Purpose of the role
To design, develop, implement, and support mathematical, statistical, and machine learning models and analytics used in business decision-making
Accountabilities
Vice President Expectations
All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.
Join us as a Model Owner Delegate - VP. The role requires close collaboration with the Model Owner and the heads of various departments including Credit Risk, Quantitative Analytics, Front Office and Technology to manage our extensive and highly material suite of wholesale credit risk models (PD, EAD, LGD) ensuring that both the business and regulatory risk arising from these models and associated systems are effectively controlled and the models perform as required. The successful applicant will lead selected activities across our multi-year wholesale credit risk IRB models replacement programme as well as supporting the Model Owner by taking ownership of day to day aspects of managing our current inventory of credit models.
Some responsibilities, you will have as a Model Owner Delegate - VP are:
Working with the Model and Rating System Owners and other key partners to deliver new IRB models and associated systems, in line with commitments made to the regulator(s).
Managing and maintaining the current model inventory in line with Model Risk Policy, including presenting at senior models and rating system related committees.
Keeping abreast with regulatory developments, proactively responding to any implications for IRB modelling.
Sponsoring/supporting other non-model, business change projects that may impact the firm’s IRB Permissions.
Developing and maintaining a strong network and close working relationships with key stakeholders across the BI businesses and also with the functional areas, to ensure best in class and consistent approaches are used across the firm.
The ideal candidate should have a quantitative academic and/or a professional background with suitable and directly relevant experience in developing or validating empirical models (ideally in wholesale credit context), and understand the business portfolios within which those models are used.
To be successful as a Model Owner Delegate - VP, you should have experience with
Excellent written and verbal communication skills, able to digest and convey complex information effectively.
Proven problem solving, self-motivation and decision-making skills, able to break down complex issues and think creatively to deliver practical solutions
A working knowledge of statistical models such as linear and logistic regression and associated statistical tests, gained through suitable experience in prior roles managing/developing related models.
Strong understanding of the fundamentals of Wholesale Credit Risk and the Internal Ratings Based approach to RWA measurement.
Strong managerial and collaborative skills, inspiring and encouraging personal excellence within and outside the team.
Post Graduate or Masters degree required.
You may be assessed on key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.
Location: Mumbai.
Barclays is a British universal bank. Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients and communities.
With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP.
