Credit Risk Review Group, Director
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About The Position
The Credit Risk Review Group (CRRG) is a 2nd Line of Defence assurance function that provides ongoing review and monitoring of the quality and condition of the loan and derivative portfolios for all wholesale risk in the Barclays Group by reviewing individual exposures and the overall credit sanctioning process. CRRG has a Board-level mandate and is directly accountable to various Boards of Directors via regular reporting and escalation. The function is independent of credit risk approval services and of Business CROs across Barclays Group. CRRG's primary responsibility is reviewing the overall credit sanctioning process by performance of the following: Validating (and - where needed - overriding) the assigned internal grades through a sampling of borrowers and counterparties and loan and derivative facilities across various credit risk concentrations; Validating the credit origination, evaluation and approval, including credit terms; Testing conformance to relevant credit policies and standards, including risk appetite, as they pertain to credit approvals including monitoring for credit deterioration; and, Reporting and escalation of findings to key stakeholders, including Board Risk Committees and other recipients of necessary information; and causing and tracking corrective actions to completion; Serving - as needed and appropriate - in an advisory and partnership capacity to the 2nd Line of Defense.
