Market Risk Manager - Credit Products

Job Description

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.

Vice President Expectations

• 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.

As a Market Risk Manager overseeing the Credit business, you will have a lot of visibility to Senior Management in both Risk and Front Office. Expect to work closely with Senior Risk Managers from the Credit Fixed Income desks. There will be frequent collaboration with Traders and Bankers to help optimize the trading book and hedges against the banking portfolio. The role will cover both Corporate and Public Finance, where you will have the opportunity to be involved with the various Fixed Income markets.

To be successful as Market Risk Manager, you should have experience and have a deep understanding of:

• The daily risk, stress, VaR, ad-hoc analysis etc. to ensure timely and accurate market risk capture and risk reporting
• Monitoring of exposures and utilization against limits
• Reviewing VaR and non-VaR limits, developing and backtesting stress scenarios
• Creating, maintaining and improving of risk reports

Some other highly valued skills may include:

• Applied mathematical knowledge - ability to understand and employ quantitative or statistical analysis
• Technology proficiency in any of these languages: Python, SQL, VBA
• Ability to communicate clearly and concisely with traders and senior management

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 located in New York

Minimum Salary: $187,000

Maximum Salary: $208,500

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available.