What are the responsibilities and job description for the Director Capital position at Barclays Bank US?
Job Title: Director Capital
Location: Wilmington
What Will You Be Doing
Be responsible for implementing and maintaining a strong control Capital (RWA) framework within USCB with effective quality assurance to ensure robust governance of decisions and full compliance of Risk activities to regulatory and Internal guidelines. Maintain effective relationships with the Group Risk teams and auditors. Provide oversight of USCB 1LOD teams.
Manage a direct team of 4 FTE and leverage indirect risk team of around 20-30 FTE in shared services. Lead the team in an inspiring and effective way and ensure they fully embrace Barclays values and are supporting the business in meeting its strategic ambitions in the right way.
Build and maintain strong working relationships with QA, IVU, RFT, MSO, GCR, RIS, Treasury, and 1LOD team in order to interpret regulatory expectations are met, while delivering accurate outcomes reflective of business performance and growth.
Act as industry expert/subject matter expert with respect to Capital risk management, AIRB models specifically and be held responsible for building most effective relationships with internal and external boards and regulators. Active member of USCB Sales and Business Development efforts within USCB on Capital (Credit RWA) providing expert advice and guidance on prospective risks, mitigation options and assets valuation.
Stakeholder Management and Leadership
Location: Wilmington
What Will You Be Doing
- Own AIRB rating system for USCB from a strategic design, development and execution.
- Ensure regulatory expectations are met with Satisfactory rating.
- Understanding of Group Risk and business goals to deliver model outcomes with precision.
- Coordinate model design requirements, build and testing with QA, MSO and other team in Bank.
- Fulfill responsibilities of Model Owner for AIRB models. Ensure Model Risk management standards are understood, and delivered timely – Model monitoring, remediation plan, and supporting analysis.
- Lead Implementation efforts of AIRB framework in USCB. Coordinate with Program office, RFT, GCR, RIS teams in Bank to ensure delivery with Controls.
- Work with Capital disclosure team to ensure USCB materials are prepared in a timely and accurate manner.
- Prepare and communicate to CRO on a monthly basis RWA movements, partner level, and the driver level explains when compared to actuals and forecast.
- Engage benchmark activities in Bank related to Basel 3.0 and Basel 3.1 Capital frameworks from UK and US regulatory perspective.
- Oversee RWA outlook (short term and long term) generated by business, and New deals/ renewal assumptions.
- Partner with 2LOD credit strategy team to ensure Capital and Impairment is optimized in Credit lifecycle management.
- Manage Risk delivery and communication of all Internal Capital assessments with Group Treasury.
- Act as lead for all Audit activities (Internal and regulatory exams), and conformance related to Capital (RWA).
- Act as Owner or delegate in existing governance forums and Working group, for example Portfolio Management, IRB, Basel 3.1, Barclays International Initiatives.
Be responsible for implementing and maintaining a strong control Capital (RWA) framework within USCB with effective quality assurance to ensure robust governance of decisions and full compliance of Risk activities to regulatory and Internal guidelines. Maintain effective relationships with the Group Risk teams and auditors. Provide oversight of USCB 1LOD teams.
Manage a direct team of 4 FTE and leverage indirect risk team of around 20-30 FTE in shared services. Lead the team in an inspiring and effective way and ensure they fully embrace Barclays values and are supporting the business in meeting its strategic ambitions in the right way.
Build and maintain strong working relationships with QA, IVU, RFT, MSO, GCR, RIS, Treasury, and 1LOD team in order to interpret regulatory expectations are met, while delivering accurate outcomes reflective of business performance and growth.
Act as industry expert/subject matter expert with respect to Capital risk management, AIRB models specifically and be held responsible for building most effective relationships with internal and external boards and regulators. Active member of USCB Sales and Business Development efforts within USCB on Capital (Credit RWA) providing expert advice and guidance on prospective risks, mitigation options and assets valuation.
Stakeholder Management and Leadership
- Builds Self Insight: Creates an open culture where understanding own drivers, strengths and development areas is actively encouraged and valued. Supports a culture where the development of people skills is given the same priority as technical skills
- Developing Others: Sets challenging objectives for personal, team and functional improvement and holds others to account in delivering these. Takes the lead in driving succession planning, ensuring the organisation retains and develops the key talent needed for the future
- Enabling High Performance: Sets the standards of and assumes accountability for performance required to achieve the organisation’s future goals and priorities. Enables leaders to take calculated risks by delegating trust and responsibility to deliver success in their area
- Building Relationships: Creates and maintains a culture in which trust and mutual respect are valued, challenging people and systems that do not support this. Uses complex influencing strategies and conveys a strong vision to achieve results and obtain buy-in across the organisation
- Working Collaboratively: Builds a culture where involvement and sharing are seen as essential for the achievement of shared objectives and agendas. Sets a clear agenda where business areas and functions understand their contribution to the future success of the organisation
- Defining and Executing Change: Acts as a catalyst for change and inspires confidence in stakeholders with the quality and conviction of their vision, building support and sponsorship at all levels and ensures the need for change is embedded in across the organisation
- Driving Continuous Improvement and Innovation: Shapes and drives a culture of review and improvement across the organisation. Strives to continually improve business processes that impact positively on the business and uphold the values
- Building an Effective Control Environment: Champions a culture where all colleagues understand and follow the framework within which the bank follows risk and takes accountability for ensuring this. Takes personal accountability for ensuring that processes, risks and controls are applied in way that achieves a good outcome for the bank and its customers/clients
- Strong knowledge and experience Risk model development and usage, preferably with previous experience in Decision Science or Modelling
- Proven expertise in management of high impact processes with Internal and external stakeholders
- Deep knowledge of regulatory Capital framework - US and UK
- Strong knowledge and experience in multiple areas of the credit cycle relative to the function of Risk Management (including analytical, statistical and technological tools)
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