Job Description

Our internships are the perfect introduction to the world of financial services. You\xc3\xa2\xc2\x80\xc2\x99ll be immersed in your chosen business area, learning from our people and taking on real business challenges.Wherever you join us, you\xc3\xa2\xc2\x80\xc2\x99ll discover a platform to help you absorb the essential skills and knowledge you\xc3\xa2\xc2\x80\xc2\x99ll need to progress on your journey at Barclays. You\xc3\xa2\xc2\x80\xc2\x99ll receive genuine support and encouragement, with both senior and junior mentors to guide you; and you\xc3\xa2\xc2\x80\xc2\x99ll have the opportunity to take part in networking and social events. We want you to feel part of our community from the very start.Key informationDate live: 08/29/2024Business Area: See job descriptionArea of Expertise: Early CareersContract: InternReference Code: JR-0000011568Job descriptionAbout Quantitative AnalyticsQuantitative Analytics (QA) is a global organisation of highly specialized quantitative modellers and developers. QA is led by Olaf Springer, who is a member of Risk Exco.QA is responsible for developing, testing, implementing, and supporting quantitative models for valuation and risk management of traded assets, regulatory and economic capital, impairments, asset-liability management, operational risk, net revenue and balance sheet forecasting, and stress testing across Barclays.About QA Model MonitoringQA Model Monitoring acts as one of the primary ways to mitigate Model Risk by highlighting areas of sub-optimal performance and by proposing effective remediation plan for models in use by business. Model Risk is the potential of adverse consequences (e.g. financial loss, reputational impact, regulatory censure etc.) due to decisions based on incorrect or misused model outputs and reports. This can arise from fundamental model weaknesses leading to inaccurate outputs, errors in implementation, or incorrect/inappropriate use. Monitoring team periodically evaluates model performance. Monitoring findings help business decide upon the further uses of the model to continue, adjust, or discontinue and rebuild the model.Overall purpose of role

• Performance monitoring and analysis of Decision, Planning & Stress Testing, Impairment and Regulatory Capital models etc. across Retail and Wholesale banking portfolios including Wholesale, Mortgage, Cards, Loans, SME, Corporate Lending etc.
• Documentation of monitoring reports as per the standard guidelines and presenting the same to senior management and various decision-making committees
• Drive and provide support in the Model Management decision making, model improvements and governance activities

Key Accountabilities

• Understand construct of various credit risk models and produce timely and accurate model monitoring packs
• Interpret various model performance KPIs, metrics and trends, and analyse the impact they have on related portfolios and model use
• Discuss the model performance with the portfolio teams, and present the outcome in various decision-making committees to assist in the decision making process
• Standardize & automate the monitoring packs using appropriate software and statistical programming languages e.g. Excel, SQL, R, SAS, Python etc.
• Drive and provide support in the monitoring governance activities like writing minutes of meetings, follow up to close action items etc.

Purpose of the roleTo support the day-to-day operations of the risk division by monitoring the bank\xc3\xa2\xc2\x80\xc2\x99s risk profile, identifying and managing risks and providing insights and expertise to support senior colleagues to make informed decisions.Accountabilities

• Execution of small research projects to support risk identification and strategic decision making. Prepare presentations and reports to communicate the findings to senior management.
• Collaboration with cross-functional teams to support business initiatives.
• Participation in training and development programs to enhance skills and knowledge.
• Identification and management of risks including reviewing and challenging business propositions.
• Management of business and client relationships under steadily decreasing supervision.
• Support of risk management and decision making by using financial models and strategies.

Analyst Expectations

• Execute work requirements as identified in processes and procedures, collaborating with and impacting on the work of closely related teams.
• Check work of colleagues within team to meet internal and stakeholder requirements.
• Provide specialist advice and support pertaining to own work area.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work\xc3\x82 and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how all teams in area contribute to the objectives of the broader sub-function, delivering impact on the work of collaborating teams.
• Continually develop awareness of the underlying principles and concepts on which the work within the area of responsibility is based, building upon administrative / operational expertise.
• Make judgements based on practise and previous experience.
• Assess the validity and applicability of previous or similar experiences and evaluate options under circumstances that are not covered by procedures.
• Communicate sensitive or difficult information to customers in areas related specifically to customer advice or day to day administrative requirements.
• Build relationships with stakeholders/ customers to identify and address their needs.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship \xc3\xa2\xc2\x80\xc2\x93 our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset \xc3\xa2\xc2\x80\xc2\x93 to Empower, Challenge and Drive \xc3\xa2\xc2\x80\xc2\x93 the operating manual for how we behave.What you get in returnHowever high you rise at Barclays, we believe all our employees should receive a competitive package of core benefits flexible to you and your family\xc3\xa2\xc2\x80\xc2\x99s needs. At Barclays, you\xc3\xa2\xc2\x80\xc2\x99ll support our customers and clients, and we\xc3\xa2\xc2\x80\xc2\x99ll support you with rewards that will genuinely make a difference. See some of the benefits* you could receive when joining us full-time.Paid holiday and vacationCompetitive payPrivate medical careDisability assuranceFlexible workingLife assuranceVoluntary benefitsRetirement planning*This is an example of benefits offered to full-time employees. Specific benefits may vary based on the type of role, programme and location.Where will you be located?Share jobWhy Barclays?There\xc3\xa2\xc2\x80\xc2\x99s no other business quite like Barclays. There are no other careers quite like ours. We\xc3\xa2\xc2\x80\xc2\x99re here to champion your development, and we truly want you to enjoy your career journey. We\xc3\xa2\xc2\x80\xc2\x99ll give you all the support and encouragement you need to make the most of this experience. And you\xc3\xa2\xc2\x80\xc2\x99ll have the chance to make a genuine contribution to our inclusive culture and support our purpose as we serve our customers, clients, communities and colleagues.The Barclays WayThis is the spirit of Barclays. It\xc3\xa2\xc2\x80\xc2\x99s why we exist, what we believe and how we behave. But most importantly, it\xc3\xa2\xc2\x80\xc2\x99s how we make decisions, take action and get things done.PurposeWorking together for a better financial future.ValuesWe believe great talent RISES. It acts with Respect, Integrity, Service, Excellence and Stewardship.MindsetWe discover our full potential through our desire to Empower, Challenge and Drive each other.You get exposed to really supportive and intelligent people that push you to be your best self.- AlexiIt's great to be surrounded by so much technical talent, but also people through a variety of functions. And I feel like I thrive because there's so much opportunity to network.- ImogenThere's really a lot of impactful work you can do day to day. You get to work with really senior engineers on a daily basis and you learn a lot from working with them.- YumingI can reach out to anybody and know that I will be able to find mentorship, support and just a community at Barclays as well.- BeckyMore about working at BarclaysHow to ApplyWe're committed to providing a supportive and simplified experience for our candidates throughout the application and assessment process. Here, you will find information about what to expect and some guidance around your assessment and interview.While the application process depends on the role, there are some constant steps, which are;Step 1 - Your application
Step 2 - Your assessment
Step 3 - Your interview
Step 4 - Next stepsWe aim to create an inclusive work environment where everyone can reach their full potential. If you require any adjustments to our recruitment process, please let us know as part of your application.Find out more informationDiversity and InclusionBarclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.We are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.Right to workBarclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.

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