Director - Credit - Structured Lending & Financing ABS

About the role

Barclays New York is recruiting a Director of Credit for its Structured Lending and Financing ABS unit, within the Risk business area. The role covers risk analysis of proposed asset securitization facilities, including those requiring Barclays' commitment for internal books or underwriting for distribution in the financial markets. The position is permanent, based in Manhattan, with a stated annual salary range of $200,000 to $290,000.

Key responsibilities

• Analyse proposed ABS proposals, liaise with deal teams, take part in client due diligence, identify and analyse key risks, recommend compensating controls and review transaction structures, models and documentation
• Lead credit analysis of related exposures such as revolving credit facilities, term loans, credit derivatives and equity-backed loan commitments
• 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 and equipment leases
• Perform transaction due diligence, including management meetings, sponsor/platform assessments, third-party audit reviews and collateral verification
• Own risk ratings, counterparty tiering, escalation decisions and sanctioning authority recommendations under the SLF escalation framework
• Monitor the US ABS portfolio, run stress tests, report to governance forums and engage with regulators such as the FRBNY and PRA
• Manage a business function, lead a large team or sub-function, and advise senior management and committees

Required profile

• Expertise in credit risk analysis of asset-backed transactions in a senior decision-making capacity, with a risk decision-making background at a large institution
• Demonstrated leadership in risk management at a large institution
• Ability to manage a business function, lead a large team or act as a deep technical expert and thought leader
• Legal right to work in the US; the role may be subject to enhanced governance and additional regulatory obligations

Required skills

• Credit risk analysis of asset-backed transactions
• Analysis of transaction structures and cash flow modelling
• Reading transaction and legal documents