Barclays Off Campus Freshers Recruitment As Hiring Details:
About Company:
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.
Job Profile: Analyst – Models Centre of Excellence
Work Location: Chennai, Tamil Nadu, India
Job Contract: Permanent
Reference Code: 90384864
Introduction:
The Models CoE framework provides model execution and results analysis capabilities for stress testing. Significant effort will be required to conduct the stress test and comply with requirements around the following:
• Model execution of assigned group wide stress testing models (including Climate reporting, CCAR, ACS, EBA)
• Estimates of projected revenues, losses, reserves and balance sheet
• Supporting documentation for results analyses
• Participate in Internal Audit review
• Interaction on model validation and model risk governance
• Creating effective challenge framework
What will you be doing?
• Work on deliverables across numerous teams (e.g. Quantitative Analytics, Front Office, Risk, Treasury, etc) and work streams (e.g. model development, documentation, results governance, etc) ensuring timelines are met.
• Assist in the projection model development process and participate in the discussions/assessment of model methodology and documentation, including engagement with senior stakeholders.
• Model execution ownership and re-development across a broad range of revenue and Balance Sheet models.
• Work closely with the business, CFO BP, Product Control and the modelling team to develop, assess, and challenge the assumptions and approach used in forecasting.
• Ability to interpret regulatory guidance in order to build models that will be used by the organization to drive stress testing deliverables.
• During execution of the models, coordinate the data aggregation within various infrastructure areas within the bank (i.e. Front Office, Regulatory Control, Product Control, Risk, and Treasury) to complete the forecasting analysis and reviews as well as the cross function hand-offs.
• Assist in the development of a stress testing data quality process and monitoring framework
• Develop robust internal controls including policies and procedures; change control; comprehensive documentation; model validation; and review by IA
• Role requires significant analytical and technical skills and evaluative judgement in order determine appropriate model methodologies but also to determine the right balance between model sophistication and practical application/understanding by stakeholders.
• Leverage knowledge of financial statement analysis and technical framework to make sound decisions regarding forecasting/overlays, governance, controls, and model framework.
What we’re looking for:
• Bachelor of Science/Business Administration degree in Economics, Finance or Accounting
• 0-2 years of relevant experience
Skills that will help you in the role:
• Strong written and verbal communication skills
• Sound understanding of financial statement analysis
• Experience in building and maintenance of financial models on MS Excel, and the ability to crunch numbers from large datasets and produce actionable insights/analytics
• Robust analytical and problem solving skills
• Ability to work with multiple teams to drive business outcomes
• Knowledge of investment banking products and markets
• Basic understanding of Greenhouse Gas (GHG) emissions, and sourcing and bottom up aggregation of financed emissions across a portfolio of companies
• Prior experience in developing / execution of stress testing models (especially balance sheet and/or income statement) in the banking industry
• Understanding of key model risk management principles prescribed by global.
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Note: Shortlisted candidates will receive an email/call for the further interview process.