Skip to main content

Date live: Jan. 11, 2023

Business Area: COO & Functions

Area of Expertise: Internal Audit

Reference Code: 90357826

Contract: Permanent

Internal Audit - Model Risk VP
France, Paris

As a Barclays Internal Audit Model Risk VP, you will be working collaboratively across Barclays Internal Audit (BIA), while developing good, independent client relationships. You will be in charge of delivering BIA Audit Plan and managing BIA, which is responsible for providing independent, reliable, and timely assurance to the Board and executive management over the effectiveness of governance, risk management and control over current and evolving risks. With this, you will play a huge role in managing BIA.

Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality and innovation behind us. 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.

Working Flexibly
We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognizes 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 career, 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.

We are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. We’re flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. We also have a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances Please discuss the detail of the working pattern options for the role with the hiring manager

What will you be doing?
•    Guiding, reviewing and approving work carried out on audit assignments to ensure the scope of work is appropriate, controls are correctly identified, assessed and carried out
•    Writing high quality observations and audit reports (with input from the audit team)
•    Managing audit work to ensure that relevant risks and controls have been identified and appropriately assessed
•    Engaging with clients and stakeholders to seek clarification of exceptions found by the audit team, raising issues where appropriate 
•    Producing concise and insightful commentary and information for BIA wide reporting as well as for reporting provided to regulators 
•    Delivering a view on the effectiveness of controls to the relevant BIA Director/Managing Director (MD) and the business 
•    Collaborating and supporting the Director to define the appropriate coverage strategy and audit plan 
•    Delivering a view on the effectiveness of controls to the relevant BIA Director/Managing Director (MD) and the business 

What we’re looking for:
•    4+ years of combined quantitative undergraduate (Maths, Physics or Engineering) and/or postgraduate quantitative degree with a proven track of records
•    Experience in model testing or model development or validation role either in financial institutions with strong background in model risk, end-to-end model lifecycle
•    Background and practical knowledge of relevant regulatory environment including SR 11-7, SR 15-18, LCR, NSFR, CRR, or European equivalent requirements
•    Previous experience with data analytics and/or coding such as Python, SQL and other data science/machine learning techniques, model development or model testing

Skills that will help you in the role:
•    Post graduate degree in a quantitative field such as Financial Engineering, Computational Finance, OR 
•    Relevant professional qualifications/certifications such as CFA, FRM, CISA, CIA will be beneficial
•    Project management experience and ability to conduct complex work under pressure 
•    Practical knowledge of relevant regulatory environment and experience of driving audit strategy is desirable but not essential 

Where will you be working?
Dating from 1922, Barclays has a long established presence in France. Today, from our office in Paris we provide a full service Investment Bank offering to our local and global clients. Our integrated coverage model means we are able to provide our clients with access to deep expertise across sectors, regions and products. We deliver informed strategic advice, comprehensive financial solutions and risk management services, creating sophisticated strategies customised to meet our clients’ needs.

#LI-Hybrid


#LS-2021

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

We exist to provide responsible finance to people and business – but also a whole lot more.

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.