IFRS9 Impairment Reporting

Recruiter
Barclays
Location
London, United Kingdom
Salary
Competitive
Posted
18 Nov 2021
Closes
03 Dec 2021
Ref
12725858
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
As a Barclays Impairment Assistant Vice President you will be engaged in the production and review of timely and accurate Expected Credit Loss metrics to support internal MI and external financial reporting. As a key contributor to the IFRS9 Impairment process, you will be ensuring high quality data analysis, identification of risk drivers, execution of SOX controls, interaction with stakeholders & management, as well as participation in the design and testing of IT & model enhancements.
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.

What will you be doing?
• Handling impairment calculation and reporting processes, including, model execution, data analysis, and stakeholder management, in line with the SOX control environment
• Participating in strategic business and regulatory related projects, e.g. implementation of new business and system processes
• Supporting the calculation of ad-hoc impairment impact assessments, and enhancing existing system functionality
• Designing, developing and testing data solutions, providing customer guidance when requirements need translating from business language, while ensuring good practice
• Ensuring the robustness of the control environment, documenting issues, and proposing resolutions
• Performing impairment impact analyses relating to model changes, economic scenario refresh, and counterparty specific parameter sensitivity

What we're looking for?

• Minimum high quality undergraduate degree - 2.1 or equivalent
• Working knowledge of the IFRS9 Accounting Standard, in particular, impairment modelling methodology used for Wholesale Credit Risk portfolios
• Excellent understanding of the use of Wholesale Credit Risk parameters, such as, PD, LGD, EAD, in Capital and Impairment calculations
• Excellent analytical and problem solving abilities

Skills that will help you in the role:

• Working knowledge of data analysis tools such as Python/ SQL/ SAS/ etc. used to interrogate data
• Previous experience of analysing impairment reporting data and credit factor movements
• Exposure to business analysis, investigating issues and documenting findings
• Post graduate degree or professional qualifications, such as CFA/ FRM will be advantageous

Where will you be working?

In the heart of Canary Wharf, our headquarters at Churchill Place boasts onsite amenities such as; a gym, staff restaurant and deli bar, and is easily accessible by tube and bus links. With a population of around 5000 staff the atmosphere is second to none with a real buzz being created around the offices within.

LW2020

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