Model Risk Policy and Standards Team - London, United Kingdom - Barclays

Barclays

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Model Risk Framework

London

As a Barclays Model Risk Framework, you 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.

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 creating financial and digital solutions that the world now takes for granted

Working Flexibly

What will you be doing?:

Providing support in driving a sustained bestinclass model risk management framework that aligns and complies with supervisory expectations
Staying abreast of new supervisory guidance on model risk, conducting gap analysis to identify areas of policy improvement and driving the timeline for remediation
Being 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 twoway relationships with other risk practices, finance, and the business to understand 1st line of defence feedback and frameworks
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, external audit and regulators and driving remediation actions to resolution as needed

What we're looking for:

Practical and pragmatic in judgment, analysis and decision making
Analytically numerate with demonstrable critical thinking skills
Cogent and accurate interpretation of model risk management related rules and regulations in relevant global jurisdiction
Deep knowledge of SR117 and other applicable model risk regulatory expectations (e.g. CP6/ 22, SS3/ 18) for model risk management

Skills that will help you in the role:

Experience in AIML model from the framework and/ or governance perspective
Direct experience in developing frameworks and translating into standards and procedures
Proven track record of delivery under tight deadlines

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 none with a real buzz being created around the offices within.

LI-Hybrid