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Date live: Apr. 19, 2024

Business Area: COO & Functions

Area of Expertise: Risk and Quantitative Analytics

Reference Code: 90380950

Contract: Permanent

Job Title : AVP Validation
Location: Noida

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:

Successfully balance the following responsibilities: 

•    Provide independent review (IR) and challenge of all quantitative and qualitative processes categorized as models (Liquidity Risk and Funding, other Treasury models, Operational Risk, Stress Test etc.) 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 and gain business and regulatory insights


What will you be doing?

1.    Independent review and challenge [80%] 

a.    Work on independent review of models across different spectrum of retail and wholesale portfolios
i.    Liquidity Risk and Funding models. These models are used for liquidity buffer management, focused on measuring liquidity required and available funding in regulatory-prescribed or internal scenarios. 
ii.    Operational Risk models: Models leveraged for projection of Operational Risk losses.
iii.    Stress Test Models –Internal Stress Test, Prudential Regulation Authority (PRA) or Bank of England (BoE) Stress Test 
iv.    Diverse Banking Portfolios - for different banking products e.g. Wholesale (Corporate and Investment Bank) and Retail portfolios (Credit Card, Home loan etc.).

b.    Perform technical analysis and/or build alternative benchmarks to new and existing models, in line with the requirements set out in the bank’s standards and policies. 

c.    Produce high quality model validation reports, with a particular focus on noting limitations, weaknesses and assumptions 

d.    Wholesale portfolio knowledge 

2.    Governance and Reporting [20%] 

a.    Support the development and review conformance with appropriate policies (e.g. Group Model Risk policy), standards and procedures.


What we’re looking for:

•    Highly organised in terms of documentation and follow through.
•    Sharp focus on gaps/issues identification and passionate about problem solving
•    Good communication and influencing skills, ability to produce high quality written communication for technical and non-technical audiences.

Skills that will help you in the role:

•    Experience in a modeller/validator role in the Wholesale industry preferably in the liquidity/operational risk domain
•    Strong analytical 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.)  
•    Good understanding of banking environment and wholesale portfolios.  
•    Ability to work in a high performing team, and the ability to work and liaise with others in a diverse team

Education
•    Masters in Statistics, Mathematics, Finance, Economics, Operational Research, Physics

Where will you be working?
Noida


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.

More about working at Barclays

The Barclays Way

This is the spirit of Barclays. It’s why we exist, what we believe and how we behave. But most importantly, it’s how we make decisions, take action and get things done.

Learn more

Purpose

Working together for a better financial future.

Values

We believe great talent RISES. It acts with Respect, Integrity, Service, Excellence and Stewardship.

Mindset

We discover our full potential through our desire to Empower, Challenge and Drive each other.