Salary / Rate Minimum: $200,000
Salary / Rate Maximum: $280,000
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.
The Credit Risk Review Group (CRRG) is a 2nd Line of Defence assurance function that provides ongoing review and monitoring of the quality and condition of the loan and derivative portfolios for all wholesale risk in the Barclays Group by reviewing individual exposures and the overall credit sanctioning process. CRRG has a Board-level mandate and is directly accountable to various Boards of Directors via regular reporting and escalation.
The function is independent of credit risk approval services and of Business CROs across Barclays Group.
CRRG’s primary responsibility is reviewing the overall credit sanctioning process by performance of the following:
- Validating (and – where needed – overriding) the assigned internal grades through a sampling of borrowers and counterparties and loan and derivative facilities across various credit risk concentrations;
- Validating the credit origination, evaluation and approval, including credit terms;
- Testing conformance to relevant credit policies and standards, including risk appetite, as they pertain to credit approvals including monitoring for credit deterioration; and,
- Reporting and escalation of findings to key stakeholders, including Board Risk Committees and other recipients of necessary information; and causing and tracking corrective actions to completion;
- Serving – as needed and appropriate – in an advisory and partnership capacity to the 2nd Line of Defense.
Key Accountabilities
- Review and sign off credit analysis performed (and credit judgement exercised) by more junior team members; you will also undertake end-to-end (i.e. independently, without junior contributors) reviews of individual exposures / obligors when necessary.
- Present analysis & influence senior management and peers with independent and contrasting views.
- Lead and own the completion of credit reviews / projects as assigned within the CRRG Annual Plan or on an ad hoc basis, including design of credit analytical methodologies, scoping, sampling, review templates, processes, etc.
- Support the Head of CRRG in the annual plan development and resource allocation.
- Work with the Head of CRRG and co-Directors within the team in writing and updating the credit review baseline methodologies.
- Support reviews outside of corporate credit, e.g. FI (Banks, NBFI), counterparty credit risk, structured finance and others.
- Interface with various Regulators as needed.
- Manage the continuous monitoring program with regard to various assigned portfolios.
- Manage on-going stakeholder relationships with Risk Approval Units and also Senior Management as necessary.
- Produce commentary for presentations going to Senior Management and governance committees, including at Board level.
- Lead training and coaching of the team with regard to corporate credit and, specifically, leveraged lending, including technical aspects of credit analysis as well as relevant Barclays internal systems and processes.
- Contribute to the management of personal development of junior team members, including as a line manager.
Essential Skills Required
- Proven experience of financial services in investment or corporate banking, or the rating agencies.
- Strong experience as a senior credit officer (i.e. a credit officer with senior level individual approval authority), loan underwriter, credit risk or loan reviewer, or credit audit within a large financial institution.
- Proven experience in people management, project leadership or consulting.
Desirable Skills/Preferred Qualifications
- Strong in-depth technical expertise in corporate credit analysis;
- Strong organizational skills and the ability to manage multiple assignments concurrently;
- Professional qualification, undergraduate or graduate degree in finance or a risk related discipline;
- Confident communicator, particularly in delivering challenging messages to senior management and colleagues;
- Expertise in three or more industry sectors such as Technology / Media / Telecommunications, Industrials, Natural Resources, etc.
- Familiarity with the Barclays Corporate and Investment Banking credit processes;
- Familiarity with wholesale loan underwriting standards, particularly leverage finance across Barclays;
- Familiarity with the syndication market for corporate loans in the US and Europe, including investment grade and high yield;
- Familiarity with loan and counterparty agreements and documentation;
- Familiarity with credit risk and capital models including those used for Default Grade generation, LGDs, EADs and RWAs;
- Familiarity with FI (Banks and NBFIs) credit analysis, and Counterparty Credit Risk.
- CPA/CA, CFA, FRM, other broadly recognized certifications or a credit training program from a large financial institution.
Purpose of the role
To support the Risk Function in delivering it’s objective of safeguarding the bank's financial and operational stability by proactively identifying, assessing, mitigating, and monitoring risks across various business units and activities.
Accountabilities
- Development of strategic direction for risk, including the implementation of up-to-date methodologies and processes.
- Management of the risk department, including oversight of risk colleagues and their performance, implementation of risk priorities and objectives, oversight of department efficiency and effectiveness.
- Relationship management of risk stakeholders, including identifying relevant stakeholders, and maintenance of the quality of external third-party services.
- Adherence to the Risk policy, standards and frameworks, and maintaining a robust control environment.
Director Expectations
- To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business wide..
- They manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business. Or for an individual contributor, they lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
- Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
- Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
- Escalates breaches of policies / procedure appropriately.
- Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
- Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
- Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
- Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
- Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
- Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
- Negotiate with and influence stakeholders at a senior level both internally and externally.
- Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
- Mandated as a spokesperson for the function and business division.
All Senior Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
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.
