Retail Model Validation

Barclays UK; London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading financial institution is seeking a Model Validation Manager to validate models used in various frameworks. The role requires strong analytical skills and experience in coding, with a focus on compliance and stakeholder communication. The position offers a hybrid work model based in Canary Wharf, London, with amenities available to employees.

Benefits

Gym

Staff restaurant

Deli bar

Qualifications

• Significant experience in coding and model validation or development.
• Highly numerate with a degree in Mathematics, Physics, Finance, or Economics.

Responsibilities

• Perform technical analyses and develop challenger models for validation.
• Produce high-quality validation reports highlighting limitations and assumptions.

Skills

Communication

Organizational Skills

Education

Honours degree, Masters, or PhD in quantitative fields

Tools

R

SQL

C++

Python

Job description

As a Barclays Model Validation Manager, you will be responsible for validating a wide range of models used in retail IRB, IFRS9, MTP, IST, ICAAP, and BoE stress testing frameworks. These models and frameworks are crucial for the daily business management of the Barclays Group and its legal entities. You will also ensure compliance with important regulatory requirements related to the validation of these frameworks.

About Barclays

Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality, and innovation. We offer careers that provide endless opportunities—helping millions of individuals and businesses thrive and creating financial and digital solutions that are integral to the world today.

Working at Barclays

We offer a hybrid working model that combines onsite presence with remote work. Employees are expected to work at an onsite location on fixed, ‘anchor’ days each week, with a minimum of two days or more, as determined by the business area. Please discuss specific working arrangements with your hiring manager. As we continue to develop our hybrid environment, arrangements may be adjusted with reasonable notice to meet business needs.

Key Responsibilities

1. Perform technical and data analyses, benchmarking, and develop challenger models to support validation processes.
2. Produce high-quality validation reports, highlighting limitations, weaknesses, and assumptions.
3. Contribute to technical presentations internally and externally to support team development.
4. Stay updated on developments in modelling and validation techniques.
5. Engage in constructive challenge and seek guidance on material issues.
6. Support the MRM team in providing high-quality guidance to modelers across the bank to ensure standardization and compliance.
7. Maintain open and proactive communication with stakeholders, including subject matter experts and model owners.

Candidate Profile

Qualifications: Highly numerate with an Honours degree, Masters, or PhD in quantitative fields such as Mathematics, Physics, Operational Research, Finance, or Economics.

Experience: Significant experience in coding (R, SQL, C++, Python, or similar), handling large datasets, and model validation or development. Additional experience in financial projection, capital management, or treasury is advantageous.

Desired Skills

• Excellent communication and influencing skills, capable of producing clear documentation for technical and non-technical audiences.
• Strong organizational skills, with attention to detail.
• Ability to work effectively in high-performing and diverse teams.

Location

Based in Canary Wharf at Churchill Place, offering amenities such as a gym, staff restaurant, and deli bar. Easily accessible by public transport, with a vibrant office environment.

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About the company

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