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VP: Loss Forecasting| Impairment&Capital


This is a Full-time position in Wilmington, MA posted November 21, 2021.

VP: Loss Forecasting| Impairment&Capital

Area of Expertise: Risk and Quantitative Analytics

Reference Code: 90297981

Contract: Permanent

Where will you be located?

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Loss Forecasting Impairment & Capital Vice President 
Wilmington, DE 

As a Barclays Loss Forecasting Impairment & Capital VP you will be responsible for strategic and tactical leadership of Barclaycard US Credit Risk’s Loss Forecasting team.

You will work across functions to gather necessary data, incorporate business feedback, and communicate results.

You will lead Risk’s engagement in projects aimed at increasing the rigor, precision, and timeliness of business planning and forecasting capabilities, including developing, documenting and maintaining challenger models. 
Barclays is one of the world’s largest and most respected financial institutions, with 329 years of success, quality and innovation behind us.

We have helped millions of individuals and businesses thrive, creating financial and digital solutions that the world now takes for granted.

An important and growing presence in the USA, we offer careers providing endless opportunity.

What will you be doing?

• Credit Loss Forecasting as part of Medium Term Planning, Short Term Planning, and Re-Adjusted Forecast exercises

• Generating credit loss forecasts under both US GAAP and IFRS accounting standards.

Working with regulators (FDIC/PRA) and Internal Audit to complete associated audit processes

• Capital Demand forecasting (both Standardized and Advanced capital regimes) as part of these same planning exercises

• Ensuring quality outputs are delivered and evidenced in project documentation

• Defining upgrade requirements in close collaboration with peers and directors in Finance, Treasury and Strategic Analytics

• Managing the delivery and execution of these upgrades by internal 3rd parties (ex.

Risk Analytics) and external 3rd parties

• Implementation of upgraded loss forecasting models into automated production engines to ensure quality output is delivered

• Ensuring Loss Forecasting methods, results and documentation comply with external guidance and rules as well as internal policies and standards

What we’re looking for:

• Graduate degree (ex.

MBA, MS, PhD) in a quantitative, economic or other math based discipline required

• Extensive experience in financial services

• Experience managing teams

Skills that will help you in the role:

• Specific experience in Decision Science, Model Development, and/or Model Validation disciplines or US Credit Card portfolios

• Specific experience with a global bank resulting in knowledge of both US and International accounting standards (US GAAP ALLL, CECL, IFRS 9)

• Specific experience in loss forecasting functions within a financial services organization

• Excellent leadership skills evidenced through prior line management experience.

Proven history of driving a positive culture and influencing a range of stakeholders

Where will you be working?

Barclays’ Wilmington campus includes two beautiful buildings located along the historic Wilmington Riverfront.

A glance out our windows reveal a scenic look at the Christina River, along with a growing riverfront community of luxury apartments, shops, and restaurants.

Additionally, the Wilmington train station is a short walk away making travel from New York and Washington, DC convenient.

Registered office for all: 1 Churchill Place, London E14 5HP