, you should possess the following skillsets:

• Proven experience in traded product risk management (Counterparty Credit Risk or Market Risk).
• Strong understanding of pricing and risk management for derivatives and securities financing in at least one major asset class (e. g. , Rates, FX, Equities, Credit).
• Familiarity with market and credit risk models, methodologies, and regulatory frameworks (e. g. , Basel III, SA-CCR, IMM, CVA).
• Excellent communication skills with ability to present complex analysis to senior stakeholders.
• Ability to manage multiple priorities and deliver under tight deadlines.

Some other highly valued skills include:

• Advanced Excel skills, including pivot tables, complex formulas, data analysis, and preferably VBA for automation.
• Advanced analytical and quantitative skills; proficiency in tools such as Python, VBA, or SQL is a plus.

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.

This role is based in our Nirlon Knowledge Park, Mumbai office.

Purpose of the role

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

Accountabilities

• Monitoring the banks exposure to each counterparty across different product lines and asset classes.
• Analysis of the financial condition and creditworthiness of the banks 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 banks 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.