WCR Stress Testing

Purpose of the role

To assess the capital requirements of the bank's credit portfolio under various economic and risk scenarios and design and execute stress testing exercises to measure the potential impact of adverse events on the bank's credit losses, risk-weighted assets, and capital adequacy

Accountabilities

• Development and maintenance of stress testing models and methodologies for different credit portfolio segments.
• Designing and execution of stress testing scenarios incorporating diverse macroeconomic factors, industry trends, and portfolio-specific risks.
• Analysis of the efficiency of capital allocation across different business lines and products.
• Analysis and interpretation of stress test results, including forecasting expected credit losses, risk-weighted assets, and capital needs.
• Management, and analysis of large datasets relevant to credit risk and stress testing.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department's future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others..
• OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• 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.

Step into the role of WCR Stress Testing – VP. You will be supporting the team to run the overall stress testing framework working closely with all the risk pillars across Credit, Counterparty Credit, Market risk and Treasury. You will be driving, engaging and deliver strategic, individual, and operational business objectives/targets. You will be managing the country stress expected loss limits and breaches with analysis and monitoring of various underlying factors. Ensure target achievement adhering to Service Level Agreements. You will be coordinate with CoREs and other Risk colleagues as necessary with respect to providing relevant information related to Country Risk.

Key skills required for this role include:

• Strong track record in risk management with a leading Corporate and/or Investment Bank.
• Strong verbal & written communications and power point skills.
• Experience in the Stress testing role, also preferable has working knowledge of key accountable areas.
• Strong understanding of Credit/Market Risk management and various products in Banking book, Trading book and various Risk measurement and metrics.
• Highly analytical mind with attention to detail.
• Strong organisational and multitasking ability.
• Ability to work accurately and efficiently in a time pressured environment.

Some other highly valued skills may include:

• CA or Masters Degree.
• Related post graduate study (e.g. FRM, CFA, CQF).
• SQL, VBA, Python.
• Knowledge of regulatory rules across multiple regimes.

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.

This role is based in our Mumbai office.