Model Risk Management BA3

Barclays; Dadri; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Barclays in Noida seeks a Model Risk Management BA3 to validate and approve models used across various financial domains. You will participate in inception and periodic reviews, ensuring rigorous documentation and risk assessment.

The role emphasizes independent review of quantitative/qualitative models and collaboration with cross-functional teams. The ideal candidate is highly numerate with a quantitative degree, proficient in coding (Excel-VBA/R/SQL/C++/Python), and capable of producing clear

Qualifications

• Honours or Masters in Mathematics, Physics, Operational Research, Economics, or Finance.
• Proficient coding in Excel-VBA/R/SQL/C++/Python handling large datasets.
• Strong written and verbal communication for technical and non-technical audiences.
• Highly organised with strong documentation practices.
• Experience in data understanding and data visualization awareness.
• Ability to think strategically across the MRM portfolio.

Responsibilities

• Validation of models for intended use and scope by complexity and materiality.
• Approval or rejection of models based on conceptual soundness and performance.
• Assess compensating controls to mitigate model risk.
• Document validation findings with actionable insights for model improvement.
• Evaluate coherence of model interactions and large model framework results for regulatory outputs.
• Design framework to measure and quantify model risk and related uncertainties.

Skills

Numerate

Coding skills

Communication

Documentation

Data handling

Strategic thinking

Education

Quantitative degree

Masters in quantitative field

Tools

Excel VBA

R

SQL

C++

Python

Tableau

Qlik

Job description

Join us as an "Model Risk Management BA3" at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionise our digital offerings, ensuring unapparelled customer experiences.

You may be assessed on the key critical skills relevant for success in role, such as experience with model development and validation, as well as job-specific skillsets.

To be successful as a Model Risk Management BA3, you should have experience with:

• Providing independent review (IR) and challenge of quantitative and qualitative processes categorized as models (models can be from Capital, Artificial Intelligence & Machine Learning (AIML), Stress Testing, Treasury etc. framework) to a high degree of depth, as required by, and detailed in the Bank's policies and standards.
• Providing input to/support the governance and reporting processes related to the Model Risk

Basic/ Essential Qualifications

• Highly numerate, as demonstrated by Honours degree, Masters or similar in a quantitative subject such as Mathematics, Physics, Operational Research, Economics, or Finance
• Proficient knowledge of coding in Excel-VBA/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 communication for technical and non-technical audiences.
• Highly organised in terms of documentation and follow through.
• Experience in Data understanding / handling and manipulations, data control and its importance. Awareness of reporting and Data Visualization tools
• Ability to think strategically and ability to focus on the whole portfolio of MRM activities

Desirable Skillsets/ Good To Have

• Bachelor’s in quantitative fields, such as Mathematics, Physics, Operational Research, Finance, and Economics
• Relevant experience in Model validation, Data Analytics, Banking & Finance, Python, Qlik & Tableau
• Ability to work in a high performing team, and the ability to work and liaise with others in a diverse team
• Beyond risk management, knowledge in financial projection, algorithm design

Risk And Control Objective

• Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and internal Barclays Policies and Policy Standards

This role will be based out of Noida.

Purpose of the role

To validate and approve models for specific usages both at inception and on a periodic basis, and of model changes, as well as conducting annual reviews.

Accountabilities

• Validation of models for their intended use and scope, commensurate with the complexity and materiality of the models.
• Approval or rejection of a model or usage based on assessment of the model’s conceptual soundness, performance under intended use and the clarity of the documentation of the model’s inherent risks, limitations and weaknesses.
• Assessment of any compensating controls used to mitigate Model risk.
• Documentation of validation findings and recommendations in clear and concise reports, providing actionable insights for model improvement.
• Evaluation of the coherence of model interactions and quality of Large Model Framework aggregate results that generate output for regulatory submissions or management decision making and planning.
• Design of the framework and methodology to measure and, where possible, quantify model risk, including the assessment of framework level uncertainty.

Analyst Expectations

• To meet the needs of stakeholders/ customers through specialist advice and support
• Perform prescribed activities in a timely manner and to a high standard which will impact both the role itself and surrounding roles.
• Likely to have responsibility for specific processes within a team
• They may lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources. They supervise a team, allocate work requirements and coordinate team resources.
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L - Listen and be authentic, E - Energise and inspire, A - Align across the enterprise, D - Develop others.
• OR for an individual contributor, they manage own workload, take responsibility for the implementation of systems and processes within own work area and participate on projects broader than direct team.
• Execute work requirements as identified in processes and procedures, collaborating with and impacting on the work of closely related teams.
• Check work of colleagues within team to meet internal and stakeholder requirements.
• Provide specialist advice and support pertaining to own work area.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how all teams in area contribute to the objectives of the broader sub-function, delivering impact on the work of collaborating teams.
• Continually develop awareness of the underlying principles and concepts on which the work within the area of responsibility is based, building upon administrative / operational expertise.
• Make judgements based on practise and previous experience.
• Assess the validity and applicability of previous or similar experiences and evaluate options under circumstances that are not covered by procedures.
• Communicate sensitive or difficult information to customers in areas related specifically to customer advice or day to day administrative requirements.
• Build relationships with stakeholders/ customers to identify and address their needs.

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.