Quantitative Model Validation (Pensions)
Opportunity is closed
Posted: Mar 7, 2025
Project ID: BCLYJP00052847
Location: London
Hours/week: 35 hrs/week
Timeline: 6 months
Overall purpose of the role:
We are looking for a highly analytical and detail-oriented Quantitative Model Validation expert to help build and validate a customer-centric pensions proposition. The successful candidate will ensure that external model suppliers deliver solutions that meet the bank’s requirements while ensuring compliance with model governance frameworks.
Key Accountabilities:
1. Assist in building out a customer-centric pensions proposition.
2. Validate and test financial forecasting and cashflow models, ensuring accuracy and compliance.
3. Review and document model specifications with a business and decumulation focus.
4. Conduct sanity checks on model documentation and submit findings to governance teams.
5. Serve as a point of contact for model-related queries from internal validation units.
6. Monitor ongoing model performance and draft periodic validation reports.
7. Liaise with external suppliers to ensure deliverables meet business needs.
8. Influence and adjust the scope of work to align with strategic objectives.
Key Skills:
1. Educated to degree level in a technical or scientific subject (Mathematics, Physics, Engineering, etc.). A postgraduate qualification is preferred.
2. Proficiency in VBA and Python.
3. Strong ability to write complex technical documentation.
4. Experience working within model governance frameworks in a finance industry setting.
5. Expertise in financial forecasting and cashflow modelling using stochastic methods.
6. Ability to collaborate with internal and external stakeholders and work within tight deadlines.
About Barclays:
Barclays is a British universal bank, diversified by business, by different types of customers and clients, and by geography. Barclays businesses include consumer banking and payments operations around the world, as well as a top-tier, full-service, global corporate and investment bank, all supported by its service company which provides technology, operations, and functional services across the Group.
Values:
Everything Barclays does is shaped by its five values of Respect, Integrity, Service, Excellence, and Stewardship. The Barclays values inform the foundations of its relationships with customers and clients, but they also shape how Barclays measures and rewards the performance of colleagues.
Diversity:
Barclays aims to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included, and their talents are nurtured, empowering them to contribute fully to Barclays vision and goals.
Hybrid Working:
Barclays is currently in the early stages of implementing a hybrid working environment, allowing colleagues to spend part of their working hours at home and part in the office, depending on the nature of the role.
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