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Credit Risk Review Group, Director

New York, United States

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Date live: 01/23/2025

Business Area: Risk

Area of Expertise: Risk and Quantitative Analytics

Contract: Permanent

Reference Code: JR-0000030238

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Barclays Risk

In Risk Barclays develops, recommends, and implements controls and cost-effective approaches to minimise Barclay's risks, identifies and analyses potential sources of loss to minimise risk and estimate the potential financial consequences of an occurring loss.

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Salary / Rate Minimum: $200,000

Salary / Rate Maximum: $280,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available.

The Credit Risk Review Group (CRRG) is a 2nd Line of Defence assurance function that provides ongoing review and monitoring of the quality and condition of the loan and derivative portfolios for all wholesale risk in the Barclays Group by reviewing individual exposures and the overall credit sanctioning process.  CRRG has a Board-level mandate and is directly accountable to various Boards of Directors via regular reporting and escalation.  

The function is independent of credit risk approval services and of Business CROs across Barclays Group.

CRRG’s primary responsibility is reviewing the overall credit sanctioning process by performance of the following:

  • Validating (and – where needed – overriding) the assigned internal grades through a sampling of borrowers and counterparties and loan and derivative facilities across various credit risk concentrations;
  • Validating the credit origination, evaluation and approval, including credit terms;
  • Testing conformance to relevant credit policies and standards, including risk appetite, as they pertain to credit approvals including monitoring for credit deterioration; and,
  • Reporting and escalation of findings to key stakeholders, including Board Risk Committees and other recipients of necessary information; and causing and tracking corrective actions to completion;
  • Serving – as needed and appropriate – in an advisory and partnership capacity to the 2nd Line of Defense.

Key Accountabilities:

  • Review and sign off credit analysis performed (and credit judgement exercised) by more junior team members; you will also undertake end-to-end (i.e. independently, without junior contributors) reviews of individual exposures / obligors when necessary.
  • Present analysis & influence senior management and peers with independent and contrasting views.
  • Lead and own the completion of credit reviews / projects as assigned within the CRRG Annual Plan or on an ad hoc basis, including design of credit analytical methodologies, scoping, sampling, review templates, processes, etc.  
  • Support the Head of CRRG in the annual plan development and resource allocation.
  • Work with the Head of CRRG and co-Directors within the team in writing and updating the credit review baseline methodologies.
  • Support reviews outside of corporate credit, e.g. FI (Banks, NBFI), counterparty credit risk, structured finance and others.
  • Interface with various Regulators as needed.
  • Manage the continuous monitoring program with regard to various assigned portfolios.
  • Manage on-going stakeholder relationships with Risk Approval Units and also Senior Management as necessary.
  • Produce commentary for presentations going to Senior Management and governance committees, including at Board level.
  • Lead training and coaching of the team with regard to corporate credit and, specifically, leveraged lending, including technical aspects of credit analysis as well as relevant Barclays internal systems and processes.
  • Contribute to the management of personal development of junior team members, including as a line manager.

Essential skills required:

  • Proven experience of financial services in investment or corporate banking, or the rating agencies.
  • Strong experience as a senior credit officer (i.e. a credit officer with senior level individual approval authority), loan underwriter, credit risk or loan reviewer, or credit audit within a large financial institution.
  • Proven experience in people management, project leadership or consulting.

Desirable skills/Preferred Qualifications:

  • Strong in-depth technical expertise in corporate credit analysis;
  • Strong organizational skills and the ability to manage multiple assignments concurrently;
  • Professional qualification, undergraduate or graduate degree in finance or a risk related discipline;
  • Confident communicator, particularly in delivering challenging messages to senior management and colleagues;
  • Expertise in three or more industry sectors such as Technology / Media / Telecommunications, Industrials, Natural Resources, etc.
  • Familiarity with the Barclays Corporate and Investment Banking credit processes;
  • Familiarity with wholesale loan underwriting standards, particularly leverage finance across Barclays;
  • Familiarity with the syndication market for corporate loans in the US and Europe, including investment grade and high yield;
  • Familiarity with loan and counterparty agreements and documentation;
  • Familiarity with credit risk and capital models including those used for Default Grade generation, LGDs, EADs and RWAs;
  • Familiarity with FI (Banks and NBFIs) credit analysis, and Counterparty Credit Risk.
  • CPA/CA, CFA, FRM, other broadly recognized certifications or a credit training program from a large financial institution.

Purpose of the role

To support the Risk Function in delivering it’s objective of safeguarding the bank's financial and operational stability by proactively identifying, assessing, mitigating, and monitoring risks across various business units and activities.

Accountabilities

  • Development of strategic direction for risk, including the implementation of up-to-date methodologies and processes.
  • Management of the risk department, including oversight of risk colleagues and their performance, implementation of risk priorities and objectives, oversight of department efficiency and effectiveness.
  • Relationship management of risk stakeholders, including identifying relevant stakeholders, and maintenance of the quality of external third-party services.
  • Adherence to the Risk policy, standards and frameworks, and maintaining a robust control environment.

Director Expectations

  • To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business wide..
  • They manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business. Or for an individual contributor, they lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
  • Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
  • Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
  • Escalates breaches of policies / procedure appropriately.
  • Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
  • Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
  • Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
  • Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
  • Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
  • Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
  • Negotiate with and influence stakeholders at a senior level both internally and externally.
  • Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
  • Mandated as a spokesperson for the function and business division.

All Senior 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.

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.

Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review Adjustments to the recruitment process.

We’re a global, vital and highly respected financial organisation with an inspiring Purpose. Operating in 39 countries and employing around 100,000 people across the world, we help communities, individuals and businesses thrive. And we’ve created financial solutions and technology that the world now takes for granted. A career with us can offer incredible variety, depth and breadth of experience, and the chance to learn from some of the best minds in technology and finance.

To find out more about Barclays' strategy please click here.

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.

We are an equal opportunity employer and 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.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.

Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review Adjustments to the recruitment process.

We’re a global, vital and highly respected financial organisation with an inspiring Purpose. Operating in 39 countries and employing around 100,000 people across the world, we help communities, individuals and businesses thrive. And we’ve created financial solutions and technology that the world now takes for granted. A career with us can offer incredible variety, depth and breadth of experience, and the chance to learn from some of the best minds in technology and finance.

To find out more about Barclays' strategy please click here.

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.

We are an equal opportunity employer and 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.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.

This is Barclays New York

New York is home to Barclays’ US headquarters. The Americas hub for our Corporate and Investment Bank: a community of over 4,500 dedicated colleagues who create opportunities and solve challenges for some of the world’s most important companies.

Located in the heart of Manhattan, gives you a convenient location for commuting with access to everything New York can offer.

Our wellness center is equipped with modern amenities, including fitness centres offering a variety of classes and services.

Our health center provides a range of services, including primary and urgent care, wellness exams, health coaching, and vaccinations.

Our office features a variety of sophisticated dining options, including a colleague restaurant and a private executive dining room.

This is Barclays New York

New York is home to Barclays’ US headquarters. The Americas hub for our Corporate and Investment Bank: a community of over 4,500 dedicated colleagues who create opportunities and solve challenges for some of the world’s most important companies.

Excellent location

Located in the heart of Manhattan, gives you a convenient location for commuting with access to everything New York can offer.

Focused on fitness

Our wellness center is equipped with modern amenities, including fitness centres offering a variety of classes and services.

Caring for your health

Our health center provides a range of services, including primary and urgent care, wellness exams, health coaching, and vaccinations.

Great places to eat

Our office features a variety of sophisticated dining options, including a colleague restaurant and a private executive dining room.

Be you. Be valued. Belong.

We celebrate the unique perspectives and experiences each individual brings, believing our differences make us stronger and drive success. Our colleague networks offer connection, support, and growth, while our "This is Me" series shares the unique stories of our colleagues. Committed to diversity, equity, and inclusion, Barclays values you for who you are and ensures you truly belong.

You can learn more about our commitment to our colleague on our DE&I page.  

Learn more

Application Process

Your application

We’ll ask for information about you, your CV and cover letter.

1

Your assessment

Covering your behaviours and ability at work.

2

Your interview

Exploring your past experiences and skills.

3

Next step

We’ll request additional information so that you can complete our screening process

4
How to ApplyRead our FAQ's
Barclays

Working flexibly

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports your personal needs, alongside the professional needs of our business. If you'd like to explore flexible working arrangements, please discuss this with the hiring manager. Your request will be reviewed in-line with the requirements of the role/business needs of the team.

Hybrid working

We have a structured approach to hybrid working, where colleagues work at an onsite location on fixed, ‘anchor’, days, as set by the business area. Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business

Barclays is built on an international scale.

Our geographic reach, our wide variety of functions, businesses, roles and locations reflect the rich diversity of our worldwide customer base. All of which means we offer incredible variety, depth and breadth of experience.
And the chance to learn from a globally diverse mix of colleagues, including some of the very best minds in banking, finance, technology and business. Throughout, we’ll encourage you to embrace mobility, exploring every part of our operations as you build your career.

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