Model Risk Management BA3

1203 Barclays Global Serv. Cent; Greater Noida; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Barclays Noida is seeking a Model Risk Management BA3 to validate and approve models across inception and periodic reviews, ensuring robust documentation of risks and controls.

You will assess coherence of model interactions, quantify framework uncertainty, and contribute to governance and regulatory reporting. Strong numeracy and coding skills (Python/SQL/C++) are essential for success.

Qualifications

• Highly numerate with a quantitative degree.
• Proficient in Excel-VBA, R, SQL, C++, Python.
• Strong written and spoken communication; well organized.
• Experience with data understanding and visualization tools.

Responsibilities

• Validate and approve models for inception and periodic reviews.
• Assess model risk and document weaknesses, limitations and controls.
• Provide actionable insights for model improvement and documentation.
• Support governance and reporting related to Model Risk.

Skills

Numeracy

Communication

Excel-VBA

R

SQL

C++

Python

Education

Honours or Masters in quantitative field

Bachelor's in quantitative fields

Tools

Excel

Qlik

Tableau

Job description

Job Description

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. 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:

Basic 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

Location

This role will be based out of Noida.

Work Experience

Our Work Experience is the combination of everything that's unique about us: our culture, our core values, our company meetings, our commitment to sustainability, our recognition programs, but most importantly, it's our people. Our employees are self-disciplined, hard working, curious, trustworthy, humble, and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in the area.