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Pensions Capital VP

senior · Risk & Compliance

Job Description

Purpose of the role

To optimise the bank's capital structure to support its growth objectives, manage risk exposure, and comply with regulatory requirements by analysis of bank's capital position, development of capital allocation strategies, and ensuring that the bank maintains adequate capital levels under various economic scenarios.  

Accountabilities

• Development and implementation of strategies to manage the bank's capital position, including setting of capital targets, development of capital plans, and monitoring of capital adequacy.
• Optimisation of the bank's capital structure to support the bank's growth and profitability objectives, including management of the bank's exposure to regulatory capital requirements.
• Allocation of capital to business units and projects based on risk-adjusted returns and other financial metrics.
• Preparation and provision of regular reports on the bank's capital position, capital allocation decisions, and stress testing results to senior colleagues, risk committees, and regulatory authorities, and effective communication of capital management strategies and risk considerations to relevant stakeholders.

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 Pensions Capital Vice President is a key member of the Pensions Capital Management Centre of Excellence within the Capital and Leverage Management team, responsible for analysing and managing the capital implications of Barclays Group’s pension obligations across both UK and international regulated entities. The role supports the effective capitalisation of the Group by assessing financial and actuarial risks associated with defined benefit pension schemes, contributing to the development of financial assumptions, and performing advanced risk modelling including stress testing and VaR calculations for ICAAP. The individual will play an active role in supporting trustee consultations, triennial valuations of the UK Retirement Fund, and ongoing engagement with internal and external stakeholders such as actuaries, investment managers, and auditors. In addition, the VP will help drive pensions-related projects and initiatives, while maintaining robust governance across pension risk models, ensuring compliance with regulatory standards, controls, and internal policies.

To be successful as a Pensions Capital VP, you should have the following experience:

• Experience in treasury, finance, markets/trading, or market risk management or pensions, including exposure to actuarial concepts
• Understanding of capital frameworks, with exposure to structuring concepts
• Ability to analyse complex problems, learn new concepts, and communicate with a range of stakeholders
• University degree or equivalent practical experience

Some other highly valued skills may include:

• Knowledge of market risk methodologies, including VaR, stress testing, and sensitivity analysis, and familiarity with fixed income and other asset classes
• Understanding of retail and wholesale banking business models and associated capital implications
• Experience assessing and managing capital impacts across multiple legal entities and at a Group level
• Progress toward or completion of a CFA, FRM, accounting, or actuarial qualification

You may be assessed on the 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.

This role is located in our London office.