Avp Mex Vir

Job Title : AVP MEx ViR
Location: Chennai

About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective

Take ownership for managing risk and strengthening controls in relation to the work you do

Working Flexibly

Hybrid Working

Structured hybrid role:
Introduction:
The Models CoE framework provides model execution and results analysis capabilities for stress testing. Significant effort will be required to conduct the stress test and comply with requirements around the following:

- Model execution of assigned models for internal and external/regulatory stress testing (CCAR/ EBA/ PRA)
- Generating plausible forecasts of revenues, costs and balance sheet items
- Support compliance with regulatory requirements, and with internal model risk policy and associated standards
- high quality and timely closure of model documentation, monitoring, remediation, etc.
- Create an effective review and challenge framework

What will you be doing?
- Own the model execution activity chain, and support on re-development across a broad range of revenue, cost and Balance Sheet models across business lines.
- Engage with numerous teams such as Quantitative Analytics, Front Office, Risk, Treasury, Model validation, etc. to ensure a robust model development, execution and governance process
- Liaise with various internal teams to source the data needed to run the models, and ensure the data available is fully fit for purpose. Assist in the development of a stress testing data quality process and monitoring framework
- High quality and timely production/ updates of model documentation, closure of remediation actions raised by the validation team
- Review the model output to analyze and assess the drivers of the results, and whether the results are in line with reasonable expectations given the consumed scenarios, product portfolio and business strategy
- Develop presentation packs that explain the model output, key drivers of the results, sensitivity to key variables, and propose/ recommend overlays to the output where appropriate
- Focus on periodic evaluation of the model and where appropriate, propose recalibration/re-development of the model
- Develop robust internal controls including policies, procedures, guidelines and checklists

What we’re looking for:

- Bachelor’s Degree in Finance/ Accounting/ Maths/ Economics/ Engineering
- 4-10 years of relevant experience

Skills that will help you in the role:

- Strong written and verbal communication skills
- Sound understanding of financial statement analysis
- Good understanding of financial markets and relationships with major macroeconomic variables
- Experience in building and maintenance of financial models on MS Excel, and the ability to crunch numbers from large datasets and produce actionable insights/analytics
- Robust analytical and problem solving skills
- Ability to work with multiple teams to drive business outcomes
- Prior experience in developing / execution of stress testing models in the banking industry
- Understanding of key model risk management principles prescribed by global regulators
- Hands-on experience in using tools such as Python, Alteryx, Tableau or Qlikview is desirable but not a mandate

Where will you be working?
Chennai

Be More at Barclays
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.

Purpose, Values and Mindset
We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.

Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.

Respect
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.
Integrity
We operate with honesty, transparency and fairness in all we do.
Service
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
Excellence
We champion innovation, and use our energy, expertise and resources to make a positive difference.
Stewardship
We prize sustainability, and are passionate about leaving things better than we found them.
Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.
Empower
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
Challenge
Question