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VP - Retail Credit Risk Review Group

Delhi, National Capital Territory of Delhi

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VP - Retail Credit Risk Review Group

Delhi, National Capital Territory of Delhi

Apply for job

Date live: Apr. 26, 2024

Business Area: COO & Functions

Area of Expertise: Risk and Quantitative Analytics

Reference Code: 90387615

Contract: Permanent

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Job Title : VP - Retail Credit Risk Review Group
Location: Noida

About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective

Take ownership for managing risk and strengthening controls in relation to the work you do

Working Flexibly

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises 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 carer, 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.

Hybrid Working 

Structured hybrid role:    
At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home.  We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

Introduction:

The VP of BBDE Retail Loan Review is based in Noida, India and is an important part of the Retail Loan Review team, which independently evaluates the effectiveness of the Bank’s credit assessment and measurement systems and processes, including the credit risk grading system, provides regular independent assessment of retail credit risk, helping the BBDE Board and Senior Management understand and monitor portfolio quality.  The RLR function has a mandate through the BBDE Board Risk Committee and Group Chief Risk Officer.  The function sits within the 2nd Line of Defence (2LOD) but is independent of any other 2LOD teams, especially of the Credit Risk teams at BBDE. The RLR function is subject to and compliant with the US SR 20-13 Interagency Guidance on Credit Risk Review Systems.

What will you be doing?

•    Act as Lead reviewer for RLR Reviews. 
•    Communicate the documents to be submitted to RLR by the first and second line of business teams. 
•    Review the submitted documents, prepare the list of points for further analysis and discuss them within the review team. Prepare initial and follow-up questions for first and second line team management. Schedule necessary discussions with first and second line team management over the duration of the review. 
•    Conduct analysis to assess the materiality of any concerns that arise during the review, and which may translate to issues or recommendations. Agree issue resolution timeline with action owners, based on the scale of work required to remediate the issue, as well as the materiality of the issue. Escalate disagreements to Director RLR if necessary. 
•    Draft the review report including all necessary backups. 
•    For any issues highlighted in the report, recommend issue closure upon successful resolution. 
•    Lead the team’s independent portfolio data mining and analytics capabilities. Take part in the continuous monitoring of the Retail portfolios through data analysis, portfolio & segment trends. 
•    Support the development of RLR’s Annual Review Plan.
•    Drive regular updates of the RLR Operating Procedures for approval by Director RLR and Head CRRG.
•    Act as a deputy to the Head of RLR and support all other team activities. Help career development and training for junior unit members. 

What we’re looking for:

•    Comprehensive experience as a risk manager of retail credit.
•    This role faces off primarily with US-based stakeholders, and requires a significant overlap with US hours. On average the person is expected to work till 10 pm India time, and even later if required.

Skills that will help you in the role:

•    Minimum of 10 years of financial services experience in retail (i.e. consumer) credit, including credit cards and track record of successful management of teams involved in credit risk or audit.
•    Strong interpersonal skills, including effectively influence and manage internal stakeholders.
•    Proficient with verbal and written communication – communicate clearly and professionally through a variety of means, including voice and non-voice communication.
•    Ability to work and react quickly, proactively and independently and maintain a consistent workload. 
•    Team work – have the ability to engage with peers and stakeholders to achieve the best solutions and quality of outcomes.
•    Independent analytical thinker, able to effectively articulate and defend own views and decisions. 
•    Quantitative educational background or professional experience.
•    Ability to work remotely, as the role is based in India with team members and most stakeholders / counterparties are based in USA.
•    CPA/CA, MBA, CFA, FRM or related qualifications.
•    Lending decision making – analyse and interpret relevant data and underwriting policies and procedures to make sound decisions which drive positive customer outcomes. 
•    Commercial acumen – understanding of a Cards business and its P&L drivers.

Where will you be working?
Noida


Be More at Barclays
At Barclays, each day is about being more – as a professional, and as a person. ‘Be More @ Barclays’ represents our core promise to all current and future employees. It’s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.

Purpose, Values and Mindset
We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.

Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.

Respect
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.
Integrity
We operate with honesty, transparency and fairness in all we do.
Service
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
Excellence
We champion innovation, and use our energy, expertise and resources to make a positive difference.
Stewardship
We prize sustainability, and are passionate about leaving things better than we found them.
Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.
Empower 
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
Challenge
Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.
Drive
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.

More about working at Barclays

We're committed to providing a supportive and simplified experience for our candidates throughout the application and assessment process. Here, you will find information about what to expect and some guidance around your assessment and interview.

While the application process depends on the role, there are some constant steps, which are;

Step 1 - Your application
Step 2 - Your assessment
Step 3 - Your interview
Step 4 - Next steps

We aim to create an inclusive work environment where everyone can reach their full potential. If you require any adjustments to our recruitment process, please click here to learn more.

Find out more information here.

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.

OWe are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises 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 Carer, 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.

More content

The Barclays Way

This is the spirit of Barclays. It’s why we exist, what we believe and how we behave. But most importantly, it’s how we make decisions, take action and get things done.

Learn more

Purpose

Working together for a better financial future.

Values

We believe great talent RISES. It acts with Respect, Integrity, Service, Excellence and Stewardship.

Mindset

We discover our full potential through our desire to Empower, Challenge and Drive each other.

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