Model Factory IVU, AVP

Join us as a Model Factory IVU Senior 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.

­­­­­­­­­­­­­­­This is a Model Factory IVU Senior role in Model Risk Management (MRM). MRM reports directly to the Group Chief Risk Officer and responsible for the identification, assessment, monitoring and management of model risk within Barclays.  Model risk is the potential for adverse consequences from decisions based on incorrect or misused model outputs. The MRM function’s mandate is to independently and actively manage model risk globally in line with the bank’s risk appetite. Key responsibilities of this role include:

To be successful Model Factory IVU Senior you should have experience with:

• Someone who has prior experience in Model Validation/ Model Development role
• Someone who has worked in areas like Treasury, IRRBB, Liquidity, Credit, and Market Risk.
• Ability to understand Risk and/or banking products and explain them at a high level (preferably Market Risk/Treasury/Capital/Liquidity planning).
• Strong communication skills. Can produce concise, organized, and thoughtful presentations for technical and non-technical audiences.

Some highly values skiils may include:

• Project Management – Ability to run projects independently and has a grasp of PM concepts and best practices.
• Experience of or exposure to either Technology or Data Science: Ability to understand, discuss, design, and implement solutions.
• Communication - Strong communication skills to produce concise summary for technical and non-technical audiences.
• Strong stakeholder management
• Very good with report writing
• Preferred qualifications – CA, MBA, Economics or Engineering.
• Experience with Project Management tools (JIRA, MS Project) and the MS Suite (Word, Excel, PPT, Project, Visio and SharePoint skills)

You may be assessed on essential skills relevant to succeed 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. 

Job location of this role is Noida.

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 model’s conceptual soundness, performance under intended use and the clarity of the documentation of the model’s 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.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• 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 will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• 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.