BIA VP - Model Risk

Job Description

Purpose of the role

To support the development of audits aligned to the bank’s standards and objectives by working collaboratively with colleagues, providing accurate information and recommendations, and complying with policies and procedures.

Accountabilities

• Audit development and delivery support, including financial statements, accounting practices, operational processes, IT systems and risk management.
• Identification of operational risks to support the delivery of the Barclays Internal Audit (BIA) Audit Plan through risk assessments.
• Assessment of internal control effectiveness and their capability to identify and mitigate risk aligned to regulatory requirements.
• Communication of key findings and recommendations to stakeholders, including the Audit Owner, senior managers and directors.
• Identification of regulatory news and industry trends/developments to provide timely insight and recommendations for best practice.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others..
• OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Join us as " BIA VP - Model Risk" at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionise our digital offerings, ensuring unapparelled customer experiences.

To be successful as " BIA VP - Model Risk", you should have experience with:

• Strong prior experience in Model Risk Management, Model Development, Model Validation, or Model Audit for models related to traded products or financial derivatives or credit risk or counter-party credit risk or fraud risk or climate risk or Artificial Intelligence /Machine Learning.
• Strong analytical and problem-solving capabilities with excellent judgement and a risk-based mindset.
• Excellent communication skills. Ability to communicate effectively and have difficult conversations with senior stakeholders (technical and non-technical).
• Strong written skills and meticulous adherence to detail.
• Quantitative postgraduate /Engineering (B Tech) degree or professional qualification (CFA, ACA, FRM, FIA, CAIA, MBA etc).

Desirable skillsets/ good to have:

• Demonstrated project management experience and ability to conduct complex work under pressure
• Proven working experience and exposure on end-to-end audits.
• Experience in leading others in large project / initiatives / audit assignments
• Strong risk and control understanding
• Knowledge of one or more programming languages (Python, SAS, R)
• Proven track record of high performance in previous roles
• Knowledge about new and emerging financial products and services
• Display willingness and initiative to learn and share knowledge.

You may be assessed on the key critical skills relevant for success in role, such as experience with modelling / model monitoring / model validation / model risk management /model risk audit role, as well as other job-specific skillsets.

This role will be based out of Pune.