Economic Capital AVP

Job Description

As a Barclays Economic Capital Manager, you will be a go-to person and lead-validator primarily for the economic capital models and stress testing models cross various risk types. Your role will combine qualitative and quantitative skills to correctlyidentify key issues of models and assign remediation actions and communicate results at different forums, working closely with senior stakeholders. Your Role sits within a high performing team where knowledge sharing is highly promoted. Barclays is one of the worlds largest and most respected financial institutions, with 329 years of success, quality, and innovation behind us. We offer careers that provide endless opportunity - helping millions of individuals and businesses thrive and creatingfinancial and digital solutions that the world now takes for granted Working FlexiblyWere 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 forall 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 youre a carer, or whether you need studytime 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 WorkingWe are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Were flexible on how thisworks and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may chooseto spend more time in the office over a typical period than their role type requires. We also have a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances Please discuss the detail of the working pattern options for the role with the hiring manager.What will you be doing Validating and lead the validation of models looking into data quality, assumptions and limitations, model design and conceptual soundness and implementation Building challenger models to support the validation review and challenge process for all new and existing models examination of data, documents and coding knowledge Producing and review validation reports and presentations to ensure high quality content which satisfies relevant model governance requirements Having your own views on which issues are material and discuss/escalate promptly impact and appropriate remediation actions in the short/medium/long term What were looking for: A quantitative background, i.e. a MSc in Econometrics, Statistics, Economics, Mathematics, Operational Research or Physics relevant experience in model risk management or model development Good knowledge/experience in at least one of the main risk types in scope and economic capital/stress testing modelling programming experience (preferably in Python and/or R) Skills that will help you in the role: A Ph.D. in quantitative fields, such as Mathematics, Physics, Operational Research, Econometrics, and Economic Good knowledge of IFRS9 and IRB models and ICAAP framework Solid programming experience in C++/SQL Where will you be workingIn the heart of Canary Wharf, our headquarters at Churchill Place boasts onsite amenities such as; a gym, staff restaurant and deli bar, and is easily accessible by tube and bus links. With a population of around 5000 staff the atmosphere is second to nonewith a real buzz being created around the offices within.