Credit Risk Manager Hedge Funds

London, United Kingdom
04 Aug 2022
03 Sep 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
As a Barclays Senior Credit Risk Manager, you will join our Credit Risk Sanctioning team, managing the analysis of our Fund credit exposures as well as being actively involved in formulating a fundamental risk appetite to clients, and sanctioning of both exposures and limits within acceptable risk parameters. This is an exciting opportunity to join a knowledgeable team, where you will be showcasing your expertise, being the main point of contact and keeping regular communication with our key stakeholders to inform them about risk levels and appetite.

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.

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?
• Responsible for conducting quantitative and qualitative analysis of counterparty credit quality, risk and exposure
• Supporting education sessions for junior team members, being a subject matter expert on market and credit risk modelling and margin methodologies
• Supporting annual due diligence meetings, writing annual reviews and proposing suitable limits
• Developing and improving the management information and presenting them to an audience
• Engaging with internal partners across Risk and Front Office to discuss and understand market activities, risk positioning, and potential stress scenarios
• Designing and implementing the improved counterparty risk limits, stress tests, scenario analysis and frameworks
• Analysing the drivers of the Value at Risk (VaR) and interpreting the results clearly in order to present them to the management team
• Interacting with various sales, prime brokerage and trading teams as well as interfacing directly with clients

What we're looking for:
• Bachelor's degree or equivalent in a relevant subject like Finance, Mathematics or Economics or equivalent work experience
• Extensive experience in a Hedge Fund credit risk, and a risk management background at a major investment institution, with a solid product knowledge across markets
• Excellent written and verbal communication skills, with the ability to prepare written analysis and present to an audience
• Deep technical understanding of constitutional documentation, portfolio risk modelling (e.g. PFE, VaR) and know-how of large data sets analysis in MS Excel

Skills that will help you in the role:
• Master's degree or FRM, CFA or CAIA qualification would be ideal but not essential or equivalent work experience
• Proficiency using Python and Excel, as well as VBA & SQL would be preferred
• Previous experience in negotiating legal documents (e.g. ISDA, GMRA, PBA, LDA)
• Proven ability to forge relationships with internal and external stakeholders

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 it 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.

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