Risk Regulatory Oversight - VP

Job Title: Risk Regulatory Oversight - VP
Location: Pune

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 Credit Risk part of the Model Strategy & Regulatory Oversight (MSRO) team.  The purpose of the role is to support the MSRO team in ensuring we comply with existing and upcoming prudential regulatory requirements, in particular in relation to our IRB (Internal Rating Based) permissions from the PRA and other regulators.   The role holder will be responsible for assessment and advocacy in relation to upcoming Basel IV requirements, working with Risk regulatory SMEs and Risk stakeholders in BUK and Barclays International (including Barclays Europe and BCUS).   Activities of the team include:
1.    Close and effective coordination with credit risk managers, QA, Model Owners and other key stakeholders on Basel IV and associated risk regulatory related workstreams and initiatives
2.    Support SMEs within the MSRO team in providing expertise and advice on upcoming Basel IV Regulations; supporting the ownership of the interpretation of specific parts of the Prudential Rulebook
3.    Facilitating delivery of the regulatory book of work, including model applications, responding to regulatory queries, ad-hoc submissions and review and challenge of regulatory compliance as part of annual and periodic attestations 
4.    Facilitating horizon scanning, interpretation and offering guidance to implementation teams on emerging regulatory requirements, including IRB Repair and Basel IV

What will you be doing?

•    Support the regulatory self-assessment process and ensuring that the assessment of compliance is fully documented and governance requirements are adhered to
•    Horizon scanning and interpretation of new and emerging regulatory requirements. Work closely with internal stakeholders to facilitate implementation of new regulations and responses to consultation papers.
•    Manage and deliver both regular and ad-hoc regulatory deliverables, including those related to our model permissions. Ensure requests are subject to requisite review and submitted in a timely manner.
•    Review model and rating system changes related to credit risk, co-ordinate regulatory submissions arising from these changes and communicate details with management and regulators.   
•    Support Risk-led meetings with regulators through preparation of supporting meeting materials, and ensuring notes and actions are recorded and tracked.
•    Assessment of our compliance with regulatory permissions; in particular, our Internal Ratings Based (IRB) permissions for Credit Risk through coordination of and review and challenge of the annual Capital Requirements Regulation (CRR) Attestation and similar exercises.
•    Coordination and review and challenge of regular and ad-hoc regulatory submissions;
•    Support maintenance of the central Permissions Library, ensuring that communications and correspondence from regulators are updated in the Library.
•    Track the management of regulatory issues relating to Credit Risk including those identified by regulators and self-identified issues
•    Contribute to regulatory processes, including changes to relevant policies, standards and procedures.
•    At as a Subject Matter Expert to provide guidance to risk colleagues and other stakeholders on matters related to Basel IV and our IRB Credit Risk permissions.  
•    Streamline and enhance current regulatory processes, including changes to relevant policies, standards and procedures.
•    Support team leads in communicating updates to senior Risk colleagues and management on regulatory themes, issues and feedback.

What we’re looking for:

•    Experience in interpreting regulatory requirements and ability to review and challenge associated regulatory processes. 
•    Excellent written and verbal communication skills and ability to engage with internal and external stakeholders at multiple levels
•    Ability to summarise and present information in succinct formats for presentation to senior management and other stakeholders.
•    Delivery focused - highly organised individual with strong attention to detail and ability to manage multiple tasks and deliver within tight timeframes
•    Strong control mindset, with a good understanding of the importance of a robust governance and control
•    Ability to work effectively as an individual and as part of a wider team 
•    Masters / Professional qualification such as MBA / CA / CFA or equivalent.
•    Good commercial experience within Credit Risk (7+ years), preferrable in an international banking environment.

Skills that will help you in the role:

•    Understanding of prudential regulations related to Credit Risk i.e., understanding of IRB model permissions.
•    Strong understanding of credit risk and experience in related fields such as credit risk management, credit risk models and credit risk reporting.
•    Strong numerical skills and ability to clearly write and articulate complex subject matter
•    Strong software skills including proficiency in the use of MS applications and SharePoint.

Where will you be working?
Pune



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.