DCEM Trade Risk and Portfolio Risk – VP recruitment
Department Overview
Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs over 23,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide.
For further information about Barclays Capital, please visit our website www.barclayscapital.com.
It is the policy of Barclays Capital 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. Credit Risk Management is responsible for financial risk management within the Barclays group for Barclays Capital clients.
Main Function
Derivatives Counterparty Exposure Management (DCEM) is responsible for risking exotic and structure trades and analyzing complex portfolios.
Main Duties
Main Duties:
· The candidate will form part of the Structured Products section of DCEM. This group is responsible for credit risking exotic and structured transactions for a multitude of short term and longer term derivative products (Interest Rate Derivatives, Equity Derivatives, Commodities, Structured Credit, Fixed Income, FX and FX Options) across developed and Emerging Markets.
· The group is also responsible as business user in providing expert guidance to credit officers and maintaining the integrity of the main risking systems (Eagle and CVAR).
· The primary focus will be on live risking, manual risk adjustment and CVAR testing.
· The person will work closely with the IT, senior management, front office and other infrastructure areas to work on numerous projects aimed at improving the credit risking infrastructure (i.e. not just working on one-off margining requests).
· Further responsibilities will include understanding and developing stress tests in CVAR.
· In addition, the candidate will work closely with other members of the structured team globally to ensure consistent methodology and approach, as well as working with the quantitative methodology team to ensure that methodology is appropriate. There is considerable interaction with sales personnel and dealers of many different nationalities often under considerable time pressure.
Team Structure: The AVP/VP reports directly to the US Head of Structured Product Exotic Risking. DCEM reports directly into the Co-Head for EMEA Region of Credit Risk Management.
Person Requirements
Basic Qualifications:
- Bachelors degree in Finance or Quantitative subject
- Must have prior experience related to understanding the risks in complex derivative transactions
- Prior experience with Financial modelling in a trading environment.
- 2+ years financial markets experience
Preferred Qualifications:
Education:
- Masters in mathematical finance, financial engineering, or equivalent.
Experience:
- Experience of hedge fund related transactions
- Experience in credit risk management or related IT development fields
- Prior experience in Market Risk
- Experience working directly with commercial traders and sales people
- Experience working with financial risk management and control systems
Skills Knowledge:
- Ability to think and make decisions under pressure and under short time-frames
- Very competent at communicating risk methodologies, system functionality, and policies/ procedures with commercial staff as well as with other departments
- Maturity and ability to execute a control function with commercial staff
- Capable of detecting inefficiencies and proposing solutions
- Strong Excel and VBA skills
Candidate Profile:
- Team player
- Strong leadership skills to motivate team members
- Strong influence and communication skills
- Ability to deal with time pressure and multiple tasks
- Proactive
- Ability to think broader issues associated with counterparty credit risk