Join us as a Market Risk Specialist - AVP within the MRPM Backtesting team, where you will play a key role in investigating, managing Backtesting. In this role, you will work closely with stakeholders across PCG, Market Risk Managemement, RegLiason team, Quants.
You will combine strong technical skills with regulatory and legal entity awareness to support effective risk and capital management while collaborating across teams to deliver accurate and timely risk reporting.
To be successful as a Market Risk Specialist - AVP, you should have:
- Solid understanding of Products such as IRS, Sov Bonds, XCCY Swap, CDS, CDX, Equity and Options and risk associated with them along with broad Macroeconomic parameters impacting risk management.
- Understanding legal entity implication when it comes to managing risk for different legal entities. This role might have significant involvement of coordinating with stakeholders so it would be good to have understanding how different regulators and LE might impact Risk and Capital.
- Holistic knowledge of Market Risk management, VaR/SVaR, Stresses and bespoke risk specific scenario analysis.
- Technical knowledge SQL/VBA/Python.
Some Other Highly Values Skills May Include
- Ability to co-ordinate with multiple teams so that Risk/ VaR and P&L drivers so that the reports could be published on timely basis.
- Academics / Education - postgraduate or similar degree with good understating of Financial Markets and associated instruments.
- Self-motivated, takes ownership of responsibilities assigned to him/her.
- Excellent communication skills.
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, as well as job-specific technical skills.
The location of the role is Mumbai/ Pune.
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.
Assistant Vice President Expectations
- To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
- Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
- 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 lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
- Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
- Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
- Take ownership for managing risk and strengthening controls in relation to the work done.
- Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
- Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
- Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
- Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
- Influence or convince stakeholders 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.