Vice President - Planning and Stress Testing

Job Description

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.

Vice President Expectations

• 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.

As a Planning and Stress Testing VP, you will be responsible for coordinating the execution of several regulatory and internal stress testing obligations. 

Colleagues throughout the firm will look to you for guidance, best practices and next steps as you manage the process timeline, oversee the stress testing calendar/runbook, ensure stakeholders are resourced to deliver, facilitate governance of stress testing results and own several key deliverables within the submission package.  

The ideal candidate will have strong communication and project management skills and familiarity with regulatory stress testing processes (e.g. EBA, Federal Reserve CCAR, Bank of England ACS) and an understanding of reporting frameworks (e.g. COREP, FINREP, IFRS).

You may be assessed on key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.