ALM Transformation

ALM Transformation
Glasgow

As a Barclays Asset and Liability Management (ALM) Transformation, you will become an important part of our insights Centre of Excellence providing expert analysis of Interest Rate Risk in the Banking Book (IRRBB) risk across all entities, business areas and product types. Working closely with stakeholders, you will provide professional and robust analysis and insights, having a real opportunity to contribute to ALM Insights Transformation deliverables.

Barclays is one of the world's largest and most respected financial institutions, established in 1690, with a legacy of success, quality, and innovation. 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.

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.

What will you be doing?

•    Supporting ALM Transformation using IRRBB risk analysis (including repricing gap, EVE and NII) to ensure that ALM models being developed are fit for purpose 
•    Providing insights and MI on the Banking Book Balance Sheet positions and key risk and performance indicators for newly developed models 
•    Providing recommendations on how new IRRBB models should be developed including how they should be implemented to help ALM achieve its transformation goals
•    Developing an understanding of the banking book balance sheet, ensuring for all new models developed that all Non-Traded Market Risk (NTMR) is identified, understood and measured 
•    Identifying proactively areas of improvement in current solutions and upcoming requirements
•    Building relationships with key stakeholders across the Transformation, Technology and Non-Traded Market Risk Teams (NTMR), providing technical guidance as required
•    Delivering clear, transparent and effective communication in all forms to ensure that complex messages are easily interpreted and understood

What we’re looking for:

•    Excellent numeric and analytical skills with developed working knowledge of Microsoft Excel (Pivot tables, vlookups, sumifs etc
•    Excellent presentation and communication skills
•    ALM experience and knowledge of (UK/EU) IRRBB regulatory requirements
•    Good understanding of risk metrics EVE, VaR and NII

Skills that will help you in the role:

•    Numeric degree or professional qualification
•    Good understanding of Balance Sheet risk drivers in a bank and appropriate mitigation strategies
•    Previous working experience of using SQL and/or other ALM models
•    Experience of financial products such as derivatives and structured products (including options), their pricing and their use in market risk management

Where will you be working?

Our new state-of-the-art Campus, right in the heart of Glasgow is a hub of creative collaboration. A place where everyone can bring their true selves to work and reach their full potential. Home to 5,000 of our colleagues, our Tradeston campus will support the community in more ways than one - by creating thousands of new career opportunities and celebrating local artists. A short walk from Central Station on the south of the Clyde, it will be a key location for the Barclays business that will deepen our ties with the city and its communities.

#LI-Hybrid