Non Traded Models, BA4

Join us as a " Non Traded Models, BA4" at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionise our digital offerings, ensuring unapparelled customer experiences.

The role will require you to provide independent review (IR) and challenge of all quantitative and qualitative processes categorized as models under the MRM framework to a high degree of depth, as required by and detailed in the Bank’s policies and standards. This role will be part of Group Risk IVU team. Provide input to/support the governance and reporting processes related to model risk management. Exposure/interaction with Model/Business Owners (e.g. wholesale portfolio) and gain business and regulatory insights.

To be successful as a " Non Traded Models, BA4 ", you should have experience with (Basic/ Essential Qualifications) :

• Experience as a modeller/validator in the retail or wholesale industry.
• Experience in Credit Risk, Stress Test, Climate Risk, ICAAP and/or Treasury domain.
• Experience in Capital/IFRS9/CCAR/Climate/ICAAP/IRRBB/Liquidity
• Strong analytical and problem-solving skills with experience in developing, validating and risk management of models.
• Expert user of Microsoft Excel and other Microsoft Office tools.
• Econometric and statistical knowledge (e.g. different regression like linear & logistic, Monte Carlo simulation, time series modelling etc.) 
• Sharp focus on gaps/issues identification and passionate about problem solving.
• Effective and Efficient stakeholder management.
• Good communication and influencing skills, ability to produce high quality written communication for technical and non-technical audiences.

Desirable skillsets/ good to have:

• Ability to work in a high performing team, and the ability to work and liaise with others in a diverse team.

You may be assessed on the key critical skills relevant for success in role, such as experience with credit risk / analysis / underwriting, as well as job-specific skillsets.

This role will be based out of 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.

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 team’s 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.