Avp-model Validation

Embark on a transformative journey as an AVP-Model Validation at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences. Model Risk Management (MRM) is a function reporting directly to the Group Chief Risk Officer and responsible for the identification, assessment, monitoring and management of model risk within Barclays. Model risk is the potential for adverse consequences from decisions based on incorrect or misused model outputs. Models are defined broadly in the Group Model Risk Policy to encompass all methods, systems or approaches that apply statistical, economic financial or mathematical theories, techniques and assumptions to process inputs into quantitative outputs. MRM is currently responsible for approving in excess of 1800 models. The function covers both the independent validation of Barclays’ models and model governance and controls.