Model Risk Management Specialist

4 days ago


Noida, Uttar Pradesh, India Barclays Full time
Job Description:

We are seeking an experienced Model Risk Management Specialist to join our team. The successful candidate will be responsible for validating and approving models for specific uses, conducting annual reviews, and assessing potential sources of loss to minimize risk.

Main Accountabilities:

  • Validation of models for their intended use and scope, commensurate with complexity and materiality.
  • Approval or rejection of a model or usage based on assessment of the model's conceptual soundness, performance under intended use, and clarity of documentation.
  • Assessment of any compensating controls used to mitigate Model risk.
  • Documentation of validation findings and recommendations in clear and concise reports.

Assistant Vice President Expectations:

  • Consult on complex issues, providing advice to People Leaders to support the resolution of escalated issues.
  • Identify ways to mitigate risk and develop new policies and procedures in support of the control and governance agenda.
  • Taking ownership for managing risk and strengthening controls in relation to work done.


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