Barclays
Vice President, Model Risk Management
Barclays, New York, New York, us, 10261
Job Description
Purpose of the role
To design frameworks, provide governance of model risk, controls, infrastructure and reporting as well as providing oversight for compliance of the Model Owner community with the Model Risk Management framework
AccountabilitiesDevelopment, maintenance and management of a globally consistent model risk framework that complies with the firm's major regulatory requirements.Delivery of model inventory and workflow, including associated data quality & reporting and oversight of Quantitative Processes.Assessment of the controls employed by the various areas of Barclays that own models to determine their level of compliance with and implementation of the Model Risk Framework.Establishment of the Model risk appetite. Model risk tolerance reports are provided to the respective Group level and legal entity committees where relevant.Management of the strategic Validation Center of Excellence, performing independent quality assurance to assess whether validation outcomes are well supported by IVU's assessment of the model.Oversight of regulatory and audit responses and interactions within MRM.Vice President Expectations
To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..If managing a team, they define jobs and responsibilities, planning for the department's future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..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 will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.Manage and mitigate risks through assessment, in support of the control and governance agenda.Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.Adopt and include the outcomes of extensive research in problem solving processes.Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills 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.
Barclays Services Corp seeks Vice President, Model Risk Management in New York, NY (multiple positions available):
Design and implement data processes for model risk projects taking into account stakeholder needs and technical strategy of the organization.Support the execution of various reporting and data projects in compliance to risk management policies and procedures.Perform data processing, analysis and aggregate information from various data sources, conduct risk review alongside senior risk managers.Build, produce and deliver monthly and quarterly reports pertaining to risk management and model performance to senior management.Lead automation of risk reporting by creating Dashboards, using tools such as Python or R to analyze model risk and any risk events, control issues and other breaches against firm policies and standards.Perform model validation and provide effective challenge to model components throughout the model lifecycle, including modelling data and input, modeling methodology and performance, model assumptions and limitation.Present model validation results, including findings and model ratings, to model owners, users, senior management and when requested by regulators and internal audit.Assist in stress test activities such as CCAR / DFAST, ICAAP, IST and assess the comprehensive of model assumptions, data sources, limitations, and weaknesses of the databases, systems, and frameworks.Perform quality assurance on reports to ensure they are in line with relevant governance related standards and policies.Support UAT testing activities for new applications and systems that are used within Model Risk.Regularly review controls to ensure on-going best fit, compliance and efficiency improvements can be implemented.May Telecommute
Salary / Rate Minimum/yr: $184K per year
Salary / Rate Maximum/yr: $202K per year
The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.
This position is eligible for incentives pursuant to Barclays Employee Referral Program.
Purpose of the role
To design frameworks, provide governance of model risk, controls, infrastructure and reporting as well as providing oversight for compliance of the Model Owner community with the Model Risk Management framework
AccountabilitiesDevelopment, maintenance and management of a globally consistent model risk framework that complies with the firm's major regulatory requirements.Delivery of model inventory and workflow, including associated data quality & reporting and oversight of Quantitative Processes.Assessment of the controls employed by the various areas of Barclays that own models to determine their level of compliance with and implementation of the Model Risk Framework.Establishment of the Model risk appetite. Model risk tolerance reports are provided to the respective Group level and legal entity committees where relevant.Management of the strategic Validation Center of Excellence, performing independent quality assurance to assess whether validation outcomes are well supported by IVU's assessment of the model.Oversight of regulatory and audit responses and interactions within MRM.Vice President Expectations
To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..If managing a team, they define jobs and responsibilities, planning for the department's future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..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 will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.Manage and mitigate risks through assessment, in support of the control and governance agenda.Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.Adopt and include the outcomes of extensive research in problem solving processes.Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills 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.
Barclays Services Corp seeks Vice President, Model Risk Management in New York, NY (multiple positions available):
Design and implement data processes for model risk projects taking into account stakeholder needs and technical strategy of the organization.Support the execution of various reporting and data projects in compliance to risk management policies and procedures.Perform data processing, analysis and aggregate information from various data sources, conduct risk review alongside senior risk managers.Build, produce and deliver monthly and quarterly reports pertaining to risk management and model performance to senior management.Lead automation of risk reporting by creating Dashboards, using tools such as Python or R to analyze model risk and any risk events, control issues and other breaches against firm policies and standards.Perform model validation and provide effective challenge to model components throughout the model lifecycle, including modelling data and input, modeling methodology and performance, model assumptions and limitation.Present model validation results, including findings and model ratings, to model owners, users, senior management and when requested by regulators and internal audit.Assist in stress test activities such as CCAR / DFAST, ICAAP, IST and assess the comprehensive of model assumptions, data sources, limitations, and weaknesses of the databases, systems, and frameworks.Perform quality assurance on reports to ensure they are in line with relevant governance related standards and policies.Support UAT testing activities for new applications and systems that are used within Model Risk.Regularly review controls to ensure on-going best fit, compliance and efficiency improvements can be implemented.May Telecommute
Salary / Rate Minimum/yr: $184K per year
Salary / Rate Maximum/yr: $202K per year
The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.
This position is eligible for incentives pursuant to Barclays Employee Referral Program.