AVP - Market Risk - BFS

Overall purpose of role

As a Team Lead for the CRIS team, the key expectation is to take responsibility for CRIS processes assigned which includes managing the daily operational process of validating the Time Series (TS) data feeding the risk engines, ensuring timely publication of VaR and other risk measures (SVaR, IRC, Back Testing, APR and CVA ). As a Lead, the expectation will be to work closely with a variety of stakeholders including front-line desk risk management.

Key Accountabilities

- Responsible for Leading and providing local oversight of CRIS production team ( Business Line / Functional Team) in Mumbai.

- Responsible for operational management of daily deliverables,

- Ensure any data quality gap is overcome by means of effective dialogue with internal and external team members.

- People Management for a team size of 10

- Ensure timely VaR sign-off ( Flash/Finals/ etc ) and other deliverables based on frequency

- Monitor, escalate any production gaps (people issues, system issues) to the management team or IT.

- To provide business requirements for any new development or fixes to the Market Risk Projects team or IT and to sign off test results.

- Subject matter expert on CRIS Market Data and VaR processes; responsible for training of new joiners in CRIS Mumbai Team,

Stakeholder Management and Leadership

- Liaise with the CRIS onshore teams, Risk Managers as well as with the relevant Change/IT teams for various key initiatives ( Tactical and Strategic Change, BAU escalations and Control tasks)

- Ability to deal with senior stake holders across different time zones ( CRIS Mumbai support Risk Managers in Asia and EMEA )

Decision-making and Problem Solving

- Analysis and problem-solving skills in delivering solutions that are required by Clients

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

Person Specification

- Bachelor's degree in an analytical area from a reputed Tier 1 institution is required. Candidate must have an analytical/quantitative bent of mind.

- Masters Degree in a quantitative discipline ( Financial Engineering, Financial-Math) is preferable

- Good knowledge of Risk, especially Market Risk concepts and methodologies

- Experience in building, managing, and improving processes.

- Prior experience in the Market Risk Reporting is preferable

- Deep knowledge of Risk Measures, sensitivity-computation methodologies would be an advantage.

- Proficient in the use of IT Systems; ability to quickly come up the curve on in-house systems.

- Proficient in programming languages - Excel VBA, SQL ( Preferred )

- Highly motivated, energetic individual with a strong process engineering and quality control focus.

- Comfortable liaising with the department's wide range of business partners that span globally,

- Strong problem-solving skills and attention to detail.

- Depth in People Management

- Excellent communication skills

- Team player and lead - willing to take on incremental responsibilities.

- Ability to cope with change and very tight deadlines

- Local SPOC to liaise with both Internal & External Audits to make sure that appropriate Controls are in place

- Ensure the Market Data / Risk measures function is compliant with all Regulatory requirements in terms of both timeliness as well as accuracy

- Ownership of the quality of the control checks on the processes

- Ownership of implementation of all proposed Risk Controls like the RCSA in a timely manner in the entire market data space

- Ensure complete adherence of the team to all internal Barclays Policies and Standards at all times