Saturday , April 13 2024

Barclays UK Jobs – QA Model Governance

Website Barclays

About the job

QA Model Governance (Empirical SME)


As a Barclays QA Model Governance (Empirical SME), you will support the units leads with all governance and model risk management requirements and help embed QA control framework. You will achieve this through effective planning of QA governance oversight throughout the model development, implementation and model monitoring cycle and coordination, review and challenge of QA control evidence.

Barclays is one of the world’s largest and most respected financial institutions, with 329 years of success, quality and innovation behind us. We offer careers that provide endless opportunity – helping millions of individuals and businesses thrive, and creating financial and digital solutions that the world now takes for granted.

Working Flexibly

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.

If you would like some flexibility then please discuss this with the hiring manager, and your request will be reviewed subject to business needs.

We are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. We’re flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. We also have a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances

Please discuss the detail of the working pattern options for the role with the hiring manager.

What will you be doing?

  • Planning, executing and overseeing QA Governance oversight work
  • Reviewing and challenging QA technical model documentation as well as control testing, conformance and audit activity
  • Contributing to discussions with key stakeholders, within and outside QA by providing insight based on Empirical model knowledge
  • Anticipating model and operational risk issues, to establish best practice guidance and improve the control framework
  • Working with QA developers and other stakeholders to summarise risk events and agree any actions needed to improve the control environment and prevent reoccurrence
  • Effectively communicate Model Governance outcomes and thematic topics to stakeholders within QA Management and others as required

What We’ Re Looking For

  • Relevant work experiences in model risk management
  • Extensive knowledge of Empirical Models and broad knowledge of financial products
  • A thorough understanding of regulatory guidance on model development best practices (e.g. Fed SR 11-7, PRA SS3/18)

Skills That Will Help You In The Role

  • Master’s or equivalent in a quantitative field such as mathematics, physics, financial engineering or equivalent
  • Experience of managing and working with complex projects and delivering to tight deadline

Where will you be working?

In the heart of Canary Wharf, our headquarters at Churchill Place boasts onsite amenities such as; a gym, staff restaurant and deli bar, and is easily accessible by tube and bus links. With a population of around 5000 staff the atmosphere is second to none with a real buzz being created around the offices within

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