Model Validation – Barclays

Title of the Job: Model Validation

Location: New York

Job Description: A career in Data & Analytics at Barclays is a hub for top talent, from beginners to experts, fostering innovation and excellence. You’ll drive business strategy, leverage data potential, and enhance the experience of millions of customers in today’s data-driven world.See your commute.What will you be doing?Barclays Services Corp. seeks Model Validation, AVP in New York, NY (multiple positions available):

• Completing independent validation of models supporting Barclay’s U.S. funding and liquidity management, asset and liability risk management, capital planning (CCAR), and other models used in the U.S.
• Performing computational and statistical analysis to test validity of assumptions, mythologies, and model outcomes performance
• Assessing severity of risk posted by model weakness or limitations, and the effectiveness of compensating controls
• Ensuring the quality of validator data in the Group Model Database
• Ensuring that the Model Risk Policy, Model Risk Standards and other relevant requirements are upheld
• Preparing analysis and communication of model risk findings to internal stakeholders and regulators
• May telecommute

Salary / Rate Minimum/yr: $143,000
Salary / Rate Maximum/yr: $156,000Purpose of the roleTo verify the accuracy, reliability, and soundness of the bank’s analytical models by independently validating and assuring the quality of models.ÂAccountabilities

• Development and implementation of validation plans for new and existing models.
• Preparation of model documentation that clearly explains the model’s methodology, assumptions, limitations, and risks.
• Development and implementation of ongoing monitoring frameworks to ensure continued model accuracy and effectiveness, ensuring appropriate controls and governance in place.
• Analysis and assessment of the model’s accuracy, performance, and compliance with regulatory requirements.
• Performing back testing and stress testing to assess model robustness under different conditions.

Assistant Vice President Expectations

• 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, etc).to 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.Share jobReasonable adjustmentsWe’re 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 you’re 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.Our purposeWe’re a global, vital and highly respected financial organisation with an inspiring Purpose. Operating in 39 countries and employing around 100,000 people across the world, we help communities, individuals and businesses thrive. And we’ve created financial solutions and technology that the world now takes for granted. A career with us can offer incredible variety, depth and breadth of experience, and the chance to learn from some of the best minds in technology and finance.To find out more about Barclays’ strategy please clickEqual opportunitiesBarclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.We are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.Right to work statementBarclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.This is Barclays New YorkNew York is home to Barclays’ US headquarters. The Americas hub for our Corporate and Investment Bank: a community of over 4,500 dedicated colleagues who create opportunities and solve challenges for some of the world’s most important companies.Excellent locationLocated in the heart of Manhattan, gives you a convenient location for commuting with access to everything New York can offer.Focused on fitnessOur wellness center is equipped with modern amenities, including fitness centres offering a variety of classes and services.Caring for your healthOur health center provides a range of services, including primary and urgent care, wellness exams, health coaching, and vaccinations.Great places to eatOur office features a variety of sophisticated dining options, including a colleague restaurant and a private executive dining room.Your browser does not support the video tag.This is Barclays New YorkNew York is home to Barclays’ US headquarters. The Americas hub for our Corporate and Investment Bank: a community of over 4,500 dedicated colleagues who create opportunities and solve challenges for some of the world’s most important companies.Excellent locationLocated in the heart of Manhattan, gives you a convenient location for commuting with access to everything New York can offer.Focused on fitnessOur wellness center is equipped with modern amenities, including fitness centres offering a variety of classes and services.Caring for your healthOur health center provides a range of services, including primary and urgent care, wellness exams, health coaching, and vaccinations.Great places to eatOur office features a variety of sophisticated dining options, including a colleague restaurant and a private executive dining room.Your browser does not support the video tag.Be you. Be valued. Belong.We celebrate the unique perspectives and experiences each individual brings, believing our differences make us stronger and drive success. Our colleague networks offer connection, support, and growth, while our “This is Me” series shares the unique stories of our colleagues. Committed to diversity, equity, and inclusion, Barclays values you for who you are and ensures you truly belong.You can learn more about our commitment to our colleague on our DE&I page.What you’ll get in returnCompetitive holiday allowanceLife assurancePrivate medical carePension contributionApplication ProcessYour applicationWe’ll ask for information about you, your CV and cover letter. 1Your assessmentCovering your behaviours and ability at work. 2Your interviewExploring your past experiences and skills. 3Next stepWe’ll request additional information so that you can complete our screening process 4Working flexiblyWe’re committed to providing an inclusive culture and environment, that recognises and supports ways to balance your personal needs, alongside the professionaC8l 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.Our approach to working flexibly is designed to support you to balance your life and to accommodate diverse needs, whilst still allowing us to meet our business needs. If you’d like to request a flexible working arrangement, please discuss this with your hiring manager.Hybrid working: Our approach to hybrid working ensures there’s the right balance of working alongside colleagues at our onsite locations, as required for each role. For business areas that offer a hybrid working experience, this will be in a structured way, where colleagues work at an onsite location on fixed, ‘anchor’, days of the week. Some roles may require full onsite working. Please discuss the working pattern requirements for the role you are applying for with the hiring manager.We continue to embed and review our hybrid working environment and remain in a phase of testing and learning. This means that working arrangements could change, with reasonable notice, to align with the needs of our business.Barclays is built on an international scale.Our geographic reach, our wide variety of functions, businesses, roles and locations reflect the rich diversity of our worldwide customer base. All of which means we offer incredible variety, depth and breadth of experience.
And the chance to learn from a globally diverse mix of colleagues, including some of the very best minds in banking, finance, technology and business. Throughout, we’ll encourage you to embrace mobility, exploring every part of our operations as you build your career.

Company Name: Barclays

Salary: $143000 per year

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