Stress Testing Manager - Counterparty Credit & Traded Market Risk
Barclays Bank Plc, City of Westminster
Stress Testing Manager - Counterparty Credit & Traded Market Risk
Salary not available. View on company website.
Barclays Bank Plc, City of Westminster
- Full time
- Permanent
- Onsite working
Posted today, 31 Aug | Get your application in now to be one of the first to apply.
Closing date: Closing date not specified
Job ref: 39925bf87110437c8f6df2a05db5f570
Location ref: City of Westminster
Full Job Description
As a Stress Testing Manager within Counterparty Credit and Traded Market Risk, you will design and implement stress testing frameworks to assess the impact of market shocks on counterparty credit and traded market risk. You'll review existing processes, identify gaps, and drive improvements by rewriting workflows and embedding changes into business-as-usual operations. Your work will support high-profile regulatory programmes, including the US Global Market Shock (GMS), through the preparation of key reports, data reconciliation, and variance analysis. You will collaborate with teams across Risk, Finance, and Technology to support change initiatives and lead UAT for new platforms, ensuring systems meet business needs. Your role will involve managing large data sets, automating reporting, and solving problems with a proactive, delivery-focused mindset. To be successful as a Stress Testing Manager you should have experience with:
- Demonstrated ability to manage and analyse large data sets, with a focus on maintaining critical reports and ensuring data accuracy across key risk domains.
- Proven track record of supporting and embedding change programmes into business-as-usual operations, including the resolution of major issues.
- Considerable understanding of counterparty credit risk, wholesale risk, or traded market risk, combined with a results-driven mindset and commitment to delivering high standards. Some other highly valued skills may include:
- Experience using VBA, Python, or SQL to automate processes, enhance reporting efficiency, and support data analysis.
- Familiarity with risk-related data domains, including maintaining and improving the accuracy of critical reports., To develop and implement, and execute robust stress testing frameworks, methodologies and processes to assess the bank's capital adequacy under external or internal macroeconomic/financial stress scenarios., Development and implementation of stress testing methodologies aligned with regulatory and MRM requirements and best practices.
- Identification and development of relevant risk scenarios reflecting potential economic, market, geopolitical and non-financial (i.e. operational, compliance) threats, subject to role scenario design specialist.
- Application of stress testing models to assess the impact of scenarios on the bank's capital, net earnings, and liquidity.
- Analysis and interpretation of stress testing results.
- Delivery and management of Risk Identification for applicable regions through local governance.
- Execution and management of end-to-end delivery of regulatory reporting processes for regions.
- Delivery and management of risk appetite for local regions. Vice President Expectations
- To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/processes; deliver continuous improvements and elevate breaches of policies/procedures.
- If managing a team, define jobs and responsibilities, planning for the department's future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long-term goals and ensuring that budgets and schedules meet corporate requirements.
- If the position has leadership responsibilities, People 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.
- OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long-term profits, organisational risks and strategic decisions.
- Advise key stakeholders, including functional leadership teams and senior management on functional and cross-functional areas of impact and alignment.
- Manage and mitigate risks through assessment, in support of the control and governance agenda.
- Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
- Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
- Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
- Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
- Adopt and include the outcomes of extensive research in problem solving processes.
- Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes. 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.
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