Wholesale Credit Models Mco - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

As a Barclays Wholesale Credit Model Control Office (MCO) Manager, you will be responsible for the management of the wholesale credit risk models (PD, LGD and EAD), ensuring that both the business and regulatory risk arising from use of these models andassociated systems are effectively controlled.

You will be also responsible for sponsoring and leading change across the end to end rating system. This new model development may also include a variety of changes that impact model inputs or outputs.

Barclays is one of the world's 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 Flexibly

Hybrid Working

What will you be doing?:

Working with the Model and Rating System Owner, and other senior stakeholders, in developing and executing the wholesale credit risk models strategy
Developing and maintaining close working relationships with key stakeholders across the BI businesses and also with the functional areas, which support and/or partner with the team in delivering its objectives
Keeping abreast with regulatory developments, proactively responding to any implications for IRB modelling
Managing and maintaining the current model inventory in line with Model Risk Policy, including presenting at senior models and rating system related committees
Leading and supporting projects that have bearing on wholesale credit risk models and the wider rating system

What we're looking for:

Excellent knowledge of the businesses, portfolios and context within which models are used
Good knowledge and experience in using project management methods and disciplines
Familiarity with regulatory programmes related to IRB models and role of related regulators (PRA, ECB, Federal Reserve, EBA)
Exceptional understanding of the regulation of Internal Ratings Based models of credit risk

Skills that will help you in the role:

Excellent written and verbal communication skills
Excellent problem solving and decisionmaking skills, able to break down complex issues and to deliver practical solutions
Significant knowledge of statistical models
Exceptional managerial and collaborative skills, inspiring and encouraging personal excellence within and outside the team

Where will you be working?

In 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.

LI - Hybrid