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Model Risk Governance & Engagement

Noida, India

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Date live: 11/27/2024

Business Area: Risk

Area of Expertise: Risk and Quantitative Analytics

Contract: Permanent

Reference Code: JR-0000021578

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Barclays Risk

In Risk Barclays develops, recommends, and implements controls and cost-effective approaches to minimise Barclay's risks, identifies and analyses potential sources of loss to minimise risk and estimate the potential financial consequences of an occurring loss.

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Become part of a Model Risk Governance & Engagement team, where you'll provide first class support to the Group Head of Model Risk Management by guiding them through articulating and governing the key model risks across the firm. At Barclays, we’re not just evolving – we’re leading the way. Your role will hold the responsibility of supporting the enhancement, operation, and delivery of the Governance Reporting remit for the Group Head of MRM

 Key skills required for this role include,

  • Prior experience in governance and/or qualitative reporting role

  • Experience of operating within a Risk and/or Control environment

  • Good written and verbal communication skills Good facilitation skills, with ability to support and facilitate discussions with senior stakeholders.

  • Proficient in the use of the Microsoft Office Suite.

  • Ability to guide multiple deliverables in parallel.

Some other highly valued skills may include,

  • An understanding of Barclays organization structure.

  • Broader Risk or Enterprise Risk knowledge

  • Experience of Model Risk Management frameworks

  • Experience working with quantitative teams or highly technical subject matter experts.

You may be assessed on the key critical skills relevant for success 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.

This role is based in our Noida office.

Purpose of the role

To design frameworks, provide governance of model risk, controls, infrastructure and reporting as well as providing oversight for compliance of the Model Owner community with the Model Risk Management framework 

Accountabilities

  • The role holder with co-lead the Governance Reporting arm of the team, with responsibility for leading the enhancement, operation and delivery of the Governance Reporting remit for the Group Head of MRM.

  • Deliver high quality governance reporting for the Group Head of MRM across Board and Entity forums. This is not limited to Group/Entity Board Risk Committees, Risk Theme Forums and Risk Control Subcommittees.

  • Coordinate and deliver effective Model Risk governance committees, including the Group Model Risk Committee, Model Risk Forums, Model Risk Horizontal Control Forum and Model Connected Risk Forum.

  • Operation and running of the committees in compliance with Policy and Regulatory expectations.

  • Critical review of reporting inputs/papers and leading/shaping reports from scratch, ensuring quality written content & structuring of papers which are appropriate for the Board and senior management.

  • Leading and influencing enhancements to the governance reporting delivery and committee engagement, shaping and influencing the necessary changes and build out of new governance deliverables.

  • Deliver Model Risk Theme reporting, which feed into various forums and to Enterprise Risk.

  • Oversee compliance with BCBS239 expectations.

  • Providing direction and leadership to the more junior members of the team, overseeing the work of the Reporting AVPs.

  • Manage the delivery of supporting governance structures:

  • Reporting roadmaps, delivery planning and agenda setting across MRM-operated forums and various Group/Entity forums which MRM provide submissions to (over 20 governance bodies).

  • Coordinate and facilitate the Horizon Scanning Forum, which supports discussion on core themes and risks across the Model Risk landscape, and feeds into agenda setting.

  • Manage Governance checklists, ensuring that we maintain compliance with all mandatory requirements.

  • Analytics and negotiation of new/amended governance, to ensure continued compliance with Regulation, Policy and Committee Terms of Reference.

  • Ad-hoc and planned reporting and analytics (e.g. analytics based on data from the Group Model Database to support assessments and trend analysis to committees, SS1/23 analytics)

  • Process documentation and continuous improvement initiatives to strengthen the overall governance, reporting and engagement framework.

  • Supporting Audit, Conformance and Regulatory responses.

  • Support the wider Model Risk Governance and MRM team on ad-hoc deliverables, queries and analytics. This may include supporting the Engagement arm of the team, which delivers internal training and governance document refreshes.

Vice President Expectations

  • Experience in a prior governance and/or qualitative reporting role

  • Strong written communication skills, with prior experience in shaping and structuring qualitative communications to Senior Management and/or the Board

  • Strong stakeholder management, with proven ability to collaborate with and challenge stakeholders at all levels of seniority

  • Strong verbal communication and facilitation skills, with ability to lead and facilitate discussions with senior management (e.g. Horizon Scanning Forum)

  • Leadership and Influencing skills with analytical thinking to effectively review, synthesise and interrogate information

  • Highly organised and proactive with an ability to manage multiple deliverables in parallel

  • Excellent attention to detail and comfortable working in a dynamic environment

  • Proficient in the use of the Microsoft Office suite

  • Experience of operating within a Risk and/or Control environment

  • An understanding of the Barclays organisation structure and knowledge of Broader Risk or Enterprise Risk.

  • Experience of Model Risk Management framework and working with quantitative teams or highly technical subject matter experts

  • Experience of operating within a change management role and prior line management experience

  • An understanding of the Barclays Control Framework

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.

Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review Adjustments to the recruitment process.

We’re a global, vital and highly respected financial organisation with an inspiring Purpose. Operating in 39 countries and employing around 100,000 people across the world, we help communities, individuals and businesses thrive. And we’ve created financial solutions and technology that the world now takes for granted. A career with us can offer incredible variety, depth and breadth of experience, and the chance to learn from some of the best minds in technology and finance.

To find out more about Barclays' strategy please click 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.

We 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.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.

Learn more about Barclays locations

Across our campuses, we offer modern workspaces, collaborative areas, and state-of-the-art meeting rooms. Facilities include wellness rooms, on-site cafeterias, fitness centers, and tech-equipped workstations. Designed for innovation and comfort, they support a dynamic and productive work environment.

Gain access to wellness rooms, gyms and mental health support.

Our welcoming and inclusive culture supports you to bring your whole self to work, explore your potential and pursue your passions.

Modern spaces designed for teamwork and brainstorming.

There’s so much more than work to involve and engage you on campus. From socialising to sports, from community events to volunteering.

Learn more about Barclays locations

Across our campuses, we offer modern workspaces, collaborative areas, and state-of-the-art meeting rooms. Facilities include wellness rooms, on-site cafeterias, fitness centers, and tech-equipped workstations. Designed for innovation and comfort, they support a dynamic and productive work environment.

Health and wellness

Gain access to wellness rooms, gyms and mental health support.

A place where you can belong

Our welcoming and inclusive culture supports you to bring your whole self to work, explore your potential and pursue your passions.

Collaborative Areas

Modern spaces designed for teamwork and brainstorming.

More than work

There’s so much more than work to involve and engage you on campus. From socialising to sports, from community events to volunteering.

Be you. Be valued. Belong.

We celebrate the unique perspectives and experiences each individual brings, believing our differences make us stronger and drive success. Our colleague networks offer connection, support, and growth, while our "This is Me" series shares the unique stories of our colleagues. Committed to diversity, equity, and inclusion, Barclays values you for who you are and ensures you truly belong.

You can learn more about our commitment to our colleague on our DE&I page.  

Learn more

Application Process

Your application

We’ll ask for information about you, your CV and cover letter.

1

Your assessment

Covering your behaviours and ability at work.

2

Your interview

Exploring your past experiences and skills.

3

Next step

We’ll request additional information so that you can complete our screening process

4
How to ApplyRead our FAQ's
Barclays

Working flexibly

We’re committed to providing an inclusive culture and environment, that 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.

Our approach to working flexibly is designed to support you to balance your life and to accommodate diverse needs, whilst still allowing us to meet our business needs. If you’d like to request a flexible working arrangement, please discuss this with your hiring manager.

Hybrid working: Our approach to hybrid working ensures there’s the right balance of working alongside colleagues at our onsite locations, as required for each role. For business areas that offer a hybrid working experience, this will be in a structured way, where colleagues work at an onsite location on fixed, ‘anchor’, days of the week. Some roles may require full onsite working. Please discuss the working pattern requirements for the role you are applying for with the hiring manager.

We continue to embed and review our hybrid working environment and remain in a phase of testing and learning. This means that working arrangements could change, with reasonable notice, to align with the needs of our business.

Barclays is built on an international scale.

Our geographic reach, our wide variety of functions, businesses, roles and locations reflect the rich diversity of our worldwide customer base. All of which means we offer incredible variety, depth and breadth of experience.
And the chance to learn from a globally diverse mix of colleagues, including some of the very best minds in banking, finance, technology and business. Throughout, we’ll encourage you to embrace mobility, exploring every part of our operations as you build your career.

Find more information

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