Non-Traded Market Risk

Job description

About Barclays


Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.

With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 130,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide . Please visit our website here for more information.


Risk

Barclays Risk is mandated by the Barclays Board with the overall management and oversight of risk management practices group-wide. It operates right across the organisation, and right across the globe to protect Barclays' financial performance and reputation.

Our Risk professionals have advanced technical skills across a broad range of disciplines. They take the lead in addressing issues including the potential implications of an economic downturn or financial crime, and in advising Barclays' business leaders in making measured decisions. Through dedicated support services Risk teams make a real difference to Barclays' business clients by sanctioning loans and investments, and by helping to turnaround their fortunes when they are facing financial difficulties. We also provide peace of mind for Barclays' Retail customers by protecting their assets and investments, whilst also protecting the transactions of our Barclaycard customers wherever they are in the world.

Role Purpose

The purpose of Non-Traded Market Risk team is to support the customer banking book businesses in maintaining stable income from their balance sheet holdings. The income produced by these books may vary as market interest rates, FX rates, business strategy and the regulatory environment evolves.

The role holder will support the analysis and management of non traded market risk (NTMR) within BUK and BI. The role will be responsible for certain operational aspects of the NTMR function: such as conformance with the Group Risk Policies; conformance with the market risk limits; and operate the procedures to adhere to agreed market risk appetite.

Key Accountabilities

The role holder will role holder will principally be responsible for:

• Supporting the Identification, measurement and management of Interest rate risk in the Banking Book (IRRBB), FX risk and other market risks within BUK and BI.

• Reviewing new products in BUK and BI from a market risk perspective and will need to work closely with Business, Finance and Treasury to ensure that the market risks are hedged/managed appropriately.

• Support the review and challenge of Product and Structural hedging strategies proposed by Treasury.

• Support the review and challenge of the behavioural assumptions used for hedging market risks within BUK and BI.

• Ensuring compliance with Group Market Risk policies and standards in compliance with the Group ERMF.

• Support the developing and documentation of models related to NTMR measurement/quantification

• Producing regular and adhoc MI/analysis related to IRRBB, FX and other market risks.

• Support the production of regulatory MI related to IRRBB, FX and other market risks.

• Support the development of ALM risk management models (QRM) including further developments required to comply with new regulation (Basel standards such as BCBS 239 and d368, EBA, PRA guidelines).

Person Specification

The ideal candidate will be educated to Degree level in a quantitative subject or have previous relevant equivalent Business experience;

• Previous Non Traded Market (or other) Risk experience;

• Knowledge of the Retail Banking products;

• Understanding and ability to interpret individual risk measurements;

• Understanding of governance and control frameworks; and

• General knowledge of VaR, EaR, EVE and other market risk management tools and practices.

Risk and Control Objective

All Barclays colleagues have to 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

Benefits

Our customers deserve the best. The same goes for our employees. That's why at Barclays you'll receive a range of benefits that include a competitive salary and all the tools, technology and support you need to succeed.


Our Culture

Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. The values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our employees. Simply put, success is not just about what you achieve, but about how you achieve it.

Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.

Barclays is an equal opportunity employer and are opposed to discrimination on any grounds. For more detailed information, please visit our dedicated Diversity and Inclusion site here .