This is a role within ALM Treasury Transaction Cycle, whose overall purpose is the management of Interest Rate Risk in the Banking Book. The role forms part of the ALM Insights team who provide insights and MI on the Banking Book Balance Sheet position and key risk and performance indicators.
What will you be doing
Risk Reporting and Analysis – c. 70%
- Support the business through reporting and analysis to ensure that hedging and balance sheet management actions align with risk appetite including:
- Producing balance sheet and hedging MI for committees using reports from the Banks IRRBB reporting solution;
- Producing risk exposures (Earnings at Risk (EaR), Economic Capital (EC), Economic Value of Equity (EVE) and Pillar 2a exposures for Committees and Management;
- Producing ALM inputs into the MTP, IST, and ICAAP processes,
- Producing ALM inputs into regulatory reporting (STDF, STE, ICAAP and FSA017);
- Ensuring all reporting and MI produced is completed with effective controls and checks to ensure its accuracy and completeness.
- Provides insights and MI on the Banking Book Balance Sheet positions and key risk and performance indicators including:
- Implementing monitoring tools to support active balance sheet management strategies;
- Assessing these strategies impact on risk metrics and internal capital assessments.
- Provide recommendations on how NII enhancement and/or alternative hedging strategies can be implemented taking in consideration internal limits and capital adequacy requirements;
- Develop a good understanding of the banking book balance sheet to ensure all Non-Traded Market Risk (NTMR) is identified, understood and measured appropriately;
- Pro-actively identify areas of improvement in current solutions and upcoming requirements;
- Review reporting to ensure that all methodology and data quality issues are tracked and path to resolution agreed;
Stakeholder management – c. 30%
- Build relationships with key stakeholders including colleagues across the ALM TTC and Non-Traded Market Risk Teams (NTMR), to ensure that stakeholder queries are dealt with efficiently and effectively;
- Deliver clear, transparent and effective communication in all forms to ensure that complex messages are easily interpreted and understood;
What we’re looking for
- Excellent numeric and analytical skills;
- Ability to work as part of a team and add value to the development of the ALM function;
- Strong working knowledge of Microsoft Excel (Pivot tables, vlookups, sumifs etc.);
- Strong presentation and communication skills;
- Knowledge of the products and services offered by banks including their inherent risks and how to mitigate them;
Skills that will help you in the role
- Numeric degree or professional qualification;
- Good understanding of Balance Sheet risk drivers in a bank and appropriate mitigation strategies;
- Previous working experience of using SQL and/or QRM;
- Understanding of risk metrics EVE, VaR and NII;
- Experience of financial products such as derivatives and structured products (including options), their pricing and their use in market risk management
Where will you be working
Be More at Barclays
At Barclays, each day is about being more – as a professional, and as a person. ‘Be More @ Barclays’ represents our core promise to all current and future employees. It’s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.
Interested and want to know more about Barclays Visit home.barclays/who-we-are/ for more details.
Our Values
Purpose and Values
We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.
Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.
Respect
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone’s contribution.
Integrity
We operate with honesty, transparency and fairness in all we do.
Service
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
Excellence
We champion innovation, and use our energy, expertise and resources to make a positive difference..
Stewardship
We prize sustainability, and are passionate about leaving things better than we found them.
Our Diversity
We aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals.
Our Benefits
Our customers are unique. The same goes for our colleagues. That’s why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our dynamic working options for colleagues. If you have a need for flexibility, then please discuss this with us
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