Barclays AVP, Loss Forecasting in Wilmington, Delaware
Job Title:AVP, Loss Forecasting Location:Wilmington, DE
About Us// Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. Our goal is to become the bank of choice by providing superior services to customers and clients and supporting our stakeholders via a commercially successful business that generates long-term sustainable returns.
About Barclays in the US Barclays offers corporate and investment banking and credit card services in the US. Our 10,000 US colleagues are located in offices across the country, with headquarters in New York City. In 2017, Barclays announced plans to create a world-class campus in Whippany, New Jersey, for our Technology, Operations and Functional teams in the US. Other principal locations include Delaware, Nevada, Ohio and Maine.
About Impairment & Capital The Impairment & Capital teams are aligned to each portfolio and are responsible for producing analyses on loss reserves and capital, as well as carrying out forecasting, stress testing and risk appetite activities. Among the main tasks there is also the management of the monthly impairment and RWA calculation and reporting processes, following internal and regulatory policies and frameworks.
Overall purpose of role Create detailed estimates of credit losses for the US portfolio of Barclaycard and provide summarized findings and insight to various levels of stakeholders and management to help drive the business
Key Accountabilities · Forecast credit losses at regular intervals using a variety of software and business insight · Develop analytical tools and methods to expand forecasting base and increase level of accuracy · Assist with integrating business planning activities with stress testing exercises (DFAST, PRA, CCAR) as well as future regulatory enhancements (IFRS9) · Ensure analytics are accurate and error free while generating the necessary documentation to support audit and review
Essential Skills/Basic Qualifications: · 4 year degree in a quantitative discipline · 7 years of experience in banking that includes experience working on credit card portfolios specifically within a Risk capacity · 5 years of experience with Microsoft Excel and Power Point · 2 years of experience with SAS
Desirable skills/Preferred Qualifications: · Master’s degree in a quantitative discipline · Extensive experience in credit card banking particularly with competencies in collections, new account underwriting and loss forecasting · Experience with loss forecasting software such as Look Ahead or a SAS based equivalent · Familiarity with BASEL influenced regulatory measures specific to GAAP and IFRS accounting principles such as IFRS9, CCAR, DFAST and PRA
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.
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Barclays Values & Diversity Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager. We are an equal opportunity employer and we are opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, 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.
Title: AVP, Loss Forecasting
Requisition ID: *90179271