Be Validation

Job Title: BE Validation
Location: Noida

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:
Successfully balance the following responsibilities:
1. Provide independent review (IR) and challenge of all quantitative and qualitative processes categorized as models (Finance, Stress Testing, Forecasting etc.) under the MRM framework to a high degree of depth, as required by and detailed in the Bank’s policies and standards. This role will be part of Group Risk IVU team.
2. Provide input to/support the governance and reporting processes related to model risk management.

What will you be doing?

1. Independent review and challenge [80%]

a. Work on independent review of models across different spectrum of retail and wholesale portfolios
- Liquidity Risk Models - Models (LCR, ILAAP) used to calculate Bank’s liquidity requirement and survival horizon in adherence to Liquidity Regulatory Requirements
- Economic Capital Models - Models used by banks internally to calculate Bank’s capital requirement
- Interest Rate Risk in Banking Book (IRRBB) Models - models used for management and supervision of interest rate risk
- Stress Test Models - Climate Risk Stress Test, Internal Stress Test, Medium Term Plan, Prudential Regulation Authority (PRA) or Bank of England (BoE) Stress Test
- Diverse Banking Portfolios - for different banking products e.g. Wholesale (Corporate and Investment Bank) and Retail portfolios (Credit Card, Home loan etc.).
- Perform technical analysis and/or build alternative benchmarks to new and existing models, in line with the requirements set out in the bank’s standards and policies.

b. Produce high quality model validation reports, with a particular focus on noting limitations, weaknesses and assumptions

c. Wholesale portfolio knowledge

2. Governance and Reporting [20%]

a. Review regulatory requirements to ensure compliance with Basel III rules in IRB portfolios and support roll out portfolios moving to IRB.

b. Support the development and review conformance with appropriate policies (e.g. Group Model Risk policy), standards and procedures.

What we’re looking for:

- Experience in a modeller/validator role in the Wholesale industry
- Strong analytical skills with experience in developing, validating and risk management of models
- Significant experience of coding in R/Python. Expert user of Microsoft Excel and other Microsoft Office tools.
- Econometric and statistical knowledge (e.g. different regression like linear & logistic, Monte Carlo simulation, time series modelling etc.)

Education
- Masters in Statistics, Mathematics, Finance, Economics, Operational Research, Physics

Skills that will help you in the role:
Preferred
- Good understanding of banking environment and wholesale portfolios.
- Familiarity with FRB/PRA regulations and IFRS9 accounting standards.
- Ability to work in a high performing team, and the ability to work and liaise with others in a diverse team

Where will you be working?
Noida

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 whether things can be done better. Use insights based on data to inform decisions. Be curiou