Model Factory IVU AVP

Join us as a Model Factory IVU Senior at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unparalleled customer experiences. This is a Model Factory IVU Senior role in Model Risk Management (MRM). MRM reports directly to the Group Chief Risk Officer and is responsible for the identification, assessment, monitoring, and management of model risk within Barclays. Model risk is the potential for adverse consequences from decisions based on incorrect or misused model outputs. The MRM function's mandate is to independently and actively manage model risk globally in line with the bank's risk appetite. As a successful Model Factory IVU Senior, you should have experience in Model Validation/Model Development roles, specifically in areas like Treasury, IRRBB, Liquidity, Credit, and Market Risk. You should possess the ability to understand Risk and/or banking products and explain them at a high level, preferably in Market Risk/Treasury/Capital/Liquidity planning. Strong communication skills are essential for producing concise, organized, and thoughtful presentations for both technical and non-technical audiences. Highly valued skills may include Project Management abilities, experience or exposure to Technology or Data Science, strong stakeholder management, excellent report writing skills, and preferred qualifications such as CA, MBA, Economics, or Engineering. Proficiency in Project Management tools like JIRA, MS Project, and the MS Suite (Word, Excel, PPT, Project, Visio, and SharePoint) is desirable. The primary purpose of this role is to validate and approve models for specific usages both at inception and on a periodic basis, as well as conducting annual reviews. Your key accountabilities will include validating models for their intended use, approving or rejecting models based on assessment, assessing compensating controls for model risk mitigation, documenting validation findings and recommendations, evaluating model interactions and Large Model Framework aggregate results, and designing frameworks and methodologies to measure and quantify model risk. If you are an Assistant Vice President in this role, you are expected to advise and influence decision-making, contribute to policy development, collaborate with other functions/business divisions, and lead a team performing complex tasks. For an individual contributor, you will lead collaborative assignments, guide team members, consult on complex issues, and take ownership for managing risk and strengthening controls. All colleagues are expected to demonstrate Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship, as well as the Barclays Mindset of Empower, Challenge, and Drive.,