Model Validation AVP

Barclays

About The Position

Join us as a Model Validation AVP, where you will validate and approve risk models at inception, during usage changes, and through periodic and annual reviews. This role operates within the risk function and focuses primarily on retail credit models including credit cards and loan portfolios. You will independently review model documentation, perform testing and analysis, and clearly report findings to demonstrate model soundness and regulatory alignment. This role offers broad exposure across multiple model types and high impact validation work. To be successful as a Model Validation AVP, you should have: Experience in risk model validation, model development, or quantitative modeling within financial services Experience validating retail credit risk models such as credit cards and consumer loans Understanding of model risk management frameworks, governance, and regulatory expectations Some other highly valued skills may include: Ability to perform detailed analysis, testing, and independent challenge of models Written communication skills with experience producing clear and thorough validation documentation Quantitative discipline preferred You may be assessed on key critical skills relevant for success in this role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills. This role is based out of Wilmington, DE. Our Work Experience is the combination of everything that's unique about us: our culture, our core values, our company meetings, our commitment to sustainability, our recognition programs, but most importantly, it's our people. Our employees are self-disciplined, hard working, curious, trustworthy, humble, and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in the area.

Requirements

Experience in risk model validation, model development, or quantitative modeling within financial services
Experience validating retail credit risk models such as credit cards and consumer loans
Understanding of model risk management frameworks, governance, and regulatory expectations

Nice To Haves

Ability to perform detailed analysis, testing, and independent challenge of models
Written communication skills with experience producing clear and thorough validation documentation
Quantitative discipline preferred

Responsibilities

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.
To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness.
Collaborate closely with other functions/ business divisions.
Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function.
Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
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.
Influence or convince stakeholders to achieve outcomes.