Saturday , April 13 2024

Barclays Careers – QRM Modeller

Website Barclays

About the job

Quantitative Risk Management (QRM) Model Developer


As a Barclays Quantitative Risk Management (QRM) Model Developer, you will have a specific focus on gathering and understanding ALM and Risk requirements and how best to model these in QRM for risk management of Interest Rate Risk in the Banking book (IRRBB). You will have a broad understanding of ALM and Risk management practices in Barclays and detailed and hands-on knowledge of how to implement change within the QRM model.

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.

This opportunity is open to flexible working arrangements. Such as working from home, flexible or compressed hours, and part-time options. If you have a need for flexibility, please apply and discuss this with us during the hiring process.

We are currently operating in a hybrid working environment, meaning 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. Please discuss the detail of the working pattern options for the role with the hiring manager.

What will you be doing?

  • Working with the Product Owner group, the Operations team and key Stakeholders to understand development requirements and how these would be carried out in QRM
  • Undertaking change and development of the QRM model, in line with Barclays-compliant development, changing and releasing management standards, practises and controls
  • Testing changes to the model and work with stakeholders to gain agreement and sign off
  • Working with the existing model team members to build up knowledge of the QRM model within the team. Being proactive in seeking out development opportunities
  • Ensuring documentation of the QRM model implementation is up-to-date and actively maintained

What We’re Looking For

  • Active and working hands-on knowledge of QRM models and the ability to make complex changes to QRM models – good knowledge of QRM and IRRBB modelling techniques
  • Solid understanding of Interest Rate Risk in the Banking Book – risk metrics like AEaR, EVE and VaR
  • Knowledge of products and services offered by major banks, the inherent risks and how to mitigate them
  • Self-motivated and able to work independently, as well work as part of a team, and in high pressure/variable working environments

Skills That Will Help You In The Role

  • Technical knowledge of Treasury or Risk functions in a bank
  • Experience of the risk management activities of Treasury and/or Balance Sheet Management function
  • Excellent numeric and analytical skills and the ability to learn quickly and grasp complex concepts
  • Clear communication skills and excellent organizational skills

Where will you be working?

Northampton was the birthplace of Barclaycard in 1966 and we’ve been based in Pavilion Drive since the building opened in 1997. This state-of-the art energy efficient building holds up to 2,500 staff. The office location is perfect for travel from the midlands and London alike as we are based just off the A45, it is easily accessible by both car and bus routes.

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