AVP- Model development

Job Title: AVP - Model Development

Location: Noida

About Barclays

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective

Take ownership for managing risk and strengthening controls in relation to the work you do
Working Flexibly.

Were committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers and clients needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.  If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs.

Hybrid Working 

Structured hybrid role:  

At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home.  We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

Introduction:

•    To deliver development of credit risk models (capital / credit decision/impairment models)
What will you be doing?

•    Develop credit risk models across life cycle of various retail portfolios. This includes regulatory models (capital/impairment) and credit decisioning.
•    Delivering robust, predictive models and tools that are compliant with both internal and external regulations. 
•    Identify and use cutting edge techniques to develop best in class models
•    Deliver high levels of accuracy and internal consistency/validation within own project
•    Provide business with insights and recommendations in order to improve strategy and process.
•    Develop high-standard Python code and model documentation. 
•    Ensure accurate implementation of models and support their use, interpretation and monitoring.
•    Share and seek out best practice across the modelling peer group to develop self.

What we’re looking for:

•    Completion of a bachelor or master degree or equivalent in statistics, mathematics, operations research or related area or engineering.
•    A good knowledge of data analysis, theory and multivariate statistical techniques (e.g. Logistic Regression, etc).
•    Expertise in various modelling techniques and their value in business.
•    Strong understanding of retail banking products.
•    Proficiency in Python
•    MS Office Skills (Preferably Word, Excel & PowerPoint)

Skills that will help you in the role:

•    Full understanding of Credit Risk processes and strategies, including knowledge of credit loss provisioning.
•    An understanding of the fundamental principles of the Basel II Accord, PRA /EBA guidelines on capital model build and / or of IFRS IAS 39.
•    Prior experience in model implementation and good understanding of Model Execution Framework (MEF), including use of Bit Bucket etc.
•    Ability to act as ‘Team Expert’ in a specialist knowledge area of analytics that will complement the detailed knowledge of other team members.

Where will you be working?
 Noida