Analyst - Counterparty Risk Models Group

Purpose of the role

To design, develop, implement, and support mathematical, statistical, and machine learning models and analytics used in business decision-making

Accountabilities

• Design analytics and modelling solutions to complex business problems using domain expertise.
• Collaboration with technology to specify any dependencies required for analytical solutions, such as data, development environments and tools.
• Development of high performing, comprehensively documented analytics and modelling solutions, demonstrating their efficacy to business users and independent validation teams.
• Implementation of analytics and models in accurate, stable, well-tested software and work with technology to operationalise them.
• Provision of ongoing support for the continued effectiveness of analytics and modelling solutions to users.
• Demonstrate conformance to all Barclays Enterprise Risk Management Policies, particularly Model Risk Policy.
• Ensure all development activities are undertaken within the defined control environment.

Analyst Expectations

• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

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 a Counterparty Risk Models Group (RMG) Analyst at Barclays, which is an exciting opportunity within the Counterparty Credit Risk function. RMG’s main responsibility is to act as Model Owner for the bank’s advanced Counterparty Credit Risk (CCR) exposure models, used for both internal risk management purposes and regulatory capital.  For the latter, Barclays has received permission from the Prudential Regulation Authority (PRA) and European Central Bank (ECB) to use the Internal Model Method (IMM). Maintaining its current permissions is of strategic importance for the bank. RMG is also responsible for CCR exposure stress testing models, also used for both risk management and regulatory purposes. 

The focus of the role will be Counterparty Credit Risk model ownership, throughout the model lifecycle, including activities such as CCR model monitoring, documentation, development, testing, validation and remediation.

The role holder is expected to contribute to a robust model governance framework by performing annual model reviews and quantitative analysis, model governance forum management, supporting audit activities, and assisting with regulatory exams and submissions.

In order to be successful as a Counterparty Risk Models Group (RMG) Analyst, you should have

• Bachelor’s degree in Maths, Statistics, Sciences, Accountancy, Finance, Business, Engineering or Economics or substantial directly related experience.
• Good written and verbal skills, a strong governance and challenge mentality and good attention to detail.
• The successful candidate will have a keen interest in financial markets and Counterparty risk concepts
• A self-starter, focused on timely delivery, with the ability to think and proactively drive tasks through to completion with other team members.
• Excellent communicator, both verbally and in written form.

Other highly valuable skills include

• Master’s degree, or PhD in any of the aforementioned subjects.
• Experience using Microsoft Office, including Excel. Experience with Python/SQL would be beneficial but not necessary.

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

Location: Glasgow