Director - Credit - Structured Lending & Financing ABS

Barclays•New York, NY

5d•$200,000 - $290,000

About The Position

Perform risk analysis of proposed asset securitization facilities requiring Barclays commitment, whether for internal books or underwriting for distribution in financial markets. Review proposals and transaction structures, liaise with deal teams, participate in client engagement and due diligence, identify and analyse key risks, recommend compensating controls, review related documentation and models, and assess whether model assumptions capture key risks and support repayment profiles consistent with assigned risk ratings. Recommend approval or rejection and escalate where appropriate. Lead credit analysis of related client exposures when ABS facilities are the primary exposure, including direct corporate exposures such as revolving credit facilities and term loans, credit derivatives, and equity-backed loan commitments. The role includes credit sanctioning and approval of US ABS warehouse facilities and securitised products across consumer and non-consumer asset classes, as well as ongoing portfolio surveillance, stress testing, risk appetite monitoring, regulatory engagement, and risk-limit management. As a Director, manage a business function or act as an organisation-wide technical expert and thought leader. Contribute to strategic initiatives and policy, lead complex projects, provide expert advice to senior management and committees, and train, guide, and coach less experienced specialists. The role requires senior stakeholder and client engagement, sound risk and regulatory oversight, and leadership aligned with Barclays’ LEAD behaviours, Values, and Mindset.

Requirements

Expertise in credit risk analysis of asset-backed transactions in a senior decision-making capacity, gained at a rating agency, large bank, frequent ABS issuer, or large institutional ABS investor.
Demonstrated leadership in risk management at a large institution.
Risk decision-making background within a large organisation, such as a rating agency, large bank, institutional ABS issuer, or institutional ABS investor.
Competence in analysing transaction structures and cash flow modelling.
Experience reading transaction and legal documents.

Responsibilities

Own the quality, accuracy, robustness, and timeliness of credit risk analysis papers and obtain required approvals.
Sanction and approve 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.
Conduct transaction due diligence, including management meetings, sponsor and platform assessments, third-party audit reviews (AUPs), and collateral verification.
Own risk ratings, counterparty tiering, escalation decisions, and sanctioning authority recommendations under the SLF escalation framework.
Conduct ongoing surveillance of the US ABS portfolio, including utilisation, concentration risk, collateral performance, trigger breaches, and covenant compliance.
Perform portfolio stress testing and risk appetite monitoring, and report to governance forums including WCRMC, IBRC, and US regulatory reviews.
Produce and challenge portfolio reviews covering credit quality, diversification, utilisation, ratings accuracy, and emerging risk themes; contribute to portfolio reviews and internal risk discussions across teams.
Engage with regulators and oversight bodies such as the FRBNY and PRA, and internal audit; remediate findings and enhance control frameworks.
Assign risk limits in internal systems in a timely manner and monitor exposures.
Collaborate across teams on risk projects, share knowledge, and train junior analysts.
Manage a business function or sub-function and contribute to function-wide strategic initiatives, policies, and procedures.
Plan, manage, and consult on complex and critical strategic projects, potentially across the business.
Lead teams or organisation-wide projects, coach less experienced specialists, and support a performance culture aligned with business values.
Provide expert advice to senior functional management and committees and influence decisions beyond the function.
Coordinate resourcing, budgeting, and policy creation for a significant sub-function.
Escalate policy and procedure breaches, foster compliance, and ensure processes support regulatory adherence.
Monitor and, where appropriate, influence the external environment on behalf of Barclays, including regulators and advocacy groups.
Negotiate with and influence senior internal and external stakeholders; act as principal contact for key clients and counterparts and as a spokesperson for the function and business division.
Demonstrate Barclays’ LEAD behaviours (Listen and be authentic, Energise and inspire, Align across the enterprise, Develop others), Values (Respect, Integrity, Service, Excellence, Stewardship), and Mindset (Empower, Challenge, Drive).