Market Risk FRTB

Mumbai, India; Pune, India

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Date live: Sep. 26, 2024

Business Area: Risk

Area of Expertise: Risk and Quantitative Analytics

Reference Code: JR-0000007645

Contract: Specialist

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At Barclays, we don’t just anticipate the future – we’re creating it. Step into the role of a Market Risk FRTB – VP and shape the future of our market risk team function by managing the lifecycle of Traded Market Risk models and participating in strategic Market Risk initiatives, especially those related to the Fundamental Review of the Trading Book (FRTB). Your key responsibilities include collaborating with stakeholders to oversee the inventory of quantitative models, aiding in the development of FRTB, addressing model weaknesses, conducting user acceptance testing, and creating control processes and reporting tools to support risk functions and model monitoring. Additionally, the role involves supporting model applications through both internal and external governance processes.

To be successful as a Market Risk (FRTB) - VP, you should have experience with:

Bachelor’s degree with relevant exp. or master’s degree in a quantitative discipline such as Finance, Maths, Statistics, Sciences, Engineering or Economics or substantial directly related experience.
Significant experience in financial markets (market risk, counterparty credit risk, product control, quantitative analytics, model validation).
Strong written and verbal communication skills.
Strong analytical skills; comfortable handling large data sets in MS Excel

Some of Highly Valued Skills may include:

Advanced knowledge of Market Risk management concepts and techniques
Experience with pricing and market risk models, preferably in a model development, model life cycle or model validation role.
In-depth understanding of Basel 2.5/3 and FRTB rules.
Experience with Python would be beneficial but not essential.

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 or Pune, IN.

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 set the risk appetite setting for the Trading portfolio and active calibration & monitoring of limits

Accountabilities

Collection and analysis of market data from various sources and ensuring risk is correctly captured, modelled and capitalised.
Escalation of critical risk issues or breaches to Traders and senior Risk Management Leadership teams for timely action, as may be required.
Review and provision of feedback on market risk models including change governance.
Internal, Regulatory and Scenario stress testing for the Trading portfolio, as required.
Steer and execution projects of market risk wide-significance e.g. FRTB, One Risk, as required.

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.

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.

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