Counterparty Credit Risk - AVP

Job Description Purpose of the role: To assess, monitor, and manage the potential for financial loss due to the default of a bank's trading partners. Accountabilities Monitoring the bank's exposure to each counterparty across different product lines and asset classes. Analysis of the financial condition and creditworthiness of the bank's 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 bank's capital and liquidity. Negotiation and management of collateral agreements with counterparties to mitigate potential losses in case of default. Assistant Vice President Expectations Advise and influence decision making, contribute to policy development, and take responsibility for operational effectiveness. Collaborate closely with other functions and business divisions. Lead a team performing complex tasks, using well-developed professional knowledge and skills to deliver work that impacts the whole business function. Set objectives and coach employees, appraise performance relative to objectives, and determine reward outcomes. Demonstrate leadership behaviours: Listen and be authentic; Energise and inspire; Align across the enterprise; Develop others. Guide team members through structured assignments, identify needs for additional expertise, and develop cross‑functional solutions. Consult on complex issues, provide advice to People Leaders to support resolution of escalated issues, and identify ways to mitigate risk. Develop new policies and procedures to support the control and governance agenda and strengthen controls. Collaborate with other areas of work to align with business strategy and maintain current business activity. Engage in complex analysis of data from multiple internal and external sources to solve problems creatively and effectively. Communicate complex information and influence stakeholders to achieve outcomes. Demonstrate the Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship, and the Barclays Mindset of Empower, Challenge, and Drive. Key Responsibilities Live trade risking across products using a variety of models and methods, pricing all asset classes in simulated market environments to build profit and loss distributions. Collaborate with Front Office customers (Sales, Trading, and Banking) to understand the economic details of transactions before risking. Follow emergent market and macroeconomic events and assess their impact on the bank’s counterparty risk profile. Contribute to continuous improvement of risk systems and tools and propose enhancements to senior management. Ensure appropriate model governance and control environment is in place and maintained. Engage with and, when necessary, elevate to Senior Risk Managers extraordinary risk issues. Manage counterparty risk exposures at the portfolio level. Support telecommuting arrangements as per company policies (hybrid role). Compensation Minimum Salary: $125,000 per year. Maximum Salary: $160,000 per year. This position includes base salary and may be eligible for incentives pursuant to the Barclays Employee Referral Program. #J-18808-Ljbffr