What will you be doing?
Barclays Services Corp. seeks AVP, CCAR Process Oversight and Control in New York, New York (multiple positions available):
Drive the quarterly capital adequacy stress testing process including, but not limited to, preparing the production calendar, collaborating across functions to obtain the required data inputs, assuming day to day responsibility for the execution process, troubleshooting (and solutioning) problems in a thoughtful and time sensitive manner and acting as the point of contact for all stress testing execution queries.
Assure business-readiness of the processes and technology infrastructure, troubleshoot problems in conjunction with technology staff and work across regions to offer solutions and manage senior stakeholder expectations.
Partner with cross-functional stakeholders across Finance, Risk, IT, QA and Senior Management to plan and contribute to the delivery of the quarterly capital adequacy stress testing processes and the annual Comprehensive Capital Analysis and Review (CCAR) submission to the Federal Reserve.
Maintenance of the overarching frameworks, policies and standards that guide CCAR business process development and execution, and interface with business stakeholders across Finance, Risk and Treasury functions to review these frameworks.
Assist with the execution of a portfolio of regulatory-related deliverables, ensuring delivery in accordance to existing policies, procedures and best practices.
Facilitate the annual CCAR submission documentation process by coordinating the review/sign off process, assisting in the organization and submission of all supporting documentation to the regulators.
Maintain the CCAR operating model including working with stakeholders to update process flows, controls and related evidence/documentation, and policies and procedures.
Provide additional support as necessary including, but not limited to, organizing the results review and governance processes, delivering materials for review by governance bodies, up to and including the IHC Board, and facilitating the testing that follows the annual CCAR model redevelopment process.
Collaborate with Barclays Internal Audit and Chief Controls Office (CCO) teams to facilitate regular examinations and controls assurance reviews.
Support future CCAR-related technology implementation as a business-as-usual process and manage on-going enhancements post successful implementation.
May telecommute pursuant to company policies. [Hybrid role]
Salary / Rate Minimum/yr: $170,102 per year
Salary / Rate Maximum/yr: $187,113 per year
The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.
This position is eligible for incentives pursuant to Barclays Employee Referral Program.
Purpose of the role
To develop and implement the bank's financial plans and stress testing methodologies by assessing the bank's resilience under various economic scenarios.
Accountabilities
- Development and implementation of stress testing methodologies and analysis of the results to identify potential vulnerabilities, assess capital adequacy, and inform risk mitigation strategies.
- Management of the bank's financial risks, including development and implementation of risk management strategies and communication of financial risks to relevant stakeholders.
- Analysis of the bank's capital position and assessment of its ability to meet regulatory capital requirements, development of capital management strategies to optimise capital utilisation and evaluation of the impact of capital allocation decisions on the bank's risk profile and financial performance.
- Orchestration of process cycles for the Planning and Stress Testing FTC and project managing delivery of the Planning Process and stress tests).
- Documentation of requirements prescribed by the Regulator, Process/Data Owner Tracking and reporting cycle progress via P&ST Steer Co, POC, Working Groups and the workflow tool. .
- Management of data, dataflows and data quality from contributors - input through to report submission. .
- Management of BAU systems to enable a quick outcome and iterative generation of Capital or Funding plans and separately drive process reengineering initiatives. .
- Ownership of the control's environment, standards, conformance, partnering with BIA to ensure the FTC meets its controls and governance objectives. .
- Provision of ongoing governance support including but not limited to Regulatory liaison, Group & BBUK Board engagement, Group Attestation & KPMG engagement.
Assistant Vice President Expectations
- To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
- Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
- 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 lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
- Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
- Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
- Take ownership for managing risk and strengthening controls in relation to the work done.
- Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
- Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
- Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
- Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
- Influence or convince stakeholders 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.
