# Model Risk Management- BA3 **Company**: Barclays **Location**: Noida, Candor TechSpace **Work arrangement**: onsite **Experience**: senior **Job type**: full-time **Category**: Finance **Industry**: Finance **Apply**: https://barclays.wd3.myworkdayjobs.com/en-US/External_Career_Site_Barclays/job/Noida-Candor-TechSpace/Model-Risk-Management-BA3_JR-0000129936-1?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply **Canonical**: https://yubhub.co/jobs/job_fc5372ce-aa0 ## Description We are seeking a Model Risk Management- BA3 to join our team at Barclays in Noida. The purpose of this role is to validate and approve models for specific usages, both at inception and on a periodic basis, as well as conducting annual reviews. **Accountabilities** - Validate models for their intended use and scope, commensurate with the complexity and materiality of the models. - Approve or reject a model or usage based on assessment of the model's conceptual soundness, performance under intended use, and the clarity of the documentation of the model's inherent risks, limitations, and weaknesses. - Assess compensating controls used to mitigate Model risk. - Document validation findings and recommendations in clear and concise reports, providing actionable insights for model improvement. - Evaluate the coherence of model interactions and quality of Large Model Framework aggregate results that generate output for regulatory submissions or management decision-making and planning. - Design the framework and methodology to measure and quantify model risk, including the assessment of framework-level uncertainty. **Analyst Expectations** - Meet the needs of stakeholders/customers through specialist advice and support. - Perform prescribed activities in a timely manner and to a high standard. - Have responsibility for specific processes within a team. - Lead and supervise a team, guiding and supporting professional development, allocating work requirements, and coordinating team resources. - Demonstrate leadership behaviors to create an environment for colleagues to thrive and deliver to a consistently excellent standard. - Manage own workload, take responsibility for implementing systems and processes within own work area, and participate in projects broader than direct team. - Execute work requirements, collaborating with and impacting on the work of closely related teams. - Check work of colleagues within the team to meet internal and stakeholder requirements. - Provide specialist advice and support pertaining to own work area. - Take ownership of managing risk and strengthening controls in relation to the work owned or contributed to. - Maintain and continually build an understanding of how all teams in the area contribute to the objectives of the broader sub-function. - Continually develop awareness of the underlying principles and concepts on which the work within the area of responsibility is based. - Make judgments based on practice and previous experience. - Assess the validity and applicability of previous or similar experiences and evaluate options under circumstances not covered by procedures. - Communicate sensitive or difficult information to customers. - Build relationships with stakeholders/customers to identify and address their needs. **Basic/ Essential Qualifications:** - Highly numerate, as demonstrated by an Honours degree, Masters, or similar in a quantitative subject such as Mathematics, Physics, Operational Research, Economics, or Finance. - Proficient knowledge of coding in Excel-VBA/R/SQL/C++/Python or equivalent language. - Good communication and influencing skills, ability to produce high-quality written communication for technical and non-technical audiences. - Highly organized in terms of documentation and follow-through. - Experience in Data understanding/handling and manipulations, data control, and its importance. - Awareness of reporting and Data Visualization tools. - Ability to think strategically and focus on the whole portfolio of MRM activities. **Desirable skillsets/good to have:** - Bachelor's in quantitative fields, such as Mathematics, Physics, Operational Research, Finance, and Economics. - Relevant experience in Model validation, Data Analytics, Banking & Finance, Python, Qlik & Tableau. - Ability to work in a high-performing team and liaise with others in a diverse team. - Beyond risk management, knowledge in financial projection, algorithm design. **Risk and Control Objective:** - Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework, and internal Barclays Policies and Policy Standards. ## Skills ### Required - Mathematics - Physics - Operational Research - Economics - Finance - Excel-VBA - R - SQL - C++ - Python - Data Analytics - Data Visualization ### Nice to have - Qlik - Tableau - financial projection - algorithm design --- Source: [Apply at barclays.wd3.myworkdayjobs.com](https://barclays.wd3.myworkdayjobs.com/en-US/External_Career_Site_Barclays/job/Noida-Candor-TechSpace/Model-Risk-Management-BA3_JR-0000129936-1?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)