Credit Risk Basel IV VP

London, United Kingdom
Aug 14, 2022
Aug 28, 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
As a Barclays Credit Risk Basel IV Senior Manager, you will sit within the Credit Risk part of the Risk Regulatory Oversight and Coordination team. You will support the Barclays Risk Regulatory Coordination in complying with our prudential regulatory requirements, in particular in relation to our Advanced IRB (Internal Rating Based) permissions from the PRA and other regulators. You will be responsible for assessment and advocacy in relation to upcoming Basel IV requirements, working with Risk regulatory SMEs and Risk stakeholders.

Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality and innovation behind us. We offer careers that provide endless opportunity - helping millions of individuals and businesses thrive, and creating financial and digital solutions that the world now takes for granted.

This opportunity is open to flexible working arrangements. Such as working from home, flexible or compressed hours, and part-time options. If you have a need for flexibility, please apply and discuss this with us during the hiring process.

We are currently operating in a hybrid working environment, meaning that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Please discuss the detail of the working pattern options for the role with the hiring manager.

What will you be doing?
• Horizon scanning and interpretation of new and emerging regulatory requirements. Work closely with internal stakeholders to facilitate implementation of new regulations
• Managing and delivering both regular and ad-hoc regulatory deliverables, including those related to our model permissions
• Reviewing model and rating system changes related to credit risk, coordinating regulatory submissions arising from changes and communicate details with management and regulators
• Assessment of our compliance with regulatory permissions
• Tracking the management of regulatory issues relating to Credit Risk including those identified by regulators and self-identified issues
• Being a Subject Matter Expert to provide guidance to risk colleagues and other stakeholders on matters related to Basel IV and our IRB Credit Risk permissions
• Streamlining and enhancing current regulatory processes, including changes to relevant policies, standards and procedures
• Providing verbal or written briefings to Senior Business, Regional and Infrastructure management on regulatory trends, issues and remediation

What we're looking for:
• Knowledge of prudential regulations related to Credit Risk, i.e. knowledge of IRB model permissions
• Excellent understanding of Credit Risk including product knowledge; and experience in related fields such as risk models, methodologies, risk mitigation and risk management
• Proficient numerical skills and ability to clearly write and articulate complex subject matter

Skills that will help you in the role:
• Experience in interpreting regulatory requirements and ability to review and challenge associated regulatory processes
• Excellent written and verbal communication skills and ability to engage with internal and external stakeholders at multiple levels
• Delivery focused - highly organised individual with excellent attention to detail and ability to manage multiple tasks and deliver within tight timeframes
• Good control mindset, with a good understanding of the importance of a robust governance and control structure, and what that means for a bank Risk function

Where will you be working?
5 North Colonnade is home to our investment bank and is in the heart of Canary Wharf, just a short walk from our headquarters at Churchill Place. It boasts an array of onsite amenities such as dry cleaner as well as a deli and buffet style staff restaurant. The building is easily accessible by tube, docklands light railway and all major bus links. The atmosphere is second to none with a real buzz being created around the offices within.

#LW 2020

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