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22/12 Zeeshan Khan
Talent Acquisition at Barclays

Views:1062 Applications:260 Rec. Actions:Recruiter Actions:86

Barclays - Analyst - Model Validation - Model Risk Management (1-4 yrs)

Noida Job Code: 875548

To successfully balance the following responsibilities:

1. Provide independent review (IR) and challenge of all quantitative and qualitative processes categorized as models (AIRB, IFRS9 Wholesale Credit Risk model, Stress Test etc.) under the MRM framework 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.

2. Provide input to/support the governance and reporting processes related to model risk management.

3. Exposure/interaction with Model/Business Owners (e.g. wholesale portfolio) and gain business and regulatory insights

Key Accountabilities;

1. Independent review and challenge [80%]

a. Work on independent review of models across different spectrum of retail and wholesale portfolios

- Capital Models - Models used to calculate Banks capital requirement as per BASEL guidelines

- IFRS9 Models - International Financial Reporting Standard to calculate Expected Loss

- Stress Test Models Climate Risk Stress Test, Internal Stress Test, Medium Term Plan, Prudential Regulation Authority (PRA) or Bank of England (BoE) Stress Test

- Diverse Banking Portfolios - for different banking products e.g. Wholesale (Corporate and Investment Bank) and Retail portfolios (Credit Card, Home loan etc.).

- Review regulatory requirements to ensure compliance with Basel III rules in IRB portfolios and support roll out portfolios moving to IRB.

b. Perform technical analysis and/or build alternative benchmarks to new and existing models, in line with the requirements set out in the banks standards and policies.

2. Governance and Reporting [20%]

a. Support the development and review conformance with appropriate model risk policies, including Group Model Risk policy.

Essential Skills/Basic Qualifications:

- Masters in Statistics, Mathematics, Economics, Physics, Operational Research, Finance, Financial Engineering

- Knowledge of CRD IV, familiarity with the IFRS9 ECL estimation framework and Stress Test framework

- Strong analytical and business skills

- Sharp focus on gaps/issues identification and passionate about problem solving

- Strong communication (Oral as well as written), listening and articulation skills

- An ability to identify and analyse appropriate external data sources for model development or validation.

Desirable/Preferred skills:

- Good understanding of banking environment and credit risk related products.

- Familiarity with FRB/PRA regulations and IFRS9 accounting standards.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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