Vice President, Model Risk - Barclays Bank : Job Details

Purpose of the roleTo 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 theirintended 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.Vice President Expectations

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. #J-18808-Ljbffr