Credit Risk Validation London, England
Job description
Credit Risk Validation Manager
London
As a Barclays Credit Risk Validation Manager, you will have an exciting opportunity to be responsible for being model validator for a wide range of IRB and IFRS9 models as well as supporting other model validation efforts in MTP, IST, ICAAP and BoE stress testing frameworks. These models/frameworks are crucially important for daily business management of the Barclays Group and its legal entities as well as to meet 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.
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?
- Performing technical analyses of AIRB and IFRS9 Wholesale Credit Risk models, data analyses, benchmarking, build challenger models
- Supporting the validation review and challenge process
- Producing high quality model validation reports, with a particular focus on noting limita-tions, weaknesses and assumptions
- Supporting team lead in key interface with owners of models
- Contributing to ensuring that the MRM team provides high quality input and guidance to modellers across the bank to achieve consistency of standards and compliance require-ments
- Ensuring open, transparent, proactive and timely interaction with major stakeholders, sub-ject matter experts, model owners and developers
- Being responsible for ensuring that the Group Model Risk Policy, and supporting Standards are upheld
What we’re looking for:
- Highly numerate, as demonstrated by Honours degree, Masters or PhD (or similar) in a quantitative subject such as Mathematics, Physics, Operational Research, Economics, or Fi-nance
- Knowledge of CRD IV and familiarity with the IFRS9 ECL estimation framework
- Significant experience of coding in R/SQL/C++/Python or equivalent language, including handling large datasets and writing functions
- Good communication and influencing skills, ability to produce high quality written commu-nication for technical and non-technical audiences
- Ph.D./MSc in quantitative fields, such as Mathematics, Statistics, Finance, and Economics
- Relevant experience in either model development or in model validation
- Ability to work in a high performing team, and the ability to work with others in a diverse team
- Beyond risk management, knowledge in financial projection, capital management and treasury
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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