Job Description
Purpose of the role
To assess, monitor, and manage the potential for financial loss due to the default of a bank's trading partners.
Accountabilities
1. Monitoring the bank's exposure to each counterparty across different product lines and asset classes.
2. Analysis of the financial condition and creditworthiness of the bank's counterparties, including corporations, financial institutions, and sovereign entities.
3. Development and implementation of credit scoring models to quantify counterparty risk.
4. Conducting stress testing to assess the impact of potential counterparty defaults on the bank's capital and liquidity.
5. Negotiation and management of collateral agreements with counterparties to mitigate potential losses in case of default.
Analyst Expectations
1. Will have an impact on the work of related teams within the area.
2. Partner with other functions and business areas.
3. Takes responsibility for end results of a team's operational processing and activities.
4. Escalate breaches of policies/procedures appropriately.
5. Take responsibility for embedding new policies/procedures adopted due to risk mitigation.
6. Advise and influence decision making within own area of expertise.
7. Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
8. Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
9. Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
10. Make evaluative judgements based on the analysis of factual information, paying attention to detail.
11. Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
12. Guide and persuade team members and communicate complex/sensitive information.
13. Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.
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.
In this role, you will support the Front Office during trading hours to obtain trade clearance across a wide product base, including all Derivatives (Interest Rate, FX, and Equities) and Securities Financing Transactions. You will maintain all Electronic Platforms (Reuters/EBS) and understand their mechanics. Daily interactions with Credit Sanctioners and the Front Office will be essential, as will your pivotal role in managing Credit Crisis alerts. You will handle regular and ad hoc report requests, engage in project work and systems testing, and understand the risks arising from different products and the methodologies used by the systems to calculate risk numbers. This high-pressure role requires sensitivity to market volatility and the ability to manage the Hotline function effectively.
To be successful as a Counterparty Credit Risk Analyst you should have experience with:
1. Knowledge of wide range of financial products, including all derivatives (Interest Rate, FX, Equity and Commodity), exchange trading, Securities Financing Transactions.
2. The right candidate will be motivated and individually focused while at the same time patient and collaborative.
3. Flexible, excellent communicator, be able to build wide and networks with key stakeholders and beyond.
4. General understanding of credit risk concepts and bond markets.
5. The successful candidate should be available to work an alternating shift pattern from 7:30 am to 4:30 pm and 9:00 am to 6:00 pm. Early starts are required.
You will 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 Glasgow.
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