Job Description

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Date live: Aug. 29, 2024
Business Area: Risk
Area of Expertise: Risk and Quantitative Analytics
Reference Code: 90384909
Contract: Permanent
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Inviting potential Candidates looking out for an opportunity with Barclays for AVP Traded Risk Validation Role in MRM Team
Location: Noida
Preferred Skill Set

• Academics / Education - postgraduate in a quantitative discipline, for example mathematics, physics, or quantitative finance.
• The ideal candidate will have proven ability to understand several traded risk modelling approaches, including models for VaR, PFE and initial margin, and their strengths and weaknesses.
• Experience in mathematical skills, including in probability, statistics, differential and integral calculus, linear algebra, stochastic calculus, and numerical methods;
• Strong Experience on programming skills in languages / packages such as Python, C++, or Matlab
• Exposure to the knowledge around the financial products pricing and fundamentals is a plus.

Purpose of the role

• To validate and approve models for specific usages both at inception and on a periodic basis, and of model changes, as well as conducting annual reviews.\xc3\x82

Accountabilities

• \xc3\x82 Validation of models for their intended use and scope, commensurate with the complexity and materiality of the models.
• Approval or rejection of a model or usage based on assessment of the model\xc3\xa2\xc2\x80\xc2\x99s conceptual soundness, performance under intended use and the clarity of the documentation of the model\xc3\xa2\xc2\x80\xc2\x99s inherent risks, limitations and weaknesses.
• Assessment of any compensating controls used to mitigate Model risk.
• Documentation of validation findings and recommendations in clear and concise reports, providing actionable insights for model improvement.
• Evaluation of the coherence of model interactions and quality of Large Model Framework aggregate results that generate output for regulatory submissions or management decision making and planning.
• Design of the framework and methodology to measure and, where possible, quantify model risk, including the assessment of framework level uncertainty.

Assistant Vice President Expectations

• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• \xc3\x82\xc2\xb7\xc3\x82 Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• \xc3\x82\xc2\xb7\xc3\x82 Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• \xc3\x82\xc2\xb7\xc3\x82 Communicate complex information. \'Complex\' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• \xc3\x82\xc2\xb7\xc3\x82 Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship \xc3\xa2\xc2\x80\xc2\x93 our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset \xc3\xa2\xc2\x80\xc2\x93 to Empower, Challenge and Drive \xc3\xa2\xc2\x80\xc2\x93 the operating manual for how we behave.
More about working at Barclays
Working in APAC
Barclays has been in Asia Pacific for over 50 years, supporting corporations and financial institutions across the Asia Pacific region and connecting them to the capital markets of UK, Europe and the Americas. For more information
Hybrid Working
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, \xc3\xa2\xc2\x80\xc2\x98anchor\xc3\xa2\xc2\x80\xc2\x99, 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.
Reasonable Adjustments
Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review
Working Flexibly
We\xc3\xa2\xc2\x80\xc2\x99re 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\xc3\xa2\xc2\x80\xc2\x99 and clients\xc3\xa2\xc2\x80\xc2\x99 needs. Whether you have family commitments or you\xc3\xa2\xc2\x80\xc2\x99re 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.
How to Apply
We're committed to providing a supportive and simplified experience for our candidates throughout the application and assessment process. Here, you will find information about what to expect and some guidance around your assessment and interview.
While the application process depends on the role, there are some constant steps, which are;
Step 1 - Your application
Step 2 - Your assessment
Step 3 - Your interview
Step 4 - Next steps
We aim to create an inclusive work environment where everyone can reach their full potential. If you require any adjustments to our recruitment process, please click to learn more.
Find out more information
Diversity & Inclusion
Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.
We are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, 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.
Right to work
Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.
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The Barclays Way
This is the spirit of Barclays. It\xc3\xa2\xc2\x80\xc2\x99s why we exist, what we believe and how we behave. But most importantly, it\xc3\xa2\xc2\x80\xc2\x99s how we make decisions, take action and get things done.
Purpose
Working together for a better financial future.
Values
We believe great talent RISES. It acts with Respect, Integrity, Service, Excellence and Stewardship.
Mindset
We discover our full potential through our desire to Empower, Challenge and Drive each other.