Recovery & Resolution Planning, Barclays Europe - 12 Month FTC

Job Description

Purpose of the role

To prepare and respond to financial distress by the development and implementation of recovery and resolution plans, assessment of the financial viability of distressed entities, and provision of advice on potential resolution strategies.

Accountabilities

• Development and evaluation of potential resolution strategies for distressed entities, and analysis of the financial implications and potential impact of each strategy. .
• Development and maintenance of recovery and resolution plans for the bank's business units and entities, and assessment of critical functions and dependencies to ensure continuity of essential services in case of distress. .
• Analysis of financial data and assessment of the viability of distressed entities to evaluate the financial strength, capital position, and liquidity risks faced by distressed entities. .
• Recovery: Oversee Barclays’ Financial Crisis Management Framework (jointly with Treasury); maintain Barclays’ Group Recovery Plan. .
• Resolution: Maintain resolution capabilities across the Group and its Material Legal Entities; coordinate and deliver regulatory and public disclosures (UK and Europe). .
• RRP controls and governance: Ensure appropriate assurance processes to ensure compliance with regulatory requirements and expectations. .
• Valuation in Resolution capabilities: Ensure appropriate valuation capabilities are maintained, including models, methodologies, processes and documentation, including process to onboard an external valuer if necessary. .
• Holistic testing of resolvability capabilities: decision-making and governance processes across 10 workstreams tested with Boards, Ex Cos and senior AEs. .
• Support business stakeholders across the group, including SMRs, in meeting global regulatory requirements against multi-year agendas. .
• Communication with regulators to provide timely updates on the bank's recovery and resolution activities. .

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• 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 will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• 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.

The Recovery & Resolution Planning team works across a broad spectrum of RRP activities to ensure BBI meets recovery and resolvability requirements. The role therefore requires a significant level of cross-functional collaboration across Barclays Europe and the Group, including Treasury, Risk, Operations and all business lines.

The work conducted by the RRP team can have significant impacts for the entity. As such, it is a high visibility role involving regular direct exposure to senior management (ExCo, Board) and regulatory authorities (European Central Bank, Central Bank of Ireland and Single Resolution Board).

This role would be ideal for an aspiring leader that is looking to broaden their understanding of the business and have an influence on strategic decision making within BBI.

The ideal candidate will have experience in interpreting EU regulatory requirements (knowledge of the BRRD would be beneficial), excellent interpersonal skills with the ability to manage relationships with a variety of stakeholders (including senior management – Board, ExCo etc) across the organisation and a high level of attention to detail. Project management skills, financial analysis and/or stress planning experience would also be desirable.

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.