AVP - Models Centre of Excellence

Job Title : AVP - Models Centre of Excellence
Location: Chennai

About Barclays
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, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective

Take ownership for managing risk and strengthening controls in relation to the work you do

Working Flexibly

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 for all 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 study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.  If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs.

Hybrid Working 

Structured hybrid role:    
At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home.  We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

Introduction:

The Models CoE framework provides model execution and results analysis capabilities for stress testing. Significant effort will be required to conduct the stress test and comply with requirements around the following:
•    Support model execution of assigned group wide stress testing models (including Climate reporting, CCAR, ACS, EBA) through periodic MI / KPI monitoring.
•    Support and enhance governance and process controls across stress testing models handled by Models CoE including RSCA, EUDA controls, control assurances, process reviews and remedial actions
•    Perform execution control and respond to queries from Audit, Regulators and Internal Controls.

What will you be doing?

•    Participate in governance forums. 
•    Maintain constant dialogue & engagement with various stakeholders including Production Oversight Committees, IT , QA and relevant project working groups.
•    Design and deliver adequate MI to support the assigned stress testing framework.
•    Optimize existing process workflows and improve efficiencies across Models CoE including early identification, communication and resolution of control failures
•    Interaction on model validation and model risk governance
•    Creating effective challenge framework.

What we’re looking for:

•    Bachelor of Science/Business Administration degree in Economics, Finance or Accounting
•    4-8 years of relevant experience

Skills that will help you in the role:

•    Strong written and verbal communication skills 
•    Sound understanding of financial statement analysis
•    Experience in building and maintenance of financial models on MS Excel, and the ability to crunch numbers from large datasets and produce actionable insights/analytics
•    Robust analytical and problem solving skills
•    Ability to work with multiple teams to drive business outcomes
•    Knowledge of investment banking products and markets
•    Post-graduate degree or equivalent in economics / accounting / finance / business administration
•    Basic understanding of Greenhouse Gas (GHG) emissions, and sourcing and bottom up aggregation of financed emissions across a portfolio of companies
•    Prior experience in developing / execution of stress testing models (especially balance sheet and/or income statement) in the banking industry
•    Understanding of key model risk management principles prescribed by global regulators
•    Hands-on experience in using tools such as Python, Alteryx, Tableau, Qlikview

Where will you be working?
Chennai


Be More at Barclays
At Barclays, each day is about being more – as a professional, and as a person. ‘Be More @ Barclays’ represents our core promise to all current and future employees. It’s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.

Purpose, Values and Mindset
We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.

Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.

Respect
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.
Integrity
We operate with honesty, transparency and fairness in all we do.
Service
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
Excellence
We champion innovation, and use our energy, expertise and resources to make a positive difference.
Stewardship
We prize sustainability, and are passionate about leaving things better than we found them.
Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.
Empower 
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
Challenge
Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.
Drive
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.