Risk Regulatory Oversight - VP CCR

Job Title: Risk Regulatory Oversight - VP CCR
Location: Mumbai

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 role sits within the Model Strategy and Regulatory Oversight team.  The purpose of the role is to ensure that the firm complies with all applicable regulatory requirements so that it can maintain its Counterparty Credit Risk IMM permission. The role also requires to ensure the firm complies with regulatory requirements for CVA capital calculation, for current rules and Basel IV. The role will support the oversight and governance of these requirements working with Risk colleagues to develop strong relationships with regulators and provide effective challenge over regulatory deliverables.  Activities include:  
•    Close and effective coordination with the Counterparty Credit Risk function and IMM Model Owner and other key stakeholders on Counterparty Credit Risk regulatory related workstreams and initiatives. 
•    Being a central point of expertise and advice on regulations; owning the interpretation of specific parts of the prudential rulebook 
•    Facilitating delivery of the regulatory book of work including model applications, responses and ad-hoc submissions. 
•    Facilitating horizon scanning, interpretation and implementation of emerging regulatory requirements including Basel IV requirements.  

What will you be doing?

•    Lead Counterparty Credit Risk and CVA regulatory projects and initiatives, managing delivery where applicable and advising on the regulatory implications
•    Manage and deliver both regular and ad-hoc regulatory deliverables related to permissions granted by UK, and European regulators. Ensure new regulatory requests and requirements are delivered to the appropriate standards of quality and timeliness.
•    Horizon scanning and interpretation of new and emerging regulatory requirements including Basel IV. Work closely with internal stakeholders to facilitate implementation of new regulations and responses to consultation papers.
•    Review model changes relating to our Counterparty Credit Risk IMM and Reg CVA model, co-ordinate model change submissions and communicate relevant details to management and regulators
•    Support Risk-led meetings with regulators through preparation of supporting materials, preparing staff for their meetings and ensuring notes and actions are recorded and tracked
•    Manage the annual self-assessments including review and challenge of compliance with regulatory requirements relating to Counterparty Risk and facilitating delivery of model initiatives 
•    Coordinate and review the management of regulatory issues relating to Counterparty Credit Risk including those identified by regulators and self-identified issues
•    Manage initiatives related to longer term delivery of projects linked to UK or European regulations, such as Basel IV.
•    Streamline and enhance current regulatory processes, including changes to relevant policies, standards and procedures.
•    Act as Subject Matter Expert to provide guidance to senior management on all matters related to the Counterparty Credit Risk IMM model permissions.
•    Providing verbal or written briefings to Senior Business, Regional and Infrastructure management on regulatory trends, issues and remediation. 

What we’re looking for:

•    Strong understanding of counterparty credit risk models and risk management, including related prudential regulations, e.g. knowledge of PRA regulated institution with Advanced counterparty credit risk model approval
•    Understanding of models and risk management of CVA, including related prudential regulations
•    Experience in interpreting regulatory requirements and ability to review and challenge associated regulatory processes
•    Strong numerical skills and ability to clearly articulate technical subjects within counterparty credit risk
•    Delivery focused - highly organised and proactive individual with strong attention to detail and ability to manage multiple complex projects and deliver within tight timeframes

Skills that will help you in the role:

•    Excellent written and verbal communication skills and ability to engage with internal and external stakeholders at multiple levels and work effectively both individually and as part of a team
•    Strong judgement and problem solving skills
•    Strong control mindset, with a good understanding of the importance of a robust governance and control structure, and what that means for an investment bank Counterparty Credit Risk function
•    Good software skills including proficiency in the use of MS applications and SharePoint

Where will you be working?
Mumbai


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.