Barclays Bank India Careers – Model Validation IHC

Job Responsibilities:

• The person filling the role is responsible for being model validator for a wide range of Retail Credit Risk models such as IFRS9, Regulatory Capital, Pricing/Risk Reward and other Business/Decision model validation.
• Independent review and challenge
• Work on independent review of diversified set of retail credit risk models – IFRS9, Regulatory Capital, Pricing/Risk Reward and other Business/Decision models
• Perform technical analyses, data analyses, benchmarking, build challenger models (if needed) to support the validation review and challenge process
• Must be able to challenge others and be open to challenge. Should seek direction on which issues are material but have own views on this also.
• Produce high quality model validation reports, with a particular focus on noting limitations, weaknesses and assumptions
• Self-study of developments in modelling and validation techniques;
• Should have wholesale portfolio knowledge
  Governance and Reporting
• Review regulatory requirements to ensure compliance with Basel III rules in IRB portfolios and support roll out portfolios moving to IRB.
• Support the development and review conformance with appropriate policies including Group Model Risk policy.
• Provide independent review (IR) and challenge of different aspects of model (conceptual soundness, model performance etc.) across different model types (capital, impairment, pricing, decision etc.) to a high degree of depth, as required by and detailed in the Bank’s policies and standards. This role will be part of Group Risk IVU team.
• Provide input to/support the governance and reporting processes related to model risk management.

Job Requirements:

•  Strong analytical skills with experience in developing, validating and risk management of models
• Significant experience of coding in SAS/Python /R/ C++, including handling large datasets and writing functions.
• Good communication and influencing skills, ability to produce high quality written communication for technical and non-technical audiences.
• Good understanding of banking environment and financial products.
• Masters in Statistics, Mathematics, Economics, operational research, Engineering, MBA
• Relevant experience in a modeller/validator role in the financial services industry.
• Ability to identify and analyse appropriate external data sources for model development or validation.
• Good understanding of banking environment and wholesale portfolios.

Job Details:

Company: Barclays

Vacancy Type:  Full Time

Job Location: New Delhi, Delhi, IN

Application Deadline: N/A

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