AM- Independent Validation Unit

Purpose of the role

To validate and approve models for specific usages both at inception and on a periodic basis, and of model changes, as well as conducting annual reviews. 

Accountabilities

• Validation of models for their intended use and scope, commensurate with the complexity and materiality of the models.
• Approval or rejection of a model or usage based on assessment of the model’s conceptual soundness, performance under intended use and the clarity of the documentation of the model’s inherent risks, limitations and weaknesses.
• Assessment of any compensating controls used to mitigate Model risk.
• Documentation of validation findings and recommendations in clear and concise reports, providing actionable insights for model improvement.
• Evaluation of the coherence of model interactions and quality of Large Model Framework aggregate results that generate output for regulatory submissions or management decision making and planning.
• Design of the framework and methodology to measure and, where possible, quantify model risk, including the assessment of framework level uncertainty.

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• 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 develop technical expertise in work area, acting as an advisor where appropriate.
• 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.

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Join us as a "Analyst " at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences .Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you should declare this as part of your application. Sponsored visas are role and entity specific, and any changes must be reviewed. It is important to ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work mayresult in your application or employment offer being withdrawn at any time.

• Location: Noida

Overall purpose of role

Independent Validation Unit (IVU) is one of the key areas under MRM. As a second line defence function, IVU approves or rejects models following a technical review thereby ensuring transparency and effective management of risk associated with any model in which Barclays relies upon for financial or non-financial decisions.

Essential Skills/Basic Qualifications:

• Expertise on quantitative techniques used in developing and validating models including Strategic, AI/ML - Large Language model (LLM), Natural Language Processing (NLP), Random Forests, Gradient Boosted Machines, Deep Neural Networks, decision trees and cluster analysis.
• Strong analytical skills with experience developing or validating predictive machine learning models (e.g., Large Random Forests, Gradient Boosted Machines and Deep Neural Networks, Language model (LLM), Natural Language Processing (NLP) etc.) on large data sets in in Hadoop/AWS environments using tools such as Python, Spark and MLLib with high focus on gaps/ issue identification.
• Proven expertise/in depth knowledge of one or more of the following areas of model risk management: Fraud, IFRS9, Basel, Application/Behavioural Risk scorecards, Existing Customer Management etc.
• Good communication and influencing ability to effectively follow through on requirements from stakeholder and strong documentation expertise.
• Hands-on experience in the use of statistical packages such as SAS, R, Python. Expert user of Microsoft Excel, Word, PowerPoint, and other Microsoft Office tools.
• An ability to identify and analyse appropriate external data sources for model development or validation.

Desirable skills/Preferred Qualifications:

• Relevant experience in a modeller/validator role in the financial services industry.

Certification in Machine Learning