Risk Loss Forecasting and Impairment Oversight VP

Embark on a transformative journey with Barclays as a Risk Loss Forecasting and Impairment Oversight VP. In your role, you will be reviewing and challenging impairment models, validating assumptions and methodologies, and delivering quarterly recommendations to senior risk leadership. The role also involves partnering closely with the Director in managing both internal and external audit engagements, ensuring transparency, accountability, and rigorous adherence to governance frameworks.

To be successful as a Risk Loss Forecasting and Impairment Oversight VP, you should have experience with:

• Knowledge of impairment accounting roles for US CECL or IFRS9K

• Data pulling and data manipulations as well as presentation using skills like Python or SAS

• Ability to take technical concepts and explain it to non-technical individuals

Some other highly valued skills may include:

• Excellent written and verbal communication abilities

• Effective stakeholder management, including the ability to influence and assert ideas confidently

• Confident and effective in delivering presentations to diverse audiences

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking, digital and technology, as well as job-specific technical skills.

This role is located in the Wilmington, DE Office.

Purpose of the role

To oversee accurate and timely identification, measurement, and reporting of credit loss provisions for the bank's loan portfolio, in accordance with relevant accounting standards and contribute to the effective management of credit risk by providing insights and analysis to support informed decision-making.

Accountabilities

• Monitoring of the performance of loan portfolios and identify borrowers showing signs of financial stress or increased credit risk.
• Analysis of borrower financial information and creditworthiness indicators to assess the risk of default and determine the appropriate level of impairment.
• Development and implementation of credit risk models used for impairment estimation and portfolio analysis.
• Conducting stress testing and sensitivity analyses to assess the impact of economic and market changes on loan portfolios and impairment estimates.
• Development and implementation of early intervention strategies for at-risk borrowers, such as loan restructuring, renegotiation, or collection actions.

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 escalate breaches of policies/procedures..
• If managing a team, they 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.