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 different aspects of model (conceptual soundness, model performance etc.) across different model types: credit risk related regulatory (IRB, IFRS9, CCAR) models for retail and wholesale portfolios, 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. Model Validation
a. Validate credit risk related regulatory (IRB, IFRS9, CCAR) models for retail and wholesale portfolios for Barclays Europe by following Bank’s policies and standards
b. 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.
2. Governance and Reporting
a. Review regulatory requirements to ensure compliance with different regulatory guidelines e.g. SR 11-7, PRA, FRB.
b. Support the development and review conformance with appropriate policies including Group Model Risk policy.

What we’re looking for:
Essential
- Solid understanding of the quantitative techniques used in developing and validating models including credit risk related regulatory (IRB, IFRS9, CCAR, PD, EAD, LGD) models for retail and wholesale portfolios.
- Strong analytical skills with experience developing or validating credit risk related regulatory (IRB, IFRS9, CCAR, PD, EAD, LGD) models for retail and wholesale portfolios
- Proven expertise/in depth knowledge of one or more of the following areas of model risk management: CCAR, IFRS9, Basel, PD, EAD, LGD, Application/Behavioural Risk scorecards, Existing Customer Management etc.
- Hands-on experience in the use of statistical packages such as SAS, R, Python. Expert user of Microsoft Excel and other Microsoft Office tools.
- An ability to identify and analyse appropriate external data sources including macro-economic variables for model development or validation.

Education
- Masters in Statistics, Mathematics, Economics, Operational Research, Engineering, MBA

Skills that will help you in the role:
Preferred:

- Relevant experience in a modeller/validator role in the financial services industry.
- Excellent communication skills

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 curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.
Drive
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.