Isda Simm Model Governance

**Date live**: 07/01/2025 **Business Area**: Risk **Area of Expertise**: Risk and Quantitative Analytics **Contract**: Permanent **Reference Code**: JR-0000024407 In Risk Barclays develops, recommends, and implements controls and cost-effective approaches to minimise Barclay's risks, identifies and analyses potential sources of loss to minimise risk and estimate the potential financial consequences of an occurring loss. See your commute Join us as a " ISDA SIMM Model Governance. 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. Support the execution and ongoing development/ governance of a key new regulation: margin for the non-centrally cleared derivatives. The regulation stems from a set of G20 financial reforms and team ensure Barclays remains compliant with the global regulatory requirements. Primary aspect of the role is regulatory governance of the ISDA SIMM model. This involves quarterly risk based and realised pnl based backtesting of the model, owning up recalibration, bench marking and other ISDA governance exercised for the bank. Supporting IVU for annual validation and ISDA participation in ISDA Governance forum, representing the bank. Realised pnl backtesting requires detailed understanding of all trade types like ccy FX swaps, IR swaps, equity swaps etc and its functioning including cash flows, settlements etc. Risk based requires detailed understanding of greeks and var calculation To be a succesfull ISDA SIMM Model Governance. Analyst", you should have experience with. Excellent verbal and written communication skills as the person is required to communicate with and present to global stakeholders and management team in several forums across the Investment Banking vertical. Strong analytical problem solver with trading or structuring experience with a comprehensive knowledge of the financial products across business (Equities, Fixed Income, Derivatives). Flexible in work long hours when required and aptitude for self-learning and ability to cope well under pressure and meet deadlines. Ambitious and Proactive in nature, should be able to take quick decisions and be an excellent Team player. Advanced Excel (Pivot tables, Macros), MS Office and SQL skills. Other IT Skills like Tableau, Python are desirable. Well organised with good time management skills and the ability to meet tight deadlines and prioritise tasks. Ability to multi-task and prioritise accordingly in a highly pressurised environment. Understanding of Derivatives and Risk Management principles. The person needs to have a proven record of willingness to take ownership and responsibility. We cover all regions Asia, EMEA and US. Flexibility with work times will be preferred. ome other highly valued skills may include Good commercial experience working within Credit/ Market risk preferably in an international market. Proficiency in MS Excel. MBA with CFA, FRM, CQF or equivalent You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills Noida Purpose of the role To ensure regulatory and economic capital is calculated accurately and in line with external regulation / internal Barclays policy and to provide oversight and adequacy for expected losses arising from borrowers' defaults on loans, bonds, and other credit instruments. Accountabilities Calculation of RWAs/regulatory capital. Development, calibration, and implementation of credit risk models that estimate the probability of default (PD) and loss given default (LGD) for various borrower segments and credit products and explain the outcomes. Development and utilisation of quantitative models and risk forecasting tools to measure and predict potential credit losses. Analysis of credit trends, identify early warning signs of potential borrowers' issues, and assess the impact of economic and market developments on the portfolio credit losses and regulatory capitlal. Performance of portfolio stress testing exercises to assess the impact of various economic and market scenarios on regulatory capital. Maintenance and management of credit risk data effectively, ensuring accuracy, integrity, and timeliness. Delivery of internal/external regulatory reporting including committees and requirements relating to regulatory capital and impairment. Calculation of economic capital and associated reporting within ICAAP. 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 expertis