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The UK Consumer Credit Models Modelling Team is responsible for the development of models for use across Barclays Retail Secured and Unsecured portfolios (including Mortgages, Loans and Current Accounts). This role will be focus on the UK models.
Models developed will be used within the business to forecast Impairment Charge (credit loss provisioning), for the calculation of Regulatory/Economic Capital, and associated stress testing and for application processes (scorecard development).
The role holder will be responsible for the development of mathematical models and their associated documentation, as well as support of model implementation and their use.
Key Accountabilities and Skills required:
Key specific accountabilities
Development of Impairment, Regulatory/Economic Capital, Stress Testing and scorecard Models used across Barclays Retail Secured and Unsecured portfolios.
Provide business with insights and recommendations in order to improve strategy and process.
Opportunity to lead modelling projects end-to-end.
Identify and use cutting edge techniques to develop best in class decision tools.
Share and seek out best practice across the modelling areas to develop self and mentor colleagues, to support the creation of a world class team.
Develop high-standard SAS code and model documentation. Delivering robust, predictive models and tools that are compliant with both internal and external regulations.
Deliver high levels of accuracy and internal consistency/validation within own projects and provide support for colleagues with their projects.
Ensure accurate implementation of models and support their use, interpretation and monitoring.
Work closely with the model monitoring team to support timely and insightful model performance tracking, enabling the business to make rapid credit decisions against market condition changes.
Risk and control objective
Ensure that all activities and duties are carried out in full compliance with regulatory requirements. Barclays Operational Risk Framework and internal Barclays Policies and Standards.
Stakeholder management and leadership
Participation with stakeholders across the business in order to understand their issues, objectives and priorities; suggest and discuss potential solutions.
Help to communicate the results of the models developed or other analytics to business owners; help to drive business actions based on the results.
Help manage the trade-off between tactical and strategic to meet customer needs.
Decision making and problem solving
Identify opportunities to improve the models and processes in order to maximize value.
Be pro-active in identifying and analysing the value of incremental information sources.
Your Skills and Qualifications will include
A good knowledge of data analysis, theory and multivariate statistical techniques (e.g. Logistic Regression).
An ability to produce reports and interrogate systems to produce analysis and resolve discrepancies/queries.
Expertise in the use of SAS Stat procedures such as "LOGISTIC", "REG" and "SCORE".
Ability to act as 'Team Expert' in a specialist knowledge area of analytics that will complement the detailed knowledge of other team members.
Full understanding of Credit Risk Processes and Strategies, including knowledge of credit loss provisioning.
A good understanding of the Group's Model Risk Policy.
An understanding of the fundamental principles of the Basel II Accord and / or of IAS 39 / IFRS9.
Preferred completion of a degree or equivalent in statistics, mathematics, operations research or related area or significant relevant experience