AVP Traded Risk Validation

Inviting potential Candidates looking out for an opportunity with Barclays for AVP Traded Risk Validation Role in MRM Team

Location: Noida

Preferred Skill Set

• Academics / Education - postgraduate in a quantitative discipline, for example mathematics, physics, or quantitative finance.
• The ideal candidate will have proven ability to understand several traded risk modelling approaches, including models for VaR, PFE and initial margin, and their strengths and weaknesses.
• Experience in mathematical skills, including in probability, statistics, differential and integral calculus, linear algebra, stochastic calculus, and numerical methods;
• Strong Experience on programming skills in languages / packages such as Python, C++, or Matlab
• Exposure to the knowledge around the financial products pricing and fundamentals is a plus.

Purpose of the role

• To validate and approve models for specific usages both at inception and on a periodic basis, and of model changes, as well as conducting annual reviews.

Accountabilities

• Validation of models for their intended use and scope, commensurate with the complexity and materiality of the models.
• Approval or rejection of a model or usage based on assessment of the model s conceptual soundness, performance under intended use and the clarity of the documentation of the model s inherent risks, limitations and weaknesses.
• Assessment of any compensating controls used to mitigate Model risk.
• Documentation of validation findings and recommendations in clear and concise reports, providing actionable insights for model improvement.
• Evaluation of the coherence of model interactions and quality of Large Model Framework aggregate results that generate output for regulatory submissions or management decision making and planning.
• Design of the framework and methodology to measure and, where possible, quantify model risk, including the assessment of framework level uncertainty.

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.