Model Validation

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What will you be doing?

Barclays Services Corp. seeks Model Validation, AVP in New York, NY (multiple positions available):

• Completing independent validation of models supporting Barclay’s U.S. funding and liquidity management, asset and liability risk management, capital planning (CCAR), and other models used in the U.S.
• Performing computational and statistical analysis to test validity of assumptions, mythologies, and model outcomes performance
• Assessing severity of risk posted by model weakness or limitations, and the effectiveness of compensating controls
• Ensuring the quality of validator data in the Group Model Database
• Ensuring that the Model Risk Policy, Model Risk Standards and other relevant requirements are upheld
• Preparing analysis and communication of model risk findings to internal stakeholders and regulators
• May telecommute

Salary / Rate Minimum/yr: $143,000
Salary / Rate Maximum/yr: $156,000

This position is eligible for incentives pursuant to Barclays Employee Referral Program.

Purpose of the role

To verify the accuracy, reliability, and soundness of the bank's analytical models by independently validating and assuring the quality of models. 

Accountabilities

• Development and implementation of validation plans for new and existing models.
• Preparation of model documentation that clearly explains the model's methodology, assumptions, limitations, and risks.
• Development and implementation of ongoing monitoring frameworks to ensure continued model accuracy and effectiveness, ensuring appropriate controls and governance in place.
• Analysis and assessment of the model's accuracy, performance, and compliance with regulatory requirements.
• Performing back testing and stress testing to assess model robustness under different conditions.

Assistant Vice President Expectations

• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders 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.