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BIA Model Risk AVP @ Barclays

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 BIA Model Risk AVP

Job Description

Job Title : BIA Model Risk AVP Location: Pune About Barclays Risk and Control Objective Take ownership for managing risk and strengthening controls in relation to the work you do Working Flexibly Were committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as. enabling us to better service our customers and clients needs. Whether you have family commitments or youre a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs. Hybrid Working Structured hybrid role: At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, anchor, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business. Introduction: Work collaboratively with others in the BIA Model Risk team to support the delivery of model risk audits/assignments to a high standard in line with audit methodology and to support delivery of the BIA Audit Plan. The responsibilities will include audits of the necessary frameworks, policies, standards; and of the conceptual soundness of models, their documentation, validation, performance and fitness for use. What will you be doing Collaborate and support the Director and VPs to define the appropriate coverage strategy and audit plan for BIA model risk, taking into consideration the Audit Risk Appetite, the current and expected business environment, the regulatory requirements and the resourcing levels within the Function Manage audit work to ensure that relevant risks and controls have been identified and appropriately assessed. Perform quantitative analysis, review and complete processes and documentation of scoping, risk & control identification, control evaluation and observations in BIA audit toolkit. Write high quality observations and audit reports (with input from the audit team). Provide complete, accurate and timely information for BIA reporting. Proactively take on additional tasks as requested by the BIA Director/Managing Director. What were looking for: Minimum expectations: Minimum of five years relevant work experience, operating in modelling / model monitoring / model validation / model risk management /model risk audit role. Skills that will help you in the role: Prior experience in model risk management or models related to traded products or financial derivatives or credit risk or fraud risk or climate risk or Artificial Intelligence /Machine Learning. Excellent communication skills. Ability to communicate effectively and have difficult conversations with senior stakeholders (technical and non-technical). Strong written skills and meticulous adherence to detail. Quantitative postgraduate /Engineering (B Tech) degree or professional qualification (CFA, ACA, FRM, FIA, CAIA, MBA etc). Demonstrated project management experience and ability to conduct complex work under pressure Proven working experience and exposure on end-to-end audits. Experience in leading others in large project / initiatives / audit assignments Strong risk and control understanding Knowledge of one or more programming languages (Python, SAS, R) Proven track record of high performance in previous roles Knowledge about new and emerging financial products and services Display willingness and initiative to learn and share knowledge Where will you be working Pune Be More at Barclays At Barclays, each day is about being more as 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 for more details. Purpose, Values and Mindset We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term. Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship. Respect We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution. Integrity We operate with honesty, transparency and fairness in all we do. Service We act with empathy and humility, putting the people and businesses we serve at the centre of what we do. Excellence We champion innovation, and use our energy, expertise and resources to make a positive difference. Stewardship We prize sustainability, and are passionate about leaving things better than we found them. Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive. Empower Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure. Challenge Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints. Drive Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done

Employement Category:

Employement Type: Full time
Industry: BFSI
Role Category: BFSI
Functional Area: Not Applicable
Role/Responsibilies: BIA Model Risk AVP

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Keyskills:   model validation quantitative analysis project management programming languages Python SAS R financial products credit risk Artificial Intelligence Machine Learning model risk audits model risk management model risk audit risk control understanding financial derivatives fraud risk climate risk

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