Counterparty Credit Risk Controller (AVP)

Overall purpose of role

The CCR Counterparty Control team are responsible for the counterparty credit risk engine metrics relating to counterparties sanctioned by the risk managers. They analyse the output of the engines and ensure timeliness, accuracy and completeness through preventative and remedial action. They will also explain risk moves and provide expert analysis to wide range of internal and external stakeholders, ensuring the accurate interpretation of published risk information and optimal decision making. The role of a controller will involve identifying and resolving data quality and process issues impacting the credit risk exposure outputs and ensuring the metrics are sent downstream correctly and adjusted where necessary and applicable. The controller is also responsible for daily excess management and for providing commentaries to stakeholders where counterparty limits are in excess and what is causing the exposure/excess.

Key Accountabilities

• Daily analysis over key risk metrics for a specific sanction team. Ensuring they understand their portfolio of counterparty names and the exposures on these names are correct and validated.

• Daily excess management providing commentaries where counterparty limits set by RSU are in excess.

• Identify and implement improvements to the control and reporting environments, documenting issues and proposing resolutions

• Support the delivery of new control and reporting requirements under various initiatives, whether Regulatory, Audit or Risk Models driven

Stakeholder Management and Leadership

• Ability to work effectively as an individual and as part of a wider team.

• Build strong relationships with key stakeholders

• Strong communicator at all levels, able to explain technical concepts to non-technical audience

Decision-making and Problem Solving

• Liaising with all relevant teams in order to resolve identified issues impacting exposures (PFE and RWAs).

• Apply own judgement in order to determine if adjustments to metrics are required and applicable and seek appropriate approvals to commit these adjustments to our risk systems.

Risk and Control Objective [This section is mandatory for all role profiles and must not be deleted]

• 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

Person Specification

The successful candidate is expected to demonstrate a working understanding of Basel III, Credit Risk calculations and data interrogation capabilities. Good communication skills are vital. RIS has a collegiate attitude towards decision making and needs a team player able to interact within the organisation. Colleagues excel in the team when they are self-starters with the motivation and initiative to close knowledge gaps.

Essential Skills/Basic Qualifications

• Excellent performance in a business or numerate degree

• Good knowledge on various Counterparty Risk metrics and mitigants such as PFE, EEPE, CSAs

• The right candidate will be motivated and individually focussed while at the same time patient and collaborative

• Flexible, excellent communicator, be able to build wide and strong networks with key stakeholders and beyond.

• Willingness to deal with issues outside of office hours, make decisions and challenge existing processes

• Perform under pressure and be able to work independently and with minimum guidance

Desirable skills/Preferred Qualifications

• Relevant postgraduate qualification/professional qualifications in a quantitative, Finance or related subject

• A working knowledge of or desire to learn VBA & SQL is preferable