Barclays Services Corp. seeks an Assistant Vice President, Risk for its Whippany, New Jersey location.
Duties: Perform counterparty credit analysis on derivatives, secured financing transactions, and cash products to ensure accurate, complete and timely representation for Investment Banking trading book exposure across Americas region. Use mechanisms for credit risk models for metrics including Potential Future exposures, market values, and settlement calculations. Liaise with Front Office, Credit risk executives, and Risk Methodology teams to manage portfolio level market and credit risk exposure calculations, monitoring, limit administration, and capital reporting. Utilize asset-control based knowledge of foreign exchange, repo style transactions, and other structured products to provide commentary and views on portfolio movements, valuation models and underlying trade-level data details. Identify and escalate material process gaps, data issues, and work with Legal, Infrastructure and other control teams to formulate and provide system solutions on reporting point adjustments. Create and maintain analytical tools using SQL, Qlikview, VBA, and Access databases to optimize trading book Regulatory Capital and Risk Weighted Assets for approved internal models. Present credit risk movements, limit breaches and weekly summary of notable changes in the covered industry to credit risk and senior managers. Create and deliver training modules to several stakeholders to cover knowledge gaps on trade credit analysis. Assist in the delivery of key changes to processes such as Dispensations, Audit, and regulatory requirements to ensure all standards are being followed and potential issues are being raised. Investigate credit and Sales inquiries, provide pre-deal risk analysis and execute key processes and reports during events such as credit crises.
Requirements: Bachelor's degree or foreign equivalent in Operations Research, Applied Mathematics, or a closely related quantitative field plus at least four (4) years of experience in position offered or in a related Risk Analyst role providing risk exposure calculations and monitoring for a global financial services firm. In the alternative, employer will also accept Master's degree in specified fields plus at least two (2) years of experience in stated occupations. Any suitable combination of education, training, or experience is acceptable. Two (2) years of experience must include performing market risk data aggregation and analysis; developing market risk analytical tools and implementing quantitative solutions using Business Intelligence tools; using and maintaining Excel/VBA tools for reporting VaR and risk metrics calculations across asset classes including foreign exchange, equities, and fixed income; and working with risk analytics, Management Information reporting, regulatory frameworks (regulatory capital and risk weighted assets), and Basel II.5, CCAR, and OCC regulatory requirements.
Barclays is an EEO/AA employer.