Counterparty Credit Risk Analyst

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

• 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.

As the Counterparty Credit Risk Analyst you will coordinate and oversee a new BAU Counterparty Credit Risk (CCR) process. This will include working with IT for implementation requirements, Risk Model Group for business requirements, and Production teams to identify improvements to processes and already-existing functionality. Additionally, you will also work on detecting, analysing, and coordinating resolutions for data quality issues.

You'll be accountable for:

• Coordinating and performing the CCR BAU processes: Gather and understand requirements, assess feasibility, and implement them within BAU in a timely and efficient manner. Perform BAU tasks for excess management and variation analysis.
• CCR new features and enhancements: Work with stakeholders and IT teams for adding new features and enhancements to a critical Risk Stress Testing System in order to facilitate BAU.
• Data quality issue remediation: Work with stakeholders to investigate the source of DQ issues, document and prioritise fixes in the relevant upstream systems.

• Provision of expertise: Support the delivery of new controls and reporting requirements under various initiatives, whether Regulatory, Audit or Risk Models driven.
• Stakeholder Management: Liaison between the Front Office and Credit Officers for any credit inquiries. Liaise with various application system owners to ensure data quality.
• Process improvement: Automate reporting needs for the region and ensure global consistency in the reporting process.

To be successful in this role, you'll have:

• Experience with requirements gathering and User Acceptance Testing (UAT) processes.
• Demonstrable experience with project delivery within the required timelines.
• Ability to tailor written communication to a high standard.
• Good knowledge Derivatives and Security Financing products.
• Good control awareness, and ability/experience escalating issues in established processes.
• Strong analytical skills, and experience in manipulating data for both investigation and report production.
• Ability to work with autonomy.
• Proficient in Microsoft Excel.
• Demonstratable experience programming in Python/SQL 
• Bachelor’s degree in quantitative subject e.g. Mathematics, Finance, Economics
• Proven experience in Credit risk business and technical analysis

Other desirable skills include:

• Awareness of the risk regulatory landscape.
• Strong stakeholder management and relationship-building.

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 Glasgow.