Scenario and Climate Risk Validation

Job Description

As Barclays Scenario and Climate Risk Validation you will be the responsible for IRRBB (also called Non Traded Market Risk) models validations. Model are used for day-to-day running the bank as well as part of different model frameworks (e.g. ICAAP, InternalStress Testing/EBA/BOE Stress Testing, Value and Earnings metrics for IRRBB). You will work with the team to propose approval decisions, identify key issues and viable remediation actions and communicate results at different forums with exposure to seniorstakeholders. 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 businessneeds. 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 Having responsibility for the development and progression of the team in terms of the level of expert and business knowledge and efficiency Leading validations of models- data quality, assumptions and limitations, model design implementation, performance results and benchmarking Building challenger models (if needed) to support the validation review and challenge process for all new and existing models Reporting will contain some more qualitative and conceptual challenges to models Creating and maintaining the correct information in the Group model database for the set of validated models What were looking for: Working knowledge of Financial Mathematics & Statistics; a degree in quantitative subject (Math, Engineering, Statistics, Economics with quantitative minor or masters degree) Solid capability in either model validation or development in at least one of these fields - Macroeconomic Analysis for Scenario expansions or Climate Risk Models Experience in model specification, model selection, model testing and/or validation roles Experience of coding using Matlab/R/SQL/C++/Python or any equivalent language/software Skills that will help you in the role: Experience with IFRS9 or Operational Risk models Mentally curious and team player 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.