Credit Risk Review Group, VP

Mumbai, India

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Date live: Sep. 23, 2024

Business Area: Risk

Area of Expertise: Risk and Quantitative Analytics

Reference Code: JR-0000007769

Contract: Permanent

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Become part of Barclays Credit Risk Review Group (CRRG) as a VP. This team team is an independent assurance function tasked with monitoring and reviewing the quality of the bank’s loan and derivative portfolios. Operating under the mandate of the Group Chief Risk Officer and reporting to various Boards of Directors, CRRG ensures the integrity of the credit sanctioning process. Your primary responsibilities include writing reviews assessing obligor creditworthiness and recommend basis and rationale for challenges to internal grades / ratings, as well as apply credit judgement. You will be presenting to and discussing your analysis with senior management and peers with contrasting views. validating internal grades through sampling, reviewing credit origination, evaluation, and approval processes, and testing conformance to relevant credit policies and standards. You will lead and own the completion of credit reviews / projects as assigned within the CRRG Annual Plan or on an ad hoc basis, and report findings to key stakeholders, ensuring that corrective actions are tracked to completion. You will lead and own the completion of credit reviews / projects as assigned within the CRRG Annual Plan or on an ad hoc basis, and report findings to key stakeholders, ensuring that corrective actions are tracked to completion. You will also be responsible for reviewing the credit analysis performed by junior team members (and recommend improvements where warranted) and be instrumental in coaching and training of new joiners and more junior team members. You will interface with various regulators as needed. You will support the Head of CRRG in the annual plan development and resource allocation. Additionally, you will monitor and lead on continuous monitoring activities on assigned industry sectors and sub-sectors. This function is independent of the credit sanctioning risk shared services and Business CROs within Barclays, ensuring unbiased and thorough assessments.

To be successful as a Vice President- Credit Risk Review Group, you should have experience of:

5+ years' solid experience as a credit officer / sanctioner, loan underwriter, credit risk or loan reviewer, or credit audit within a large financial institution, preferably in an investment or corporate banking environment, or a rating agency.
5+ years' experience in people management, project leadership or consulting.
Familiarity with processes related to wholesale loan underwriting, credit agreements, and covenant monitoring.

Some other highly valued skills may include

Experience in dealing with regulators, audit and other control bodies;
Familiarity with general regulatory requirements and expectations facing the broader Wholesale Credit Risk organization (e.g. Lev Fin IAG, OCC, SNC, etc)
Technical Expertise: Strong knowledge in corporate credit analysis and familiarity with Barclays wholesale credit risk governance and capital models.
Organizational Skills: Ability to manage multiple assignments concurrently.
Professional Qualifications: Degrees in finance or risk-related disciplines (essential), and certifications like CPA/CA, CFA, FRM.
Communication Skills: Confident in delivering challenging messages to senior management and colleagues.
Industry and Process Knowledge: Expertise in specific industry sectors, familiarity with Barclays’ credit processes, wholesale loan underwriting standards, and the syndication market for corporate loans.

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

The location of the role is Mumbai, IN

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific, and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.

Purpose of the role

To support the Risk Function in delivering it’s objective of safeguarding the bank's financial and operational stability by proactively identifying, assessing, mitigating, and monitoring risks across various business units and activities.

Accountabilities

Development of strategic direction for risk, including the implementation of up-to-date methodologies and processes.
Management of the risk department, including oversight of risk colleagues and their performance, implementation of risk priorities and objectives, oversight of department efficiency and effectiveness.
Relationship management of risk stakeholders, including identifying relevant stakeholders, and maintenance of the quality of external third-party services.
Adherence to the Risk policy, standards and frameworks, and maintaining a robust control environment.

Vice President Expectations

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.

More about working at Barclays

Barclays has been in Asia Pacific for over 50 years, supporting corporations and financial institutions across the Asia Pacific region and connecting them to the capital markets of UK, Europe and the Americas. For more information click here.

Our approach to hybrid working ensures there’s the right balance of working alongside colleagues at our onsite locations, as required for each role. For business areas that offer a hybrid working experience, this will be in a structured way, where colleagues work at an onsite location on fixed, ‘anchor’, days of the week. Some roles may require full onsite working. Please discuss the working pattern requirements for the role you are applying for with the hiring manager.

We continue to embed and review our hybrid working environment and remain in a phase of testing and learning. This means that working arrangements could change, with reasonable notice, to align with the needs of our business.

Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review Adjustments to the recruitment process.

We’re committed to providing an inclusive culture and environment, that 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.

Our approach to working flexibly is designed to support you to balance your life and to accommodate diverse needs, whilst still allowing us to meet our business needs. If you’d like to request a flexible working arrangement, please discuss this with your hiring manager.

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.
We 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.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.

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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.

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