Analyst- Model Control Office

Join Barclays as Analyst- Model Control Office where to develop strategic infrastructure requirements, onboard current model suite & new quantitative model methodologies, redevelop models based on monitoring, IVU feedback and business changes and perform validation process. At Barclays, we dont just anticipate the future - were creating it.

To be successful in this role, you should have,

• Experienced with MS office toolkit (Word, PPT, Excel, Access Database etc)
• Excellent communication and presentation skills in both formal and informal settings & ability to interact with the region and UK / US as part of a global team (written and verbal) .
• Strong control awareness - in particular, the ability to identify and escalate potential control breakdowns and to streamline processes in an effective and efficient manner.

Some other highly valued skills may include,

• Bachelor s degree (at a minimum) in a numerate subject such as mathematics, physics, financial engineering or a track record of performance that demonstrates this ability. Master s degree preferred.
• Qualified accountant / CIMA or MBA from reputed institutes would be an advantage.
• Track record of performance demonstrating strong quantitative & analytical skills and technical writing skills.
• Ability to see the end to end and bigger picture - models, systems, feeds, end user requirements, etc.
• Good financial product knowledge , appreciation and understanding of financial markets.
• Displays integrity, initiative and commitment through interactions with colleagues and clients
• Proactive. Displays enthusiasm, initiative and diligence
• Strong oral communication skills and experience dealing with stakeholders in different locations.
• Familiarity with regulatory requirements.
• Model Risk exposure in large financial institutions / banks preferred
• Controls and governance exposure in enterprise risk management
• Track record of interacting with senior stakeholders along with strong influencing skills.

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 Chennai office.

Purpose of the role

To develop strategic infrastructure requirements, onboard current model suite & new quantitative model methodologies, redevelop models based on monitoring, IVU feedback and business changes and perform validation process.

Accountabilities

• Delivery of advanced model analytics, improve stability and bring consistency in calculation approach.
• Leading technical engagements with QA and IVU for strategic redevelopment project on behalf of FTC.
• Provision of model execution, output analysis and lifecycle management capabilities across use cases for both forecasting and BAU models.
• Implementation of process improvements though enhanced controls, automation and improved analytics.
• Delivery of advanced model analytics (Recalibration, Sensitivity, root cause analysis etc. ).
• Controls and testing: Addressing execution issues with IT and QA, Perform UAT as part of model product ionisation.
• Cataloguing of issues, potential improvement for model redevelopment, authoring technical documentation with QA.

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• 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 develop technical expertise in work area, acting as an advisor where appropriate.
• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.