Scenario Expansion Data & Research
Barclays
London, UK
7d ago

About Barclays

Barclaysis a transatlantic consumer, corporate and investment bank offering productsand services across personal, corporate and investment banking, credit cardsand wealth management, with a strong presence in our two home markets of the UKand the US.

Our goal is to become the bank of choice by providing superiorservices to customers and clients and supporting our stakeholders via acommercially successful business that generates long-

term sustainable returns.

Ourtwo clearly defined divisions, Barclays UK and Barclays International, providediversification by business line, geography and customer, enhancing financialresilience and helping to contribute to the delivery of consistent returnsthrough the business cycle.

We have a strong core business with excitingprospects, well positioned to deliver long-term value for our shareholders.

Consistentwith the objective of delivering long-term sustainable value for all ourstakeholders, we have developed our Shared Growth Ambition our approach tocitizenship and the sustainability of the business model we operate.

The aim isto make decisions and do business that provides our clients and customers, andthe communities which we serve, with access to a prosperous future.

Thedelivery of our strategy is underpinned by the energy, commitment and passionof our people, and we are clear on our common purpose : to help people achievetheir ambitions, in the right way.

About insert Business Area name

Insertparagraph summarising the Business Area here

About insert Department name TheEconomic Scenario Development team develops economic scenarios for Group-wideregulatory stress testing required by the Bank of England, EBA, the estimationof provisions under IFRS9 accounting standards, Medium Term Planning andInternal Stress Testing exercises.

Economic Scenario team is responsible for all scenario related activitiesnamely : scenario generation / expansion, narrative, overlays, stakeholdermanagement (internal / external), scenario governance and the management ofend-

to-end processes & controls.

We are an equal opportunityemployer and we are opposed to discrimination on any grounds .

Overall purposeof role

Provide supportto the Scenario Expansion Team and play a key role in delivering all processrelated tasks to a high standard for the IFRS 9 accounting standards, Regulatory, Medium Term Planning andInternal Stress Test scenario expansions.

Key Accountabilities

He / she will work closely with the 1 senior VP and 1Director supporting them on their analysis of the output of the scenarioexpansion model.

He / she will provide support for the following tasks :

  • Contributing to the design of IFRS9 and internal stresstest scenario narrative and constraints
  • Sourcing and verifying data, maintaining an up-to-date database,develop and run data processing code (gap fills, identifying outliers, errorsetc.)
  • Analyse and review scenario outputs before sendingto SMEs for further review and challenge
  • Publishthe full scenario to all stakeholders as part of the stress test instructions forthe IFRS 9 monthly process
  • Engage with stakeholders at all levels across the group (in both business and Group Centre functions) with regards to timelines and requirements and in line with Group scenario expansion operating model and communicate on a timely basis.
  • Prepare high quality presentations for senior management and regulators.
  • Identify opportunities and support improvements in data, process, modelling and reporting for scenario expansion
  • Manage the change control process in line with governance and control requirements
  • Contribute in the preparation of presentations for the team, QAand senior stakeholders.
  • Compliance and Controls Analyst : tasks include supporting controlenvironment by operating checks and controls as per ES Op Manual, including SOXcontrols, liaising with Internal and External Auditors on control effectiveness
  • Contributing in the design of requirements for the newInternal Expansion model.
  • StakeholderManagement and Leadership

    This role requires a significant amount of interaction with seniorstakeholders in QA, Senior Management in Risk, Finance and Treasury across allBarclays legal entities.

    He / she will also be exposed to valuable interactions with contributorsto the various economic scenario narratives (primarily internal stress test)such as Barclays IB economists, strategists and traders.

    Decision-makingand Problem Solving

    This role requires a good understanding ofhow markets function and the interactions between all the macro economic andmarket variables.

    He / she will be working in a very fast pace environment and willbe expected to contribute by proposing solutions to model short-

    comings as wellas ways to improve efficiency in the economic scenarios process and enhancing existingsystems.

    Risk and Control Objective This section is mandatory for allrole profiles and must not be deleted

    Ensure that all activities and duties are carried out infull compliance with regulatory requirements, Enterprise Wide Risk ManagementFramework and internal Barclays Policies and Policy Standards.

    PersonSpecification

  • Graduate levelqualification in a highly numerate discipline (Maths / scientific background or economist / Econometricswith at least 4 years of proven trackrecord in banking (market risk, treasury or related area)
  • Soundknowledge and understanding of macroeconomic principles, market risk andfunding
  • Stronganalytical ability
  • Good codingknowledge and experience of using Excel, R, VBA, C++
  • Goodunderstanding of a bank’s activities, balance sheet and associated risks.
  • Strongstakeholder and project management skills
  • Excellentcommunication skills, both written and oral
  • EssentialSkills / Basic Qualifications :

  • A team playerand self-starter
  • Excellentmanagement of work load : he / she must be able to plan and organise thework so that it is efficient and effective and allows service to be deliveredpromptly and reliably
  • Proven trackrecord in delivering new initiatives
  • Desirableskills / Preferred Qualifications :

  • Maintain thehighest standards and ensure adherence to all compliance requirements
  • Purpose andValues

    Barclays has a singlecross-business Purpose for Barclays and five core Values which underpin it.

    Our Purpose is helpingpeople achieve their ambitions in the right way. Put simply this is the answerto the question What is Barclays for?

    and it should guide our every action asemployees.

    Respect

    We respect and value those we work with, andthe contribution that they make.

    Integrity

    We act fairly, ethically and openly in all wedo.

    Service

    We put our clients and customers at the centreof what we do.

    Excellence

    We use our energy, skills and resources todeliver the best, sustainable results.

    Stewardship

    We are passionate about leaving things betterthan we found them.

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