Credit Risk Analyst
Date live: May. 06, 2020
Reference Code: 00272811
Business Area: COO & Functions
Area of Expertise: Finance
Credit Risk Analyst
Barclays Bank Delaware
What will you be doing?
·Examine and analyze financial/accounting records/information and create detailed estimates of credit losses for US portfolio and provide summarized findings and insight to various levels of stakeholders and management to help drive business key accountabilities.
·Forecast credit losses at regular intervals using a variety of software and business insight.
·Provide regulatory reporting on International Financial Reporting Standard 9 (IFRS9) Impairment and Generally Accepted Accounting Principles (GAAP) and Allowance for Loan Loss and Liabilities (ALLL) provisioning.
·Conduct trend and variance analysis and communicate key drivers of performance of IFRS9 methodology for calculation of expected credit losses and actual losses on credit card and loan portfolio assets.
·Execute processes and build automation that drives the monthly IFRS9 Impairment and GAAP provisioning reporting and variance analysis.
·Examine and analyze information to document processes, procedures, governance and controls around the reporting for IFRS9 and GAAP.
·Drive implementation of Risk governance and control framework for Impairment and GAAP provisioning.
·Provide oversight of current Credit Risk state to ensure compliance with Group guidelines, policies, standards and frameworks and regulatory guidelines.
·Ensure internal regulatory data integrity and monitor the compliance with internal and external regulatory limits and thresholds.
·Coordinate Internal Audit and external regulatory comments and questions.
What we’re looking for:
Master’s degree or foreign equivalent in Accounting, Statistics, Mathematics, or closely related quantitative field and 3 years of experience in the position offered or as a Credit/Data/Financial/Risk Analyst, Regulatory Reporting, or closely related occupation in banking/financial services industry. In the alternative, employer will accept a Bachelor's degree in specified fields and five (5) years of progressive, post-bachelor's experience in a position specified above. Any suitable combination of education, training or experience is acceptable.
Demonstrated experience must include:
·Determining regulatory reporting requirements for financial products and transactions;
·Applying appropriate accounting treatment for U.S. Generally Accepted Accounting Principles (GAAP) and IFRS (Internal Financial Reporting Standards);
·Performing Credit Loss forecasting for both IFRS9 and GAAP reporting
·Knowledge of regulatory reporting requirements and differences between GAAP and regulatory reporting;
·Performing data analysis of big data for correctness and accuracy to ensure appropriate controls, checks and balances in the production of reported data and regulatory filings; and
·Working within internal controls-related regulation framework including SOX
Where will you be working?
Barclays' Wilmington campus includes two beautiful buildings located along the historic Wilmington Riverfront. A glance out our windows reveal a scenic look at the Christiana River, along with a growing riverfront community of luxury apartments, shops, and restaurants. Additionally, the Wilmington train station is a short walk away making travel from New York and Washington, DC convenient.
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.
Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. Our values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.
We aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals.
It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, 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.
Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.
customers are unique. The same goes for our colleagues. That's why at Barclays we
offer a range of benefits, allowing every colleague to choose the best options
for their personal circumstances. These include a competitive salary and
pension, health care and all the tools, technology and support to help you
become the very best you can be. We are proud of our dynamic working options
for colleagues. If you have a need for flexibility then please discuss this
This position is eligible for incentives pursuant to Barclays’ Employee Referral Program