Retail Model Validation
1 month ago
As a Barclays Model Validation Manager, you will be responsible for validating a wide range of models used in retail IRB, IFRS9, MTP, IST, ICAAP and BoE stress testing frameworks. These models/frameworks are crucially important for daily business managementof the Barclays Group and its legal entities. You will also meet important regulatory requirements with respect to validation of these frameworks.
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, globalcorporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.
We are an equal opportunity employer and we are opposed to discrimination on any grounds.
We are currently operating in a hybrid working environment, meaning that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Please discuss the detail of the working pattern optionsfor the role with the hiring manager.
**Hybrid Working**
Please discuss the detail of the working pattern options for the role with the hiring manager.
We're committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity forall our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers' and clients' needs. Whether you have family commitments or you're a carer, or whether you need studytime or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.
**What will you be doing?**:
- Performing technical analyses, data analyses, benchmarking and building challenger models (if needed) to support the validation review and challenge process
- You will be responsible for producing high quality model validation reports, with a particular focus on noting limitations, weaknesses and assumptions
- Contributing to internal and external technical presentations to enhance the team development
- Studying the developments in modelling and validation techniques
- Challenging others and being open to dispute as well as seeking direction on which issues are material
- Contributing to ensure that the MRM team provides high quality input and guidance to modellers across the bank to achieve consistency of standards and compliance
**What we're looking for**:
- Highly numerate with an Honours degree, Masters or PhD (or similar) in quantitative fields, such as Mathematics, Physics, Operational Research, Finance and Economics
- Significant experience of coding in R / SQL / C++ / Python or equivalent language, including handling large datasets and writing functions
- Relevant experience in either model development or in model validation
- Having further experience beyond risk management such as understanding of financial projection, capital management and treasury
**Skills that will help you in the role**:
- Good communication and influencing skills with the ability to produce high quality written communication for technical and non-technical audiences
- Highly organised in terms of documentation and follow through
- Ability to work in a high performing team
- Ability to work and liaise with others in a diverse team
**Where will you be working?**
In the heart of Canary Wharf, our headquarters at Churchill Place boasts onsite amenities such as; a gym, staff restaurant and deli bar, and is easily accessible by tube and bus links. With a population of around 5000 staff the atmosphere is second to nonewith a real buzz being created around the offices within.
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