Credit Risk – Basel II/III Reporting Analyst recruitment
Department Overview
Barclays moves, lends, invests and protects money for customers and clients worldwide. With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people.
We provide large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Our clients also benefit from access to the breadth of expertise across Barclays. We're one of the largest financial services providers in the world, and are also engaged in retail banking, credit cards, corporate banking, and wealth and investment management.
For further information about Barclays, please visit our website www.barclays.com.
It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.
Main Function
Within Credit Risk, the Capital Reporting team is responsible for providing commentary and analysis for counterparty RWA movements for the Bank's trading book exposure. The team is involved in data clean up, analysis and resolution of data integrity/upstream booking or data issues that lead to in accurate RWAs reported. The team liaises with a wide variety of areas in the bank and assists with investigations of other exceptions related to trade processing, collateral and netting issues. Due to ongoing Capital constraints, RWAs continue to be a focus for the firm and therefore there is a need to have additional dedicated resources in New York to assist in reporting tasks as well as field questions from Front Office and other Infrastructure areas on RWA related queries. With Barclays moving into a Basel III frame work, the additional resources will assist in the implementation efforts such as parallel reporting of BII/BIII methodology, i.e. expected exposure/stressed EE for CVA calculations.
Main Duties
The candidate will assist with the reporting and analysis of BII RWAs for the Trading Book as well as BIII initiatives for 2012. They will be regionally focused on BII RWAs generated in BCI or by specific US relationships. Main duties will include: ·
- Coordination of BII specific adjustments originating in the US to include: Monolines, Munis, CVaR Counterparties
- SFT BCI names for Fixed Income and Equity business
- Inter-company exposures and Treasury Concessions
The candidate will be expected to provide commentary on counterparty RWA movements and the main drivers behind the moves to Senior Management and externally to Regulators as necessary. The candidate will also be involved in data clean up, analysis and resolution of data integrity/upstream booking or data issues that lead to inaccurate RWAs being reported. They will liaise with a wide variety of areas in the bank and assist with the investigation of other exceptions related to trade processing, collateral and netting issues. The candidate will provide input into the Risk NPSO process to ensure the calculation of Trading Book RWAs is considered when signing off a new product. The candidate will be required to respond to various ad-hoc requests as they come into the Capital Reporting team and may take on other responsibilities as dictated by business need. The candidate will also assist in the implementation of the BIII framework due first quarter 2013. *LI
Person Requirements
Basic Requirements:
- Four-year college degree
- 5+ years of experience in financial markets
- 2+ years of experience in each of the following: the economics of Traded Derivative products; working directly with commercial traders and sales people; working with financial risk management and control systems; regulatory reporting.
Preferred Requirements:
- Graduate degree in a business related subject
- Credit Risk Experience
- Basel II knowledge
- BII Trading Book RWA methodology
- Ability to work independently with minimum supervision under own initiative
- Strong communicator
- Team player