Join us as a WCR Model Owner Delegate - VP. The role requires close collaboration with the Model Owner and the heads of various departments including Credit Risk, Quantitative Analytics, Front Office and Technology to manage our extensive and highly material suite of wholesale credit risk models (PD, EAD, LGD) ensuring that both the business and regulatory risk arising from these models and associated systems are effectively controlled and the models perform as required. The successful applicant will lead selected activities across our multi-year wholesale credit risk IRB models replacement programme as well as supporting the Model Owner by taking ownership of day to day aspects of managing our current inventory of credit models.
Some responsibilities you will have as a WCR Model Owner Delegate - VP are:
- Working with the Model and Rating System Owners and other key partners to deliver new IRB models and associated systems, in line with commitments made to the regulator(s).
- Managing and maintaining the current model inventory in line with Model Risk Policy, including presenting at senior models and rating system related committees.
- Keeping abreast with regulatory developments, proactively responding to any implications for IRB modelling.
- Sponsoring/supporting other non-model, business change projects that may impact the firm s IRB Permissions.
- Developing and maintaining a strong network and close working relationships with key stakeholders across the BI businesses and also with the functional areas, to ensure best in class and consistent approaches are used across the firm.
The ideal candidate should have a quantitative academic and/or a professional background with suitable and directly relevant experience in developing or validating empirical models (ideally in wholesale credit context), and understand the business portfolios within which those models are used.
To be successful as a WCR Model Owner Delegate - VP, you should have experience with
- Excellent written and verbal communication skills, able to digest and convey complex information effectively.
- Proven problem solving, self-motivation and decision-making skills, able to break down complex issues and think creatively to deliver practical solutions
- A working knowledge of statistical models such as linear and logistic regression and associated statistical tests, gained through suitable experience in prior roles managing/developing related models.
- Strong understanding of the fundamentals of Wholesale Credit Risk and the Internal Ratings Based approach to RWA measurement.
- Strong managerial and collaborative skills, inspiring and encouraging personal excellence within and outside the team.
- Post Graduate or Masters degree required.
You may be assessed on 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.
Location: Nirlon, Mumbai.
Purpose of the role
To design, develop, implement, and support mathematical, statistical, and machine learning models and analytics used in business decision-making
Accountabilities
- Design analytics and modelling solutions to complex business problems using domain expertise.
- Collaboration with technology to specify any dependencies required for analytical solutions, such as data, development environments and tools.
- Development of high performing, comprehensively documented analytics and modelling solutions, demonstrating their efficacy to business users and independent validation teams.
- Implementation of analytics and models in accurate, stable, well-tested software and work with technology to operationalise them.
- Provision of ongoing support for the continued effectiveness of analytics and modelling solutions to users.
- Demonstrate conformance to all Barclays Enterprise Risk Management Policies, particularly Model Risk Policy.
- Ensure all development activities are undertaken within the defined control environment.
Vice President Expectations
- To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
- If managing a team, they define jobs and responsibilities, planning for the department s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
- 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 be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
- Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
- Manage and mitigate risks through assessment, in support of the control and governance agenda.
- Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
- Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
- Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
- Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
- Adopt and include the outcomes of extensive research in problem solving processes.
- Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.
