Buk Retail Validation

**Join us as a "Retail Validation Analyst" at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences.**:
**This is an individual contributor role. The person filling the role is responsible for being independent validator for a wide range of models used in Business Marketing Strategies to acquire new customers, cross-sell banking products as well as validating Business Risk Models. These models/frameworks are crucially important for daily business management of the Barclays Group and its legal entities as well as to meet important regulatory requirements with respect to independent validation of these frameworks.**:
**To be a Successful “Retail Validation Analyst “you should have experience with**:

- ** Expertise in either model validation, model monitoring or model development area of risk management in Banking Industry.**:

- ** Knowledge, understanding and experience in managing various types of econometric, statistical, mathematical, or expert judgement models widely used in Banking Industry to support marketing and business activities (E.g. Marketing Mix models, Propensity Models, Account Acquisition, Account Management, Collection, Product Pricing, etc.)**:

- ** Knowledge of Banking Regulatory Standards, Risk Policies and Risk Management Framework.**:

- ** Significant experience of coding in SAS/SQL/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.**:

- ** Experience of writing detailed report / word document of the quality matching the research / regulatory papers.**:

- ** Highly organised in terms of documentation and follow through.**:

- ** Ability to work with multiple stakeholders and within stringent timeline.**:
**Other highly values may include**:

- ** Relevant experience in either Credit Risk Model Development or Model Validation with projects on Regulatory Risk Type Models (PD, EAD, and LGD which are widely used in Capital and IFRS9 models)**:

- ** Knowledge on Banking Regulations such as Basel 3, IFRS9 Standards, Stress-Testing Standards, etc.**:

- ** Ability to wok on multi-project.**:
**This role is based out of Noida Location.**:
**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 perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
- Requires in-depth technical knowledge and experience in their assigned area of expertise
- Thorough understanding of the underlying principles and concepts within the area of expertise
- They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating 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 develop technical expertise in work area, acting as an advisor where appropriate.
- Will have an impact on the work of related teams within the area.
- Partner with other functions and business areas.
- Takes responsibility for end results of a team’s operational processing and activities.
- Escalate breaches of policies / procedure appropriately.
- Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
- Advise and influence decision making within own area of expertise.
- Take ownership for managi