Treasury Risk Manager

Barclays UK; London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial institution in London is seeking a Treasury Market Risk Manager to oversee interest rate risks and manage treasury funding strategies. The ideal candidate should have a quantitative degree, strong analytical abilities, and knowledge of fixed income products. Responsibilities include developing risk frameworks and monitoring exposure. This position offers opportunities to engage with senior management, drive risk management strategies, and foster collaborative relationships across teams.

Qualifications

• Understanding of interest rate, FX, inflation, and credit risk.
• Experience working in stress testing.
• Current understanding of market themes and central bank policy.

Responsibilities

• Manage and analyze interest rate risk in the banking book.
• Develop investment risk management frameworks.
• Monitor key asset-liability risk management metrics.

Skills

Knowledge of fixed income products

Analytical skills

Communication skills

Team player

Problem solving

Education

Degree / MSc in a quantitative discipline

Job description

Exciting Opportunity in Treasury Market Risk!

This role offers a unique challenge within Treasury Market Risk, positioning you at the forefront of managing the Treasury Liquid Asset Buffer and Funding & Risk portfolios. You will be part of a dynamic team whose proactive and innovative risk management strategies will drive key business decisions and maximize value across the Bank.

Some key responsibilities for the role holder will be to:

• Develop a detailed understanding of the Treasury Funding and Investment businesses in order to ensure all market risks are identified, understood, and measured appropriately. Candidate is expected to not only understand and monitor these risks, but offer subjective review and challenge of financial risks being taken in the business, and effectively communicate this to a wide range of senior managers in 1st and 2nd line.
• Engage regularly with Front Office to discuss and assess market events and investment strategies.
• Monitor market activity and provide P&L review and analysis with respect to market movements and risk exposures. Prepare management updates, risk reviews on portfolio profile and top risks.
• Ensuring compliance with Group Risk policies and standards in compliance with the Group ERMF. Maintain and execute risk controls.
• Assist with IT projects relating to migrations and/or new product approval.
• Help support more junior colleagues in TFI Risk, and the wider Risk function.

To be successful as a Treasury Market Risk Manager, you should have

• Degree / MSc in a quantitative discipline.
• Knowledge of fixed income products, the inherent risks (interest rate, FX, inflation and credit risk) and how to mitigate them.
• Remain current on market themes, central bank policy outlook etc.
• Good communication skills, strong team player, excellent problem solving and analytical skills
• Ability to work under pressure and adhere to strict deadlines.

Some other highly valued skills may include

• Experience working in stress testing, with exposure to EBA/BOE stress tests.
• Experience of market risk monitoring and control frameworks.
• Experience of financial products, derivatives and structured products (including swaps and options), their pricing and their use in market risk management.
• Understanding of mechanisms for quantifying and hedging direct and indirect non-traded market risks.

You may be assessed on the 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.

Location: London

Purpose of the role

To safeguard the bank's financial stability by managing interest rate risk in the banking book, primarily associated with Asset Liability management risk activities including Treasury funding and investment positions in the banking book.

Accountabilities

• Analysis of the bank's asset and liability profile, including maturity mismatches, interest rate sensitivity, and cash flow projections.
• Development and implementation of investment risk and asset liability risk management frameworks and policies in line with regulatory requirements and internal risk frameworks.
• Monitoring and reporting on key Asset liability risk management metrics, such as net interest income sensitivity, economic value of equity sensitivity and duration gap.
• Identification, assessment, and monitoring of risks associated with the bank's investment portfolio, including market risk (interest rate, equity, FX), credit risk, and operational risk.
• Performance of stress testing and scenario analysis to assess the impact of potential macro economic scenarios on the Banking book portfolio.

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.