Job Description 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. Assistant Vice President Expectations Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues. Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda. Take ownership for managing risk and strengthening controls in relation to the work done. Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function. Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy. Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively. Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience. Influence or convince stakeholders to achieve outcomes. 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 Compliance Data Model Validation Specialist at Barclays. You will be responsible for being a model validator for a wide range of IRB and IFRS9 models as well as support other model validation efforts in MTP, IST, ICAAP and BoE stress testing frameworks. These models/frameworks are crucially important for daily business management of the Barclays Group and its legal entities as well as to meet important regulatory requirements with respect to independent validation of these frameworks. Some responsibilities you will have as a Compliance Data Model Validation Specialist will be Perform technical analyses of AIRB and IFRS9 Wholesale Credit Risk models, data analyses, benchmarking, build challenger models (if needed) to support the validation review and challenge process Role holder must be able to challenge others and be open to challenge Role holder should seek direction on which issues are material but have own views on this also. Produce high quality model validation reports, with a particular focus on noting limitations, weaknesses and assumptions Technical development Self-study of developments in modelling and validation techniques; Contribution to internal and external technical presentations to enhance the team development. To be successful as a Compliance Data Model Validation Specialist you should have experience with: Highly numerate, as demonstrated by Honours degree, Masters or PhD (or similar) in a quantitative subject such as Mathematics, Physics, Operational Research, Economics, or Finance. Knowledge of CRD IV and familiarity with the IFRS9 ECL estimation framework. Significant experience of coding in R/SQL/C++/Python or equivalent language, including handling large datasets and writing functions. Good communication and influencing skills, ability to produce high quality written communication for technical and non-technical audiences. Some other highly valued skills include Ph.D./MSc in quantitative fields, such as Mathematics, Statistics, Finance, and Economics. Relevant experience in either model development or in model validation. Ability to work in a high performing team, and the ability to work with others in a diverse team. Beyond risk management, knowledge in financial projection, capital management and treasury. You may be assessed on 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: London