Barclays Jobs – ALM Risk Manager

About the job

ALM Risk Manager

As a Barclays ALM Risk Manager you will support the analysis and management of interest rate risk in the banking book and other non-traded market risk (NTMR) within the banking book businesses. The role holder will be responsible for certain operational aspects of the ALM Risk function: such as conformance with the Group Policies; conformance with the risk limits; and operate the procedures to adhere to agreed risk appetite.

Barclays is one of the world’s largest and most respected financial institutions, with 329 years of success, quality and innovation behind us. We offer careers that provide endless opportunity – helping millions of individuals and businesses thrive, and creating financial and digital solutions that the world now takes for granted.

We are currently operating in a hybrid working environment, meaning that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Please discuss the detail of the working pattern options for the role with the hiring manager.

What will you be doing?

• Identifying, measuring and managing Interest rate risk in the Banking Book (IRRBB), FX risk and other market risks within BUK and BI
• Providing input into the Treasury ALM risk appetite and risk limit setting process for BUK and BI
• Identifying & articulating to Risk and Business Executives any relevant risk exposures both current and anticipated that should be receiving attention
• Reviewing new products from a ALM risk perspective, working closely with Business, Finance and Treasury to ensure that the ALM risks are hedged/managed appropriately
• Reviewing and challenging of Product and Structural hedging strategies proposed by Treasury
• Reviewing and challenging of the behavioural assumptions used for hedging ALM risks within BUK and BI
• Ensuring compliance with Treasury and Capital Risk policies and will be required to review and update the relevant policies and standards in compliance with the Group ERMF
• Producing and presenting regular and adhoc MI/analysis related to IRRBB, FX and other ALM or market risks to senior management

What We’re Looking For

• Excellent stakeholder management skills required; role holder will need to work effectively across the bank’s structure with key stakeholders in UK, Europe and the US
• Educated to Degree level in a quantitative subject or previous relevant equivalent experience
• Comprehensive Treasury ALM or non-traded market risk experience
• Knowledge of VaR, EaR (NII sensitivity), EVE and other risk management measures and practices and comprehensive understanding of governance and control frameworks

Skills That Will Help You In The Role

• A qualification relevant to the management of risk (specifically but not exclusively market risk)
• Experience of balance sheet management systems, preferably QRM. Also VBA/SQL experience
• Good knowledge of Retail, Corporate and Private Banking products including credit cards
• Understanding of Treasury ALM management and an understanding of ALM and IRRBB specific regulations (e.g. Basel, PRA guidelines on IRRBB)

Where will you be working?

In the heart of Canary Wharf, our headquarters at Churchill Place boasts onsite amenities such as; a gym, staff restaurant and deli bar, and is easily accessible by tube and bus links. With a population of around 5000 staff the atmosphere is second to none with a real buzz being created around the offices within

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