You will have to d
istinct from both model development and independent model validation teams, the Model Control Office (MCO) oversees the overall control environment for model risk . At Barclays, we dont just anticipate the future - were creating it.
To be successful in this role, you should have:
- Ability to see the end to end and bigger picture - models, systems, feeds, end user requirements, etc.
- Good financial product knowledge, appreciation and understanding of financial markets.
- Displays integrity, initiative and commitment through interactions with colleagues and clients.
- Proactive. Displays enthusiasm, initiative and diligence.
- Strong oral communication skills and experience dealing with stakeholders in different locations.
- Familiarity with regulatory requirements.
- Model Risk exposure in large financial institutions / banks preferred.
- Controls and governance exposure in enterprise risk management.
- Track record of interacting with senior stakeholders along with strong influencing skills.
Some other highly valued skills may include:
- Experienced with MS office toolkit (Word, PPT, Excel etc).
- Excellent communication and presentation skills in both formal and informal settings & ability to interact with the region and UK / US as part of a global team (written and verbal).
- Strong control awareness in particular, the ability to identify and escalate potential control breakdowns and to streamline processes in an effective and efficient manner.
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 out of Chennai and Noida.
Purpose of the role
To develop strategic infrastructure requirements, onboard current model suite & new quantitative model methodologies, redevelop models based on monitoring, IVU feedback and business changes and perform validation process.
Accountabilities
- Delivery of advanced model analytics, improve stability and bring consistency in calculation approach.
- Leading technical engagements with QA and IVU for strategic redevelopment project on behalf of FTC.
- Provision of model execution, output analysis and lifecycle management capabilities across use cases for both forecasting and BAU models.
- Implementation of process improvements though enhanced controls, automation and improved analytics.
- Delivery of advanced model analytics (Recalibration, Sensitivity, root cause analysis etc.).
- Controls and testing: Addressing execution issues with IT and QA, Perform UAT as part of model product ionisation.
- Cataloguing of issues, potential improvement for model redevelopment, authoring technical documentation with QA.
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, 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.
