Corporate Development Director (Risk Transfer)

Barclays•New York, NY

11d•$220,000 - $280,000

About The Position

The Corporate Development Director evaluates, structures and executes strategic transactions and initiatives that support Barclays US Consumer Bank’s growth, risk management, portfolio optimization, capital efficiency and financial objectives. The role combines rigorous financial analysis, commercial judgment and cross-functional leadership to support senior management decisions involving risk transfer, portfolio transactions, strategic partnerships and other corporate development activities. The role leads transaction analysis and execution, including financial modeling, valuation, business cases, due diligence, negotiation, governance materials and coordination across Finance, Treasury, Risk, Legal, Compliance, Tax, Operations and business teams. It assesses portfolio performance, credit exposure, funding, risk-adjusted returns and capital effects, including RWA, CET1, leverage, capital relief and return on capital. The Director evaluates alternatives such as significant risk transfer, portfolio sales, forward-flow and partnership structures, taking into account economics, funding, execution complexity and regulatory considerations. The position manages relationships with senior internal stakeholders and external counterparties, including financial institutions, investors, strategic partners, rating agencies, law firms and advisors. It monitors market and regulatory developments, identifies transaction risks and mitigation plans, and oversees approved initiatives through implementation. Responsibilities also include post-execution management of live risk transfer transactions, including credit quality monitoring, performance and reporting, periodic amendments and audit support, as well as improving post-execution efficiency with IT and Middle Office teams. The Director provides subject matter expertise and recommendations to senior management and approval forums, leads complex and time-sensitive workstreams, and guides less-experienced colleagues. The position is expected to maintain compliance with regulatory requirements, Barclays’ Enterprise Wide Risk Management Framework, internal policies and applicable conduct, risk and control expectations. The Director role may involve managing a business function or, as an individual contributor, leading organization-wide projects as a deep technical expert and thought leader.

Requirements

Bachelor’s degree in Finance, Economics, Accounting, Business Administration, Mathematics, Engineering or another relevant quantitative discipline.
Significant relevant experience in corporate development, investment banking, strategic finance, structured finance, capital markets, portfolio management, risk transfer, mergers and acquisitions or a related financial-services discipline.
Demonstrated experience evaluating and executing complex strategic transactions, partnership arrangements, portfolio acquisitions or divestitures, risk transfer transactions or comparable corporate development initiatives.
Experience leading or supporting structured transactions involving asset sales, portfolio transfers, strategic partnerships, securitizations, risk transfer structures or other complex financial transactions.
Experience assessing capital, RWA and return-on-capital implications of portfolio transactions, risk transfer structures or other capital-optimization initiatives.
Experience developing sophisticated financial models, valuation analyses, business cases and recommendations for senior management.
Experience leading multiple complex workstreams within a highly regulated and matrixed organization.
Ability to influence and collaborate with senior stakeholders across the business and within Finance, Treasury, Risk, Legal, Compliance, Tax and Operations.
Experience working directly with external counterparties, financial institutions, investors, strategic partners, advisors and consultants.
Advanced financial modeling, valuation and transaction-analysis skills.
Strong understanding of consumer banking products, credit portfolios, partnership economics, funding and capital considerations, and risk-adjusted return frameworks.
Knowledge of transaction structuring, due diligence, commercial negotiation and execution processes.
Working knowledge of regulatory capital frameworks and metrics, including RWA, CET1, leverage and stress-capital considerations, and ability to model capital relief, capital efficiency and returns on allocated capital.
Ability to identify and assess strategic, financial, credit, operational, legal, regulatory and reputational risks associated with complex transactions and business initiatives.
Advanced analytical and problem-solving capabilities, including synthesizing complex information into clear, actionable recommendations.
Excellent written and verbal communication skills, including experience preparing and presenting materials for senior management and governance committees.
Strong project-management and organizational capabilities, including managing competing priorities and delivering under tight timelines.
Sound judgment, personal integrity and discretion when handling sensitive and confidential information.
Advanced proficiency in Microsoft Excel.
Ability to analyze consumer asset data, including credit risk, interest rate risk, concentration risk and historical performance, and assess how asset-composition changes affect risk transfer structures.
Experience with credit rating agency processes and legal documentation for structured or risk transfer transactions, and ability to analyze the effect of regulatory changes on transactions.
Ability to lead cross-functional initiatives without direct reporting authority.
Strong stakeholder-management, negotiation and influencing skills across organizational levels.
Ability to provide constructive challenge while building alignment and maintaining effective working relationships.
Ability to guide junior colleagues and reinforce high standards of analytical quality, accountability and execution.
Ability to operate effectively in ambiguous situations and exercise sound commercial judgment.
Ability to understand how the function integrates with the business division and Group to achieve overall objectives.
Ability to exercise management authority and make significant decisions or strategic recommendations within the area.
Ability to manage direction of a large team or sub-function, where applicable, or lead organization-wide projects as an individual contributor.

Nice To Haves

MBA, CFA, CPA or another relevant advanced degree or professional designation.
Proficiency in R and/or Python.

Responsibilities

Lead the evaluation and execution of risk transfer, portfolio optimization, strategic partnership and other corporate development initiatives.
Develop financial models, valuation analyses, business cases and strategic assessments to evaluate transaction economics, risks and alternatives.
Support transaction structuring and negotiation, including commercial terms, risk allocation, financial considerations and execution requirements.
Lead due diligence and coordinate transaction execution across Finance, Treasury, Risk, Legal, Compliance, Tax, Operations and relevant business teams.
Assess portfolio performance, credit exposure, funding implications, risk-adjusted returns and capital-related considerations.
Quantify transaction and initiative capital impacts, including RWA, CET1, leverage, capital relief, return on capital and capital efficiency.
Evaluate capital-optimization alternatives, including significant risk transfer, portfolio sales, forward-flow and partnership structures.
Evaluate market conditions, investor appetite, competitor activity and relevant regulatory developments affecting potential transactions and initiatives.
Prepare recommendations, governance materials and executive presentations for senior management and approval forums.
Manage day-to-day interactions with financial institutions, investors, strategic partners, advisors, consultants and other external counterparties.
Identify transaction risks, dependencies and execution issues; develop mitigation plans with stakeholders and escalate matters as appropriate.
Monitor approved transactions and initiatives through implementation, including milestones, financial outcomes and execution issues.
Oversee post-execution management and life-cycle events for live risk transfer transactions, including credit quality monitoring, performance and reporting, periodic amendments and audit support.
Drive improvements in post-execution efficiency in partnership with IT and Middle Office teams.
Lead engagements with credit rating agencies, law firms and other advisors on new risk transfer transactions, including asset analysis, transaction modelling, legal documentation and governance.
Build relationships across Barclays, including Treasury, Finance and the wider Group, to identify assets suitable for risk transfer.
Ensure activities comply with firm-wide and business-specific conduct, risk and control requirements, and strengthen the control framework affected by the team’s activities.
Manage multiple complex and time-sensitive workstreams, prioritizing effectively and ensuring stakeholder communication and delivery.
Guide and support less-experienced colleagues, promoting high standards of financial analysis, commercial judgment and execution discipline.
Interact regularly with senior business and infrastructure management at Managing Director level and above, including Finance, Treasury, Risk, Legal and Card Partnerships.
Provide subject matter expertise on the impact of risk transfer and capital-optimization activities across P&L, RWA, balance sheet, liquidity and capital.
Develop relationships across stakeholders and communicate complex ideas clearly to non-specialists.
Coordinate internal teams to advance and execute risk transfer and other strategic transactions.
Analyze large data sets and the impact of adding, removing or substituting assets in existing risk transfer arrangements or new structures.
Interpret consumer asset data, including credit risk, interest rate risk, concentration risk and historical performance, and identify and explain issues and opportunities.
Participate in regulatory analysis of transactions and help ensure compliance as rules change.
Comply with regulatory requirements, the Enterprise Wide Risk Management Framework, and internal Barclays Policies and Policy Standards.
Contribute to function-wide strategic initiatives and policy and procedure development; plan, manage and consult on complex strategic projects.
Provide expert advice to senior functional management and committees, and influence decisions beyond the function.
Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function, as applicable to the role.
Escalate policy and procedure breaches appropriately and foster compliance with regulations and relevant processes.
Monitor the external environment, regulators and advocacy groups and, where appropriate, represent Barclays’ interests.
Apply extensive functional and industry knowledge, advanced analytical skills and sound judgment to complex or sensitive problems and decisions.
Negotiate with and influence senior internal and external stakeholders; act as a principal contact for key clients and counterparts and as a spokesperson for the function and business division when mandated.
Demonstrate the Barclays LEAD behaviours: Listen and be authentic, Energise and inspire, Align across the enterprise, and Develop others.
Demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship and the Barclays Mindset of Empower, Challenge and Drive.