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Credit Risk Validation

London, England

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Credit Risk Validation

London, England

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Date live: Apr. 19, 2024

Business Area: COO & Functions

Area of Expertise: Risk and Quantitative Analytics

Reference Code: 90384898

Contract: Permanent

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Credit Risk Validation
London

As a Barclays Credit Risk Validation, you will conduct model validation analysis for a wide range of IRB and IFRS9 models and other model validation efforts. This is an opportunity to apply your expertise as a key member of the team, where your work will be crucially important for daily business management of the Barclays Group and its legal entities as well as to meet important regulatory requirements with respect to independent validation of these frameworks.


Barclays is one of the world's largest and most respected financial institutions, established in 1690, with a legacy of success, quality, and innovation. We offer careers that provide endless opportunity – helping millions of individuals and businesses thrive, and creating financial and digital solutions that the world now takes for granted.


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.

What will you be doing?

•    Performing technical analysis of AIRB and IFRS9 Wholesale Credit Risk models, data analyses and benchmarking
•    Supporting other model validation efforts in MTP, IST, ICAAP and BoE stress testing frameworks
•    Building challenger models (if needed) to support the validation review and challenge process 
•    Producing high quality model validation reports, with a particular focus on noting limitations, weaknesses and assumptions
•    Conducting self-study of developments in modelling and validation techniques to ensure subject matter expertise
•    Contributing to internal and external technical presentations to enhance the team development
•    Supporting the team lead in key interface with owners of models, providing challenge as appropriate
•    Ensuring that the team provides high quality input and guidance to modellers across the bank to achieve consistency of standards and compliance with requirements

What we’re looking for:

•    Numerate degree, Masters or PhD (or similar) in a quantitative subject such as Mathematics, Physics, Operational Research, Economics, or Finance
•    Knowledge and understanding of CRD IV and familiarity with the IFRS9 ECL estimation framework
•    Significant experience of coding in R/SQL/C++/Python or equivalent language, including handling large datasets and writing functions
•    Good communication, interpersonal, and influencing skills, ability to produce high quality written communication for technical and non-technical audiences


Skills that will help you in the role:

•    Ph.D./MSc in quantitative fields, such as Mathematics, Statistics, Finance, and Economics 
•    Relevant experience in either model development or in model validation
•    Ability to work in a high performing team, and the ability to collaborate with others in a diverse team
•    Beyond risk management, knowledge and understanding of financial projection, capital management and treasury


Where will you be working?

In the heart of Canary Wharf, our headquarters at Churchill Place boasts onsite amenities such as; a gym, staff restaurant and deli bar, and is easily accessible by tube and bus links. With a population of around 5000 staff the atmosphere is second to none with a real buzz being created around the offices within.




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More about working at Barclays

We're committed to providing a supportive and simplified experience for our candidates throughout the application and assessment process. Here, you will find information about what to expect and some guidance around your assessment and interview.

While the application process depends on the role, there are some constant steps, which are;

Step 1 - Your application
Step 2 - Your assessment
Step 3 - Your interview
Step 4 - Next steps

We aim to create an inclusive work environment where everyone can reach their full potential. If you require any adjustments to our recruitment process, please click here to learn more.

Find out more information here.

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.

OWe are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

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.

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