Embark on a transformative journey as a Barclays Risk Management VP. At Barclays, our vision is clear –to redefine the future of banking and help craft innovative solutions. The VP of Risk Management role resides in 2nd line of defense and will be responsible for portfolio analytics and oversight to enhance the risk policy and strategy and drive resilient growth of USCB portfolio. This position plays key role within Chief Risk Office as it is responsible for managing risk, risk/reward tradeoff and customers risk assessment throughout the life cycle.

To be successful as a Barclays Risk Management VP you should have experience with:

Independently monitor credit performance to identify existing and future credit risks
Identifying key areas of opportunities and working with 1st line of defense to address it
Analyzing and measuring exposure to credit risk, including performing end-to-end statistical and analytical evaluations to optimize portfolio performance
Support launch and conversion of new partnership credit card portfolios
Check and Challenge strategy proposals formulated by 1LOD to ensure they are sound and meet the hurdles
Evaluating data using statistical analysis techniques such as decision trees, optimization procedures, loss forecasting, enhanced process monitoring, and data quality analyses

Some other highly valued skills may include:

Financial services/banking experience
Understanding of regulatory requirements
Analytical software tools such as SAS and SQL

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.

Location: Wilmington, Delaware

Purpose of the role

To manage and optimise the bank's overall credit risk exposure by monitoring, analysing, and reporting on the creditworthiness of its lending portfolio.

Accountabilities

Monitoring the financial performance and risk profile of the entire lending portfolio, including individual borrowers, sectors, and geographic regions.
Analysis of credit trends, identify early warning signs of potential borrowers' issues, and assess the impact of economic and market developments on the portfolio.
Development and utilisation of quantitative models and risk forecasting tools to measure and predict potential credit losses.
Performance of portfolio stress testing exercises to assess the impact of various economic and market scenarios on the portfolio's risk profile.
Definition and setting of portfolio, segment and customer risk appetite, policy and limits. Overseeing first line execution within these parameters.

Vice President Expectations

To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others..
OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
Manage and mitigate risks through assessment, in support of the control and governance agenda.
Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
Adopt and include the outcomes of extensive research in problem solving processes.
Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills 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.