Director - Credit - Structured Lending & Financing ABS

Barclays Capital; New York (NY); On-site; USD 140,000 - 240,000; Full time

Job summary

Barclays Capital in New York seeks a senior credit risk professional to lead the analysis of asset-backed securitization facilities and related exposures. You will review deal structures, models, and documentation, and decide on approvals, while coordinating with deal teams and regulators.

The role requires leadership in risk management, a strong background in ABS transactions, and robust analytical and communication skills to drive risk-aware decision making across the business.

Qualifications

• Expertise in credit risk analysis of asset backed transactions in senior decision making roles.
• Demonstrated leadership in risk management at a large institution.
• Banking-sector risk decision making experience and strong analytical skills.

Responsibilities

• Own the quality and timeliness of the credit risk analysis paper and secure approvals.
• Credit sanctions for US ABS warehouse facilities and securitised products across asset classes.
• Lead transaction due diligence and collateral verification processes.
• Own risk ratings, escalation decisions, and sanctioning recommendations.
• Monitor US ABS portfolio; manage stress testing and regulatory reviews.
• Engage with regulators and internal audits to remediate findings and strengthen controls.
• Collaborate across teams to share risk insights and train junior analysts.

Skills

Credit risk

Leadership

Regulatory knowledge

Stakeholder mgmt

Job description

Job Description

Purpose of the role

The role involves performing risk analysis of proposed asset securitization facilities requiring Barclays commitment for internal books or for underwriting for distribution in the financial markets. Review proposals, liaise with the deal teams, take part in client engagement due diligence reviews, identify and analyse key risks in the proposals, recommend compensating controls, review transaction structures and related documentation, review models and model assumptions to ensure that the key risks are captured and the repayment profile is consistent with the assigned risk ratings, and recommend approval or rejection, as appropriate, including escalation if required. Lead the credit analysis of related exposures to a client in cases where the primary exposure is the ABS facilities. These include direct corporate exposures such as revolving credit facilities or term loans, credit derivatives, or equity-backed loan commitments.

Accountabilities

• Ownership of the quality, accuracy, robustness, and timeliness of the credit risk analysis paper, including getting required approvals
• Credit sanctioning and approval of US ABS warehouse facilities and securitised products across consumer and non-consumer asset classes including auto loans, personal loans, student loans, trade receivables, equipment leases, and other esoteric assets.
• Performing transaction due diligence, including management meetings, sponsor/platform assessments, third-party audit reviews (AUPs), and collateral verification processes.
• Ownership of risk ratings, counterparty tiering, escalation decisions, and sanctioning authority recommendations under the SLF escalation framework.
• Ongoing surveillance of the US ABS portfolio, including utilisation, concentration risk, collateral performance, trigger breaches, and covenant compliance.
• Portfolio stress testing, risk appetite monitoring and reporting to governance forums including WCRMC, IBRC and US regulatory reviews.
• Production and challenge of portfolio reviews covering credit quality, diversification, utilisation, ratings accuracy, and emerging risk themes, and contributing to portfolio reviews and internal risk discussions across teams.
• Regulatory engagement with bodies such as the FRBNY, PRA and internal audit, including remediation of findings and enhancement of control frameworks.
• Responsibility for the timely assignment of risk limits within internal systems, and monitoring of exposure
• Collaborating with both team members across teams on various risk projects to share knowledge or train junior analysts.

Role Requirements

• The candidate must have expertise in credit risk analysis of asset backed transactions in a senior decision-making capacity, either with a rating agency, other large banks, frequent ABS issuers or large institutional ABS investors. Competence in analysis of transaction structures, cash flow modelling, and experience reading transaction and legal documents.
• Demonstrated leadership in risk management at a large institution
• Risk decision making background within a large organization, such as a rating agency, other large banks or an institutional ABS issuer or investor.

Director Expectations

• To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business wide.
• They manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business. Or for an individual contributor, they lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
• Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
• Escalates breaches of policies / procedure appropriately.
• Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
• Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
• Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
• Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
• Use interpretativ