Director, WCR Model Ownership and Control (IRB and Stress Testing)

Overall purpose of role

The role is primarily to act as the Model Control Officer, responsible for the management and oversight of Model Risk across BI Risk and TECR, running models governance forums and acting as liaison with Model Risk Management to ensure Model Risk Policy and associated Standards are implemented and operating effectively.

The role-holder will also act as local People Leader in India, for all locally employed colleagues across the Wholesale Credit Risk Model Ownership and Control area, actively engaging and supporting on IRB and Stress testing related workstreams. As a senior member of the team, the role-holder should also work closely with other leaders across the firm, in order to shape and drive continuous improvement initiatives.

Key Accountabilities

• Working with the Model Owners across BBPLC Risk and TECR, coordinating regular returns (eg model inventories), Key Performance Indicator reporting / escalation, running models governance committees and acting as Principle Point of Contact on Model Risk matters more generally, including leading/driving regulatory related change (eg adoption of new PRA SS1/23 models governance requirements).
• Working in close partnership with the respective functional Directors for each area, lead and manage the offshore IRB, Stress Testing and MCO teams day to day, including formal line management and coaching activities.
• Developing and maintaining close working relationships with key stakeholders across the wholesale credit risk businesses (eg Credit Risk teams, QA, Technology), which support and/or partner with the team in delivering its objectives.
• Keeping abreast with regulatory developments and leading/supporting initiatives that have bearing on wholesale credit risk models and the wider rating system.

Stakeholder Management and Leadership

The role requires frequent interaction with stakeholders across the Investment Banking and Corporate businesses and other Functional areas. The role-holder should have the capacity to engage effectively at all levels within the organisation.

The role is responsible for line-managing team members and therefore the role-holder should also exhibit strong leadership within the team, including the setting and management of team objectives, and supporting the learning and development of direct reports and the wider team.

Decision-making and Problem Solving

The candidate should be confident with both qualitative and quantitative concepts and have the capacity to think creatively. Given the scope and nature of the work within the team, the role-holder will need to digest and break down technical and complex information in order to reach effective conclusions and decisions.

Person Specification

Given the Model Risk focus, particularly on governance principles and in leading a technical team, the ideal candidate should have a quantitative academic and/or a professional background with suitable and directly relevant experience in developing, managing or governing models, ideally in a wholesale credit context.

Essential Skills/Basic Qualifications:

• Excellent written and verbal communication skills, able to digest and convey complex information simply and effectively.
• Problem solving and decision-making skills, able to break down complex issues and think creatively to deliver practical solutions.
• Strong knowledge of Model Risk and associated model lifecycle.
• Strong leadership and collaborative skills, inspiring and encouraging personal excellence within and outside the team.

Desirable skills/Preferred Qualifications:

• Strong knowledge of the businesses, portfolios and context within which models are used.
• Good knowledge and experience in using project management methods and disciplines.

Familiarity with regulatory programmes related to IRB models and role of related regulators (PRA, ECB, Federal Reserve, EBA).

Purpose of the role

To design, develop, implement, and support mathematical, statistical, and machine learning models and analytics used in business decision-making

Accountabilities

• Design analytics and modelling solutions to complex business problems using domain expertise.
• Collaboration with technology to specify any dependencies required for analytical solutions, such as data, development environments and tools.
• Development of high performing, comprehensively documented analytics and modelling solutions, demonstrating their efficacy to business users and independent validation teams.
• Implementation of analytics and models in accurate, stable, well-tested software and work with technology to operationalise them.
• Provision of ongoing support for the continued effectiveness of analytics and modelling solutions to users.
• Demonstrate conformance to all Barclays Enterprise Risk Management Policies, particularly Model Risk Policy.
• Ensure all development activities are undertaken within the defined control environment.

Director Expectations

• To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business wide..
• They manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business. Or for an individual contributor, they lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
• Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
• Escalates breaches of policies / procedure appropriately.
• Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
• Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
• Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
• Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
• Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
• Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
• Negotiate with and influence stakeholders at a senior level both internally and externally.
• Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
• Mandated as a spokesperson for the function and business division.

All Senior 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.

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.