Stress Testing, Vice President

Join us as a Stress Testing, Vice President. At Barclays, innovation isn t just encouraged; it s expected. You will be the part of Group Risk (Independent Validation Unit) team. You will be providing independent review (IR) and challenge of all quantitative and qualitative models (mainly Stress Testing capital and impairment models - ICAAP/BoE ST) to a high degree of depth, as required by and detailed in the bank s policies and standards. You will be providing input to/support the governance and reporting processes related to model risk management. You will be able to lead a team of validators to drive stress testing model validations.

To be successful as a Stress Testing, Vice President, you should have experience with:

Highly numerate Strong analytical skills with at least 8-9 years of experience with significant hands-on experience in credit risk model development, model specification, model selection, model testing and/or validation experience. Experience of coding in R/Python. Expert user of Microsoft Excel and other Microsoft Office tools. Econometric and statistical knowledge (e.g. different regression like linear & logistic, Monte Carlo simulation, time series modelling. AI/ML etc.)

Some other highly valued skills may include:

Excellent knowledge and understanding of a wide variety of model development and validation statistical techniques covering primarily credit risk. - IRB, IFRS9 and stress testing models for retail and wholesale book. Able to lead a team, communicate and influence effectively. Produce high quality written communication including reviews of models, risk policies, and presentations for technical and non-technical audiences. Experience in delivering against tight deadline. Ability to work in a high performing team, and the ability to work and liaise with others in a multi-functional team.

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 in our Noida office.

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.

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.

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.