Model Monitoring Analyst

Join Our Dynamic Team!

Join the dynamic CCR Model Monitoring team, where you’ll dive into the exciting world of counterparty credit risk models! You’ll collaborate with the Risk Models Group (RMG), Credit Risk Technology (IT), Risk Information Services (RIS), and Counterparty Risk Management (CRMU), making every day a new and exciting challenge. Get ready to monitor, investigate, and present model performance using cutting-edge processes and systems, all while engaging with top-tier professionals in the field.

Model Monitoring Analyst Key Skills

To be successful as a Model Monitoring Analyst, you should have experience with:

• Strong analytical skills, and experience in manipulating data for both investigation and report production.
• Good written and verbal skills, a strong governance and challenge mentality, and good attention to detail.
• Good coordination skills, with a proven ability to work on multiple conflicting deliverables within tight timeframes.
• Proficiency in Microsoft Excel.

• A working knowledge of or desire to learn Python & SQL is preferable.
• Awareness of CCR regulation.

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking, and digital and technology, as well as job-specific technical skills.

Purpose of the Role

To assess, monitor, and manage the potential for financial loss due to the default of a bank's trading partners.

Accountabilities

• Monitoring the bank's exposure to each counterparty across different product lines and asset classes.
• Analysis of the financial condition and creditworthiness of the bank's counterparties, including corporations, financial institutions, and sovereign entities.
• Development and implementation of credit scoring models to quantify counterparty risk.
• Conducting stress testing to assess the impact of potential counterparty defaults on the bank's capital and liquidity.
• Negotiation and management of collateral agreements with counterparties to mitigate potential losses in case of default.

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard, consistently driving continuous improvement.
• In-depth technical knowledge and experience in their assigned area of expertise.
• Thorough understanding of the underlying principles and concepts within the area of expertise.
• Lead and supervise a team, guiding and supporting professional development, allocating work requirements, and coordinating team resources.
• 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.
• For an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate.
• Impact the work of related teams within the area.
• Partner with other functions and business areas.
• Take responsibility for the end results of a team’s operational processing and activities.
• Escalate breaches of policies/procedures appropriately.
• Take responsibility for embedding new policies/procedures adopted due to risk mitigation.
• Advise and influence decision-making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation, and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisation's products, services, and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex/sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside the team and external to the organisation.

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.