Portfolio Risk Oversight VP

Barclays•Wilmington, NC

3d•Onsite

About The Position

The purpose of the role is to manage and optimize the bank's overall credit risk exposure by monitoring, analyzing, and reporting on the creditworthiness of its lending portfolio. This involves monitoring the financial performance and risk profile of the entire lending portfolio, including individual borrowers, sectors, and geographic regions. Analysis of credit trends, identification of early warning signs of potential borrower issues, and assessment of the impact of economic and market developments on the portfolio are key. The role also involves the development and utilization of quantitative models and risk forecasting tools to measure and predict potential credit losses, performance of portfolio stress testing exercises, and definition and setting of portfolio, segment, and customer risk appetite, policy, and limits, while overseeing first-line execution within these parameters. Specifically, this role provides independent second-line oversight and challenge across retail credit risk, stress testing, risk appetite, and climate risk for U.S. Consumer Bank portfolios. Responsibilities include leading oversight of retail lending and credit card portfolio stress testing, reviewing credit-loss forecasts and portfolio risk outcomes, ensuring alignment with capital-planning and governance requirements, overseeing risk appetite limits, integrating climate-related considerations into retail risk frameworks, and delivering clear, decision-focused reporting to senior leadership and risk committees. This is an opportunity to apply expertise in retail banking, retail credit risk, forecasting, impairment modeling, and portfolio analytics while strengthening controls and strategic decisions supporting the consumer banking business.

Requirements

Experience in stress testing, risk forecasting, impairment modelling, or portfolio risk management
Understanding of CECL, IFRS 9, credit loss frameworks, scenario design, and stress testing methodologies
Experience in risk appetite, limit setting, portfolio monitoring, and governance reporting
Strong analytical capability, including proficiency with SAS, Python, SQL, Excel, or similar analytical tools
Proven ability to challenge models, assumptions, methodologies, results, and management overlays
Experience working in regulatory, audit, or control environments, including exposure to FRB, FDIC, CCAR, PRA, or internal audit expectations

Nice To Haves

Experience with Mandate & Scale or Risk Appetite frameworks
Exposure to climate risk analysis or scenario integration
Knowledge of US consumer lending portfolios (cards, unsecured lending)
Experience interacting with senior governance forums / committees

Responsibilities

Monitoring the financial performance and risk profile of the entire lending portfolio, including individual borrowers, sectors, and geographic regions.
Analysis of credit trends, identify early warning signs of potential borrowers' issues, and assess the impact of economic and market developments on the portfolio.
Development and utilisation of quantitative models and risk forecasting tools to measure and predict potential credit losses.
Performance of portfolio stress testing exercises to assess the impact of various economic and market scenarios on the portfolio's risk profile.
Definition and setting of portfolio, segment and customer risk appetite, policy and limits.
Overseeing first line execution within these parameters.
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.
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.
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.
Provide independent second-line oversight and challenge across retail credit risk, stress testing, risk appetite, and climate risk for our U.S. Consumer Bank portfolios.
Lead oversight of retail lending and credit card portfolio stress testing.
Review credit-loss forecasts and portfolio risk outcomes.
Ensure alignment with capital-planning and governance requirements.
Oversee risk appetite limits.
Integrate climate-related considerations into retail risk frameworks.
Deliver clear, decision-focused reporting to senior leadership and risk committees.