Quants Analyst

Purpose of the role

To design, build, produce, and analyse regular model monitoring reports to assess if the models remain fit for their intended use.

Accountabilities

• Monitoring of models in line with the MRM Model Risk Policy and associated Standards.
• Stakeholder engagement (Model Owners, Model Developers, Technology, MRM, and others) for design, data specifications, build and implementation of model monitoring reports.
• Documentation and review of the model monitoring results, conclusions, and recommendations with the Model Owners (or delegates), and track the actions stemming from model monitoring.
• Adherence to internal and external governance and controls requirements in the E2E model monitoring process and execution.
• Provision of need based deep dive and adhoc analysis to the Model Owners to support internal and external requirements.
• Management reporting, oversight, and escalations.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• 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 will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Embark on a transformative journey as "Quants 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.

As a member of the Model Monitoring Team at Barclays, you will be responsible for designing and delivering regular monitoring reports that assess the performance of Credit Risk models—including, but not limited to, Basel models, Decision Scorecards, and IFRS9. Your role will also involve ensuring that all documentation and monitoring packs comply with regulatory and governance standards, while maintaining robust control frameworks throughout the process.

To be successful in this role as a "Quants Analyst", you should possess the following skillsets:

·       Strong understanding of AIRB credit risk models (PD, EAD, LGD) segmentation, AI & ML, and statistical techniques for model performance assessment.

·       Hands-on programming skills – proficiency in Python, pyspark, and SAS for data analysis and automation.

·       Experience in model lifecycle activities – prior exposure to model development, validation, or monitoring within credit risk or regulatory frameworks.

Some other highly valued skills include:

·       Python programming. Familiarity with DevOps tools – experience with BitBucket, JIRA, and version control systems.

·       Knowledge of cloud and big data platforms – such as Databricks, AWS, or enterprise data lakes.

·       Understanding of regulatory guidelines – e.g., PRA, and governance frameworks for risk models.

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.

This role is based in our Noida office.