Credit Risk Validation

Barclays UK; London; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

Join a leading global financial institution as a Credit Risk Validation Manager. You will validate essential models for regulatory compliance and business management. This role offers a hybrid working model, allowing collaboration with diverse teams to ensure validation standards are met.

Benefits

Gym

Restaurant

Deli bar

Qualifications

• Highly numerate with an Honours degree, Masters, or PhD in a quantitative field.
• Knowledge of CRD IV and IFRS9 ECL estimation frameworks.

Responsibilities

• Performing technical analyses of AIRB and IFRS9 Wholesale Credit Risk models.
• Producing detailed validation reports highlighting limitations and assumptions.

Skills

Numeracy

Communication

Education

Honours degree in a quantitative field

Masters or PhD in Mathematics, Physics, Operational Research, Economics, or Finance

Tools

R

SQL

C++

Python

Job description

As a Barclays Credit Risk Validation Manager, you will be responsible for validating a wide range of IRB and IFRS9 models, supporting other validation efforts in MTP, IST, ICAAP, and BoE stress testing frameworks. These models are essential for daily business management and regulatory compliance for Barclays Group and its entities.

Barclays is a leading global financial institution with a rich history of 329 years, offering careers that foster growth and innovation, helping individuals and businesses thrive through innovative financial and digital solutions.

We offer a hybrid working model, combining onsite presence at our locations with remote work, with specific working patterns to be discussed with the hiring manager. Please note that as we refine our hybrid approach, arrangements may evolve with reasonable notice.

What will you be doing?

• Performing technical analyses of AIRB and IFRS9 Wholesale Credit Risk models, including data analysis, benchmarking, and challenger model development.
• Supporting validation reviews and providing challenge where appropriate.
• Producing detailed validation reports highlighting limitations, weaknesses, and assumptions.
• Collaborating with model owners and stakeholders to ensure validation standards are met.
• Ensuring compliance with the Group Model Risk Policy and supporting standards.
• Maintaining proactive communication with stakeholders, subject matter experts, and model developers.

What we’re looking for:

• Highly numerate with an Honours degree, Masters, or PhD in a quantitative field such as Mathematics, Physics, Operational Research, Economics, or Finance.
• Knowledge of CRD IV and IFRS9 ECL estimation frameworks.
• Proficiency in coding languages like R, SQL, C++, or Python, with experience handling large datasets.
• Strong communication skills, capable of producing clear reports for technical and non-technical audiences.

Skills that will help you in the role:

• Advanced degrees in Mathematics, Statistics, Finance, or Economics.
• Experience in model development or validation.
• Ability to work effectively in high-performing, diverse teams.
• Knowledge of financial projection, capital management, and treasury beyond risk management.

Where will you be working?

Our headquarters at Churchill Place in Canary Wharf offers amenities such as a gym, restaurant, and deli bar, with excellent transport links. The vibrant environment fosters a dynamic working atmosphere.

#LI-Hybrid

#LI-LW2020

About the company

We offer a range of financial products including current accounts, mortgages, insurance, loans, credit cards, and savings accounts. Join us as we move forward together.