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Company Name : Barclays
Location : Chennai, Tamil Nadu
Position : AVP – ALM – Insights
Job Description : Job Title: AVP – ALM – Insights
Location: Chennai
About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.
Risk and Control Objective
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.
Working Flexibly
We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.
If you would like some flexibility then please discuss this with the hiring manager.
Introduction:
This is a role within ALM Treasury Transaction Cycle (‘TTC’), whose overall purpose is the management of Interest Rate Risk in the Banking Book. The role forms part of the ALM Insights team who provide insights and Management Information (‘MI’) on the Banking Book Balance Sheet position and key risk and performance indicators.
What will you be doing?
IRRBB Stress Testing Reporting – c. 70%
Develop and operate a IRRBB Stress Testing Framework enabling the understanding of key IRRBB risks to ensure to ensure that hedging and balance sheet management actions align with risk appetite including:
i. Developing stress scenarios for approval by stakeholders and working with Model Developers to implement in the firms IRRBB models;
ii. Producing stress testing MI for committees using reports from the Banks IRRBB reporting solution including:
a. Producing risk exposures – Earnings at Risk (EaR), Economic Capital (EC), Economic Value of Equity (EVE) and Pillar 2a exposures;
iii. Ensuring all reporting and MI produced is completed with effective controls and checks to ensure its accuracy and completeness.
Provides insights and MI on the Banking Book Balance Sheet positions and key risk and performance indicators including:
Implementing monitoring tools to support active balance sheet management strategies;
Assessing these strategies impact on risk metrics and internal capital assessments.
Provide recommendations on how NII enhancement and/or alternative hedging strategies can be implemented based on stress test reports taking in consideration internal limits and capital adequacy requirements;
Develop a good understanding of the banking book balance sheet to ensure all Non-Traded Market Risk (NTMR) is identified, understood and measured appropriately;
Pro-actively identify areas of improvement in current solutions and upcoming requirements;
Review reporting to ensure that all methodology and data quality issues are tracked and path to resolution agreed;
Stakeholder Management – c. 30%
Build relationships with key stakeholders including colleagues across the ALM TTC and Non-Traded Market Risk Teams (NTMR), to ensure that stakeholder queries are dealt with efficiently and effectively;
Deliver clear, transparent and effective communication in all forms to ensure that complex messages are easily interpreted and understood;
What we’re looking for:
Excellent numeric and analytical skills;
Ability to work as part of a team and add value to the development of the ALM function;
Excellent understanding of the QRM modelling tool;
Strong working knowledge of Microsoft Excel (Pivot tables, vlookups, sumifs etc.);
Strong presentation and communication skills;
Knowledge of the products and services offered by banks including their inherent risks and how to mitigate them.
Skills that will help you in the role:
Numeric degree or professional qualification;
Good understanding of Balance Sheet risk drivers in a bank and appropriate mitigation strategies;
Previous working experience of using SQL and/or QRM;
Understanding of risk metrics EVE, VaR and NII;
Experience of financial products such as derivatives and structured products (including options), their pricing and their use in market risk management.
Where will you be working?
Chennai
Be More at Barclays
At Barclays, each day is about being more – as a professional, and as a person. ‘Be More @ Barclays’ represents our core promise to all current and future employees. It’s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.
Purpose, Values and Mindset
We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.
Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.
Respect
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone’s contribution.
Integrity
We operate with honesty, transparency and fairness in all we do.
Service
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
Excellence
We champion innovation, and use our energy, expertise and resources to make a positive difference.
Stewardship
We prize sustainability, and are passionate about leaving things better than we found them.
Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.
Empower
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
Challenge
Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.
Drive
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.
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