Risk Manager

London, United Kingdom
15 Nov 2022
28 Nov 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
As a Barclays Risk Manager you will be responsible for analytical support in designing credit policies across the customer lifecycle. This includes the setting of credit parameters for all programs impacting customers to ensure loss rates remain within risk appetite whilst the expected reward is achieved. In your new role you will work with data analytics and modelling, to build, monitor, maintain and optimize the risk/reward decision within BUK Unsecured Lending. This will encompass different products and involve new product launches / existing product optimizations
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're committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognizes and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers' and clients' needs. Whether you have family commitments or you're a career, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.

We are currently in the early stages of implementing a hybrid working environment, which means 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. We're flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. We also have a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances

What will you be doing?

• You will be responsible for producing high quality recommendations for underwriting strategy design
• Providing insight and recommendations to Senior Credit Risk Manager to support in the creation of risk strategies and achieve P&L/impairment targets
• You will be responsible for in-depth monitoring of performance of certain credit policies, highlighting trends / insights and driving corrective actions
• Taking responsibility for the production and maintenance of a variety of BAU reports, and ensure they are delivered within agreed timescales
• Responding to requests for information from senior management, producing timely, clear and accurate data/insight to meet those requests
• Delivering clear, concise, and effective communication of proposed strategy changes to team leader and other key stakeholders
• Influencing on-going communications with key business stakeholders at senior level: Finance, CRO, Decision Analytics and Commercial heads
What we're looking for:
• Advanced understanding of a standard statistical package (SAS preferred) or similar such as SQL coding to perform data analysis
• Advanced Excel skills (e.g. pivot tables, conditional formatting, data validation, logical functions)
• Ability to process vast amounts of data into meaningful information
• Practical experience of using analytics to solve complex business problems

Skills that will help you in the role:

• Experience in designing credit strategies on a consumer credit portfolio
• Strong academic background in a mathematical discipline e.g. mathematics, statistics, physics
• Excellent quantitative skills with exceptional analytical skills and logical thinking
• Understanding of how a consumer lending product functions and how the key parts of its P&L might interact

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.
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