What will you be doing?

Barclays Services Corp. seeks Vice President, CECL Analytics Lead in New York, NY (multiple positions available):

Perform financial quantitative analysis for end-to-end project management of CECL (Current Expected Credit Loss) reporting.
Responsible for analyzing CECL results, identifying drivers & KPIs responsible for variance, execution of controls, and conducting review meetings with senior management.
Analyze and explain any unexpected results and, where necessary, escalate to management.
Review management information on impairment metrics to ensure a deep understanding of portfolio performance and flag areas of concern to management.
Provide in-depth explanation and drivers of monthly movement as compared to prior month Short Term Plan (STP) and Outlooks.
Maintain Procedure documentation on CECL and ensure this is updated on a regular basis.
Review model outputs, identify any issues and escalate if appropriate.
Produce impairment outlook to sustain capital management activities in the organization.
Perform forecasting for impairment by ensuring data and MI for actuals are correct and reconciled to golden sources.
May telecommute.

Salary / Rate Minimum/yr: $163,000 per year

Salary / Rate Maximum/yr: $204,375 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 evaluate and assess the potential impairment of financial assets, ensuring that the bank's financial statements accurately reflect the economic value of its assets.

Accountabilities

Identification of potential impairment triggers, analysis of relevant financial and non-financial information to assess the potential for impairment of financial assets, and application of quantitative and qualitative impairment tests to determine whether an asset is considered impaired.
Assessment of the impairment loss for an asset by identification of the right valuation method, assessment of its fair value, and documentation of the process.
Calculation of the impairment provision to reflect the impairment loss and prepare clear and accurate impairment disclosures for financial statements.
Management of the performance of impaired assets and reassessment of their impairment status on a regular basis. .

Vice President Expectations

To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
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 be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
Manage and mitigate risks through assessment, in support of the control and governance agenda.
Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
Adopt and include the outcomes of extensive research in problem solving processes.
Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills 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.