Model Risk Measurement & Quantification- VP

As a Model Risk Measurement & Quantification- VP at Barclays, you will be responsible for designing frameworks and conducting end-to-end assessments of model uncertainty across designated portfolios. Your key responsibilities will include: - Extensive experience in quantitative roles within risk management, finance, or consulting, with exposure to various modelling types such as credit, market risk, fraud, and credit decisioning. - Development of model level uncertainty risk assessment, managing the risk assessment process, analyzing results, and compiling model risk reports. - Understanding and quantification of model limitations and uncertainty at both model and aggregated levels. - Portfolio model risk management, including inventory analysis, attribution of model outputs, and identification of material risk drivers. - Analysis of aggregate impact from model uncertainties on key risk metrics, coordination with stakeholders, and approval of management overlays. - Compilation of portfolio assessment documentation for regulatory submissions and Board packs. Additionally, valued skills for success in this role may include: - Cross-experience across different model types. - Good understanding of model risk management frameworks and regulatory expectations. - Strong facilitation and negotiation skills for managing discussions at a senior level. - Ability to work effectively in cross-functional teams and demonstrate strategic thinking. - Rational and logical thought process with attention to detail. The purpose of this role is to provide governance of model risk, controls, infrastructure, and reporting while ensuring compliance with regulatory requirements. Your accountabilities will include: - Developing and managing a globally consistent model risk framework. - Overseeing model inventory, data quality, reporting, and quantitative processes. - Assessing compliance with the Model Risk Framework. - Establishing model risk appetite and tolerance reports. - Managing the Validation Center of Excellence for independent quality assurance. - Overseeing regulatory and audit responses within Model Risk Management. As a Vice President, you are expected to contribute to setting strategy, driving change, managing resources and policies, delivering continuous improvements, and advising key stakeholders. You will demonstrate leadership, accountability, and comprehensive understanding of organizational functions to achieve business goals. Collaboration with other areas of work and building trusting relationships with stakeholders will be essential for success. All colleagues at Barclays are expected to embody the values of Respect, Integrity, Service, Excellence, and Stewardship, along with the Barclays Mindset of Empower, Challenge, and Drive.,