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Model Validation

Location Noida, India
Posted 21-November-2019
Description
Description

Job Title: Model Validation- Stress Test (Noida)

Location: Noida

The person filling the role is responsible for being model validator for a wide range of IRB and IFRS9 models as well as support other model validation efforts in MTP, IST BoE stress testing frameworks or Anti Money Laundering models etc.
Provide independent review (IR) and challenge of different aspects of model (conceptual soundness, model performance etc.) across different model types (capital, impairment, liquidity, stress testing etc.) to a high degree of depth, as required by and detailed in the Banks policies and standards. This role will be part of Group Risk IVU team.
Provide input to/support the governance and reporting processes related to model risk management.


What will you be doing?


Independent review and challenge

Work on independent review of diversified set of wholesale modelsIFRS9, Capital, Liquidity or Stress Testing, Operation, Treasury, Finance models
Perform technical analyses, data analyses, benchmarking, build challenger models (if needed) to support the validation review and challenge process
Must be able to challenge others and be open to challenge. Should seek direction on which issues are material but have own views on this also.
Produce high quality model validation reports, with a particular focus on noting limitations, weaknesses and assumptions
Self-study of developments in modelling and validation techniques;
Should have wholesale portfolio knowledge
Support team members in model validation and review their work
Should work independently with minimal guidance


Governance and Reporting

Review regulatory requirements to ensure compliance with Basel III rules in IRB portfolios and support roll out portfolios moving to IRB.
Support the development and review conformance with appropriate policies including Group Model Risk policy.


What were looking for:

Strong analytical skills with experience in developing, validating and risk management of models
Significant experience of coding in R/SQL/C/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.
Highly organised in terms of documentation and follow through.
Advanced understanding of the quantitative techniques used in developing and validating PD, LGD, EAD, Machine Learning, VAR, Low Default Portfolio modelling etc. .
An ability to identify and analyse appropriate external data sources for model development or validation.
Should have relevant experience in analytical industry. Hands-on experience in the use of statistical packages, such as SAS, R, Python. Expert user of Microsoft Excel and other Microsoft Office tools.
Preferred - Experience in a modeller/validator role in the Wholesale industry. Experience in Machine Learning models
Beyond risk management, knowledge in financial projection, capital management and treasury


Skills that will help you in the role:

Good understanding of banking environment and wholesale portfolios.
Familiarity with FRB/PRA regulations and IFRS9 accounting standards.
Ability to work in a high performing team, and the ability to work and liaise with others in a diverse team


Where will you be working?

Noida


Be More at Barclays

At Barclays, each day is about being moreas a professional, and as a person. Be More @ Barclays represents our core promise to all current and future employees. Its the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.

Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.


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Our Benefits

Our customers are unique. The same goes for our colleagues. Thats why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our dynamic working options for colleagues. If you have a need for flexibility, then please discuss this with us.

 
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