Impairment Analyst

Barclays Corporate Banking; Dadri; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Barclays Corporate Banking in Noida seeks an Impairment Analyst to evaluate impairment of financial assets and ensure accurate disclosures. You will identify triggers, apply impairment tests, and document valuation methods while coordinating with the governance team.

The role requires a university degree and strong analytical skills with proficiency in Excel, SAS or Python, plus knowledge of IFRS9 and PD/LD/EAD concepts.

Qualifications

• University degree (B.Tech/ MBA /CA or equivalent).
• Strong Analytical skills with a desire to learn in an evolving environment, Meticulous approach to data analysis & reporting.
• Proficient in Microsoft Excel with working knowledge of SAS and/or Python; coding skills preferred.
• Problem Solving Ability - Strong critical thinking to identify issues & develop solutions.
• Prior working experience in Credit Risk domain.
• Basic knowledge of IFRS9, stress testing, basics of Impairments.
• Clear and concise communication to present results up to level of Director/ MD in the organization.

Responsibilities

• Identification of impairment triggers and assessment of impairment of financial assets.
• Identify valuation methods, assess fair value, and document the process.
• Calculate impairment provisions and prepare disclosures for financial statements.
• Manage the performance of impaired assets and reassess impairment status regularly.
• Collaborate with other functions and business areas; escalate as needed.

Skills

Analytical skills

Data analysis

Communication skills

Problem solving

Attention to detail

Risk management

Education

B.Tech/ MBA /CA or equivalent

Tools

Microsoft Excel

SAS

Python

SQL

Tableau

Job description

Job Description:

Job Description

Purpose of the role

To evaluate and assess the potential impairment of financial assets, ensuring that the banks 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..

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• 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 develop technical expertise in work area, acting as an advisor where appropriate.
• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your workand areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

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.

Join Barclays as a Impairment Analyst role, the candidate will be required to embed a control functionality by building and leading the development of the output for the team, where you’ll help craft innovative solutions that influence. The purpose of this role is to manage a team responsible for the Governance and Control aspects of the Impairments FTC. This is the front end of the Group Impairments FTC team where the output is most visible and therefore a transparent, detailed and well-understood approach to Governance and Control is essential.

To be successful in this role, you should have:

• University degree (B.Tech/ MBA /CA or equivalent).

• Strong Analytical skills with a desire to learn in an evolving environment, Meticulous approach to data analysis & reporting.

• Proficient in Microsoft excel with working knowledge of SAS and/or Python; coding skills preferred.

• Problem Solving Ability - Strong critical thinking to identify issues & develop solutions.

• Prior working experience in Credit Risk domain.

• Basic knowledge of IFRS9, stress testing, basics of Impairments.

• Clear and concise communication to present results of analyses up to level of Director/ MD in the organization.

Some other highly values skills include:

• Knowledge of Structure Query Language (SQL) and Tableau is a plus.

• Knowledge of International Financial Reporting Standards- Basic understanding of expected credit loss (impairments) calculation.

• Basic understanding of PD,LGD,EAD models.

• The initiative and curiosity to challenge current processes and develop effective alternative solutions.

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.

This role will be based out of Noida.

Requirements: