Location
Delhi | India
Job description
Job Title: VP Model Risk Framework
Location: Noida
About Barclays Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.
Risk and Control Objective Take ownership for managing risk and strengthening controls in relation to the work you do.
Working Flexibly
We're 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' and clients' needs. Whether you have family commitments or you're 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, and your request will be reviewed subject to business needs
Hybrid Working
Structured Hybrid Role 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, 'anchor', 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.
Introduction The role will be responsible for supporting design, rollout and evolution of Model Risk Frameworks that incorporate supervisory expectations and industry best practices to ensure a sustained best-in-class approach to Model Risk Management. This includes legal entity supervisory expectations of model risk management with regards to stress testing and BAU models, model risk appetite, and model risk reporting. As part of this responsibility, leading engagement/communication with internal and external stakeholders (e.g. Model Ownership Areas, Quantitative Analytics Teams, Validation Teams, Regulators and Auditors) will be a paramount to ensure the frameworks and their codification into Policy and Standards are well designed, understood and appropriately integrated into the broader Barclays control framework.
The role is further tasked with developing model risk framework training for the Independent Validation Unit (IVU) as well as enterprise-wide training ensuring that the model risk framework is wellunderstood and consistently applied.
The position interacts extensively with model risk governance in each business unit. The position is responsible for incorporating feedback from the business and key stakeholders as it impacts the Model Risk Framework.
What will you be doing - Supporting, through maintenance and development, a best-in-class model risk management framework that aligns and complies with industry guidance and supervisory expectations;
- Developing training materials and communicating with individuals subject to the frameworks to ensure the scope of the frameworks and resultant codification in policies and standards is clear to all constituents;
- Staying abreast of new supervisory guidance on model risk; conducting gap analysis to identify areas of policy improvement and driving timely remediation;
- Assisting business areas with answers to framework compliance questions;
- Act as an ambassador for the Model Risk Management program, ensuring that the model risk framework is communicated in a simple, clear and concise way throughout the firm;
- Building and maintaining effective two-way relationships with other risk practices, finance and the business, to understand 1st line of defence feedback and also to ensure that frameworks are understood and embedded;
- Sharing best practices and generic issues with stakeholders and providing training to enable compliance;
- Feeding into presentations to legal entity risk committees and other relevant forums;
- Interacting with Barclays Internal Audit and regulators and driving remediation actions to resolution as needed
What We're Looking For - Conceptual thinking – Ability to think strategically
- Relationship Management:
 Strong stakeholder management skills across all levels of seniority, as well as influencing and communication skills, including presentation to senior audience
 Ability to communicate clearly and efficiently with both technical and non-technical audiences
 Strong stakeholder management skills across all levels of seniority, influencing, communication skills
 Proven presentation skills across smaller and larger audience groups
- Planning and Organisation:
 Ability to track projects and actions to completion, and report on progress to various levels of seniority within Barclays
 Ability to prioritise work in order to maximise value for the business, ability to deliver quickly and under pressure is essential.
- PC skills - Competence in the use of Excel, Outlook, Word, PowerPoint, Visio.
- Team working - Ability to work with and in cross-functional and virtual teams across locations. Demonstrable track record of strong team work and delivery, within and across departmental teams.
- Quality and Controls – Ability to provide appropriate challenge and make recommendations where quality or control levels could be improved
A bachelor's degree or a master's degree in a financial or technical field
Skills That Will Help You In The Role - Specific/technical skills:
 Ability to produce high quality written communication and presentations including training materials to technical and non-technical audiences of levels of seniority
 Risk Governance experience including both business and technical acumen
 Knowledge of the Model Risk Group Policy and supporting standards and regulatory requirements (e.g. SR11-7, SS1/23) applicable to model risk management
Desirable skills
- Experience in multiple areas of risk including knowledge of Banking regulatory environment
- Direct experience in developing frameworks and translating into standards and procedures, preferably in the model risk space
- Proven track record of delivery under tight deadlines
Where will you be working Noida
Be More at Barclays
At Barclays, each day is about being more – as a professional, and as a person. 'Be More @ Barclays' represents our core promise to all current and future employees. It's the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.
Interested and want to know more about Barclays Visit home.barclays/who-we-are/ for more details.
Purpose, Values and Mindset
We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.
Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.
Respect
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.
Integrity
We operate with honesty, transparency and fairness in all we do.
Service
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
Excellence
We champion innovation, and use our energy, expertise and resources to make a positive difference.
Stewardship
We prize sustainability, and are passionate about leaving things better than we found them.
Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.
Empower
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
Challenge
Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.
Drive
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.
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