Economic Capital Validation Analyst - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

As a Barclays Economic Capital Validation Analyst you will be trained to become a validator primarily for the economic capital models and stress testing models cross various risk types.

You will combine qualitative and quantitative skills to correctlyidentify key issues of models and assign remediation actions and communicate results at different forums working closely with senior stakeholders.

Your Role sits within a high performing team where knowledge sharing is highly promoted.

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
business needs.

Hybrid working
Please discuss the detail of the working pattern options for the role with the hiring manager.

What will you be doing?:

Building challenger models to help the validation review and challenge process for all new and existing models
Validating models by looking into data quality, assumptions and limitations, model design and conceptual soundness, implementation, performance results
Understanding internal Policies and Standards, defining and supporting the assessment of Model risk
Creating and maintaining the correct information in the Group model database for the set of validated models
Assisting Lead Validator and work closely across teams to meet timeline

What we're looking for:

A quantitative background, i.e. a MSc in Econometrics, Statistics, Economics, Mathematics, Operational Research or Physics
Minimum of one to two years of relevant experience in risk model development
Good knowledge/experience in at least one of the main risk types in scope and economic capital/stress testing modelling
Solid programming experience (preferably in Python and/or R)

Skills that will help you in the role:

A Ph.

D. in quantitative fields, such as Mathematics, Physics, Operational Research, Econometrics, and Economic

Good knowledge of IFRS9 and IRB models and ICAAP framework
Solid programming experience in C++/SQL

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