Job
Description
Embark on a transformative journey as a Risk Model Validation at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence
You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences
As a part of Risk Model Validation, you would be reviewing the stress testing models in the Trading Risk Independent Validation team of the bank
To be a successful Risk Model Validation you should have experience with:
Academics / Education postgraduate in a quantitative discipline, for example mathematics, physics, quantitative finance, or quantitative field
Experience in mathematical skills, including in probability, statistics, differential and integral calculus, linear algebra, stochastic calculus, and numerical methods;
Strong Experience on programming skills in languages / packages such as Python, C++, or Matlab
Some Other Highly Valued Skills May Include
The ideal candidate will have proven ability to understand several traded risk modelling approaches, including models for VaR, PFE and initial margin, and their strengths and weaknesses
Exposure to the knowledge around the financial products pricing and fundamentals is a plus
Exposure to the stress testing frameworks like IST or CCAR would be an added advantage
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
The role is based out of Noida location
Purpose of the role
To validate and approve models for specific usages both at inception and on a periodic basis, and of model changes, as well as conducting annual reviews
Accountabilities
Validation of models for their intended use and scope, commensurate with the complexity and materiality of the models
Approval or rejection of a model or usage based on assessment of the models conceptual soundness, performance under intended use and the clarity of the documentation of the models inherent risks, limitations and weaknesses
Assessment of any compensating controls used to mitigate Model risk
Documentation of validation findings and recommendations in clear and concise reports, providing actionable insights for model improvement
Evaluation of the coherence of model interactions and quality of Large Model Framework aggregate results that generate output for regulatory submissions or management decision making and planning
Design of the framework and methodology to measure and, where possible, quantify model risk, including the assessment of framework level uncertainty
Analyst Expectations
To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement
Requires in-depth technical knowledge and experience in their assigned area of expertise
Thorough understanding of the underlying principles and concepts within the area of expertise
They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources
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 develop technical expertise in work area, acting as an advisor where appropriate
Will have an impact on the work of related teams within the area
Partner with other functions and business areas
Takes responsibility for end results of a teams operational processing and activities
Escalate breaches of policies / procedure appropriately
Take responsibility for embedding new policies/ procedures adopted due to risk mitigation
Advise and influence decision making within own area of expertise
Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to
Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct
Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function
Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function
Make evaluative judgements based on the analysis of factual information, paying attention to detail
Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents
Guide and persuade team members and communicate complex / sensitive information
Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation
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
