Model Risk Management- BA3

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.