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 and associated 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 creating financial and digital solutions that the world now takes for granted.
Working Flexibly We're committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers' and clients' needs. Whether you have family commitments or you're a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs.
Hybrid Working We are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. We're flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. We also have a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances
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 decision-making 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 none with a real buzz being created around the offices within. #LI - Hybrid
