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Model Validation Analyst
745 Seventh Avenue, New York, NY
The IHC Model Validation Analyst would be expected to work on models across the department’s remit, including CCAR finance regulatory models, as well as Treasury funding/liquidity models, RWA/capital models, stress-testing among other model types. The role may become more specialized over time but team members must be able to adapt to shifting workloads across areas.
What will you be doing?
•Engaging with model owner and developers to ensure validation expectations around the supply of supporting materials required for validation are clear
•Performing technical and data analyses, benchmarking, and building challenger models to support the validation review
•Challenging process for all new and existing models to ensure accuracy to the standards required by the IHC IVU process
•Produce high quality IHC IVU reports and presentations for relevant model governance committees, focusing on noting limitations, weaknesses and assumptions
•Supporting IVU management in their participation in different models committees, particularly the IHC Model Risk Committee and in conjunction with regulatory meetings
What we’re looking for:
•1+ year of experience in a quantitative role within risk management (credit/market/ operational) in a financial institution
Skills that will help you in the role:
•Masters or PhD (or similar) in a numerate subject such as Statistics, Economics, Mathematics, Physics, Operational Research, or Financial Engineering
•Significant experience with Excel and other data management and computational tools
•Able to produce high quality written communication including reviews of models, risk policies, and presentations for technical and non-technical audiences
•Ability to manipulate large datasets and experience in data quality and system testing
Where will you be working?
Barclays’ U.S. headquarters is located at 745 Seventh Avenue in New York, NY. At Barclays, we offer you an engaging and challenging environment, giving you the opportunity to make the most of your unique set of skills. We also have an extensive range of learning and development initiatives designed to support you both personally and professionally.
Interested and want to know more about Barclays? Visit Company websiteys/who-we-are/ for more details.
Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. Our values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.
We aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.
Our customers are unique. The same goes for our colleagues. That's why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our dynamic working options for colleagues. If you have a need for flexibility, then please discuss this with us.
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