Counterparty Risk Management

London, United Kingdom
29 Nov 2022
14 Dec 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
As a Barclays Counterparty Risk Manager you will assist in driving our risk analysis, review and challenge agenda. You will work both independently and as part of a team to provide expert analysis and commentary on the bank's counterparty risk profile. In your new role you will be proficient in scripting languages such as Python or R. You will liaise with Sales and Trading to discuss and give consultancy on the risk of derivative and financing transactions, as well as recommend levels for margining.

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. If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs.

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 Please discuss the detail of the working pattern options for the role with the hiring manager.

What will you be doing?
• Live risking of derivative and securities financing transactions across asset classes
• Portfolio risk analysis and stress-testing of counterparty risk exposures for the bank
• Quantitative and qualitative analysis of counterparty risk, looking across market and credit risks
• Assisting with annual model reviews owned by the CRM team, participate in model improvements, recalibrations and impact analysis
• Developing and improving of management information
• Presenting of analysis and results to senior management
• Contributing to the continuous improvement of risk systems and tools
• Ensuring the appropriate model governance and control environment is in place and maintained

What we're looking for:
• Track record in market / counterparty credit risk management with a leading Investment Bank and/or financial institution
• Degree in Finance, Engineering or similar quantitative field
• Good understanding of derivatives and securities financing products and the risks they generate
• Experience with statistical analysis and tools e.g. SQL, R, Python

Skills that will help you in the role:
• Master'sDegree
• Relevant professional certifications e.g. FRM, CFA, CQF
• Experience with SQL, Python

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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