Avp, Quantitative Analyst Modeler

AVP, Quantitative Analyst Modeler
New York, New York

Barclays Services Corp.

What will you be doing?

• Provide support for audits on model development and implementation, by both internal and external auditors.
• Implement models in Barclays Model Execution Framework (MEF) Python based production environments.
• Shepherd models through the internal validation process with the Internal Validation Unit (IVU).
• Build, implement and execute statistical models, supporting Loss Forecasting, specifically building and implementing models for Comprehensive Capital Analysis and Review (CCAR), Current Expected Credit Losses (CECL), and other regulatory and financial programs.
• Provide other ad hoc analytics as required to support business needs and strategic direction.
• Provide ad hoc analytical support for other uses of CCAR and CECL throughout the Business as Usual (BAU) risk management process, and ad hoc analytical support for strategic business decisions such as portfolio acquisitions and sales.
• Provide supporting analysis for model results.
• Work with large dataset for modeling data preparation. Apply statistical and programming skills in model variable selection, model fitting and model forecasting.
• Make improvement and updates to the model development code.
• Support model implementation.
• Support model performance monitoring.
• Support model validation and model issue remediation.
• Produce model documentation.
• Build and document predictive models in accordance with Barclays standards, policies and procedures.

What we’re looking for:

Requires a Master’s degree in Economics, Statistics, Financial Mathematics, Mathematical Finance or a related field and at least three (3) years of experience as a Quantitative Analyst, Risk Modeling Analyst or a related position with a financial services firm. At least three (3) years of experience must include: Conducting data analysis to support model data preparation and development; Building predictive and regulatory models to support model development and test and analyze model forecasting results; Implementing statistical and economic knowledge to conduct statistical tests, explore how different portfolio attributes and macroeconomic variables are impacting the risk of portfolios, and support model development; Documenting predictive and regulatory models to support model development; Working with large data sets to conduct model development and implement model execution; Utilizing SAS and R Programming to perform analysis.

Where will you be working?

You will be working at our New York, New York location at 745 Avenue. This 37-story office tower is located in Times Square in the heart of Manhattan and features a cafeteria, fitness center and state-of-the-art LED signage on the façade of the building. The building is easily accessible to Restaurants, Shops and Public Transportation.

Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.

Our Values

Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. Our values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.

Our Diversity

We aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals.

It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, 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.

Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.

Our Benefits

Our customers are unique. The same goes for our colleagues. That's why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our dynamic working options for colleagues. If you have a need for flexibility then please discuss this with us.

Salary/Rate Minimum/yr: $160,000
Salary/Rate Maximum/yr: $170,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.

This position is eligible for incentives pursuant to Barclays Employee Referral Program.