Join us as a Counterparty Risk Analyst at Barclays, offering a unique opportunity to contribute to the measurement, control, and management of Counterparty Credit Risks within the trading book. The role involves exposure to financial derivatives and securities financing transactions across all asset classes, with a focus on improving risk models, processes, and frameworks.
Some responsibilities include:
1. Development of management information and presentation of analysis to senior management.
2. Portfolio risk analysis and stress-testing of counterparty risk exposures.
3. Quantitative and qualitative analysis of counterparty risk across market and credit risks.
4. Ad hoc portfolio risk analysis related to market and macroeconomic events.
5. Real-time calibration of initial margin and collateral haircut requirements.
6. Assisting with annual model reviews, model improvements, recalibrations, and impact analysis.
7. Contributing to the continuous improvement of risk systems and tools.
To succeed in this role, you should have experience with:
1. Statistical analysis and programming tools such as SQL and Python.
2. Experience in traded product risk management roles like Counterparty Credit Risk or Market Risk.
3. Knowledge of pricing and risk management practices in derivatives and securities financing.
4. Experience in developing market and credit risk models and methodologies.
5. Understanding of regulatory risk capital requirements, models, and metrics.
6. Awareness of developments in global capital markets, with experience using Bloomberg, Reuters, etc.
7. Effective communication skills, analytical mindset, and attention to detail.
8. Curiosity and ability to critically assess and improve systems and processes.
Valued additional skills include:
1. Strong track record in market or counterparty credit risk management within leading financial institutions.
2. Degree in Finance, Engineering, or similar quantitative field, potentially at Masters level.
3. Relevant certifications such as FRM, CFA, CQF.
The role may involve assessment on key skills like risk and controls, change management, business acumen, strategic thinking, and technical expertise.
Location: Glasgow
Purpose of the role: To assess, monitor, and manage potential financial losses from counterparty defaults.
Accountabilities include:
1. Monitoring exposure across product lines and asset classes.
2. Analyzing financial condition and creditworthiness of counterparties.
3. Developing credit scoring models.
4. Conducting stress tests for default impacts.
5. Managing collateral agreements to mitigate losses.
Expectations for Analysts include:
1. Performing activities timely and to high standards, driving continuous improvement.
2. Possessing in-depth technical knowledge and guiding team development.
3. Leading or contributing technically, influencing related teams, and partnering across functions.
4. Taking responsibility for operational outcomes and risk management.
5. Embedding policies, escalating breaches, and maintaining regulatory compliance.
6. Building understanding of organizational products and processes.
7. Making evaluative judgments, resolving problems, and communicating effectively.
8. Acting as stakeholder contact and expanding networks.
All colleagues are expected to embody Barclays' values—Respect, Integrity, Service, Excellence, Stewardship—and the Barclays Mindset—Empower, Challenge, Drive.
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