Credit Risk Model Owner Team Senior Analyst

Barclays UK; Glasgow; On-site; GBP 50,000 - 80,000; Full time

Job summary

Join a leading company as a Credit Risk Model Owner Team Senior Analyst, where you will manage key wholesale credit risk models and lead change projects to meet regulatory standards. You will work alongside various departments to ensure effective model management while developing your skills in a collaborative environment. This role is perfect for someone with a strong quantitative background, adept at problem-solving and stakeholder management.

Qualifications

• Experience in developing or validating models, preferably in wholesale credit.
• Strong understanding of Wholesale Credit Risk.
• Familiarity with statistical models such as linear and logistic regression.

Responsibilities

• Lead activities across the credit risk IRB model replacement program.
• Manage change projects ensuring compliance with regulatory requirements.
• Communicate project progress to stakeholders and manage project budgets.

Skills

Communication

Problem Solving

Statistical Analysis

Stakeholder Management

Education

Quantitative Degree (e.g., Mathematics, Statistics)

Job description

Join us as a Credit Risk Model Owner Team Senior Analyst .

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 Credit Risk Model Owner Team Senior Analyst 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 Credit Risk Model Owner Team Senior Analyst, 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.

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: Glasgow

Purpose of the role

To manage change projects that help the organisation achieve its strategic objectives, while ensuring that projects are delivered on time, within budget, in control and in compliance with regulatory requirements and internal policies and procedures.

Accountabilities

• Management of change projects within the organisation, ensuring that they are delivered on time, within scope, budget, and to the required quality standards.
• Development and management of project plans that outline the scope, objectives, timelines, and resource requirements for change projects.
• Communication with stakeholders, including senior management, project teams, and external partners, to ensure that they are informed about project progress and that their needs and expectations are being met.
• Management of project teams, ensuring that they are properly resourced and that they have the necessary skills and expertise to deliver on project objectives.
• Management of project budgets, ensuring that projects are delivered within the agreed budget.
• Creation of reports on project progress to ensure that proposed solutions are delivered on time and within budget.
• Management of project risks, ensuring that risk, assumptions, issues and dependencies are identified, assessed, and mitigated as necessary.
• Facilitation of change management activities, including training and communication, to ensure that change projects are successfully implemented and embedded in the organisation.
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

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.

About the company

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