Retail Validation UK

Recruiter
Barclays
Location
London, United Kingdom
Salary
Competitive
Posted
24 Jul 2022
Closes
08 Aug 2022
Ref
16019661
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
As a Barclays Model Validation Manager you will be the main validator for a wide range of models used in A-IRB, IFRS9 and other predictive models used in various business decision making process/strategies etc. Your involvement in handling these models/frameworks will be key, as they are crucial for daily business management of the Barclays Group and its legal entities, as well as for meeting important regulatory requirements with respect to independent validation of these frameworks.

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.

What will you be doing?
• Performing technical analyses, data analyses, benchmarking and building challenger models (if needed) to support the validation review and challenge process
• Supporting the Team Lead in key interface with owners of models
• Timely project delivery and ensuring models meet all governance requirements
• Producing high quality model validation reports, with a particular focus on noting limitations, weaknesses and assumptions
• Studying developments in modelling and validation techniques
• Contributing to internal and external technical presentations to enhance the team's development

What we're looking for:
• Highly numerate, with an Honours degree or Master's degree in a quantitative subject, such as Mathematics, Physics or Operational Research, or equivalent
• Experience of coding in SAS/ R/ SQL/ Python or equivalent language, including handling large datasets and writing functions
• Good communication and influencing skills, and an ability to produce high-quality written communication for technical and non-technical audiences
• A highly organised individual in terms of documentation and follow-through

Skills that will help you in the role:
• Ph.D. in a quantitative field, such as Mathematics, Physics, Operational Research, Finance, or Economics
• Previous experience in model development, monitoring, model validation or a good understanding of model risk and assessment techniques, predictive modelling
• Ability to work in a high performing team, and the ability to work and liaise with others in a diverse team
• Beyond risk management, knowledge in financial projection, capital management, impairment etc.

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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