WCR Portfolio - CCR AVP

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 AVP - 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.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• 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 will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. Complex information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders 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.