Quant Analyst AVP
Overall purpose of role:
The individual will work within the Quantitative Quality Assurance team (Quant QA) and be actively involved in the validation of redress pricing models and review of redress calculations/outcomes across a number of complex projects within the Customer Portfolio Programme.
Liaison with internal business areas/ projects to obtain relevant information and detail
Detailed review and challenge (QA) of redress calculation policy and implementation through models
QA review performed through independent validation of models created by Quant QA team using Pricing tools from Standard Bank Applications Library
Assist in the maintenance and development of in-house Quant QA tools that calculate the redress outcome for a given project(s)
Assess interpretation of data and application of the project-specific redress policy
Highlight issues in the process and methodology for redress calculations
Liaison with Quality Control Checking (QCC) team members to ensure that QA review comments/actions are addressed in a timely manner
Serving as an escalation point for issues raised by other work streams related to QA work
Stakeholder Management and Leadership:
Due to the shared service nature of the role it is highly important that various Key Stakeholder relationships are managed effectively;
Managing Up - (Quant QA Lead, Overall QA Lead), Programme and Shared Service Leads (Director Level))
Managing Peers – Quant QA Analysts, Project Managers (AVP)
Managing more widely – Modelling/Project Teams
There will be an occasional need to manage relationships outside of the portfolio with areas of the business such as Risk, Internal Audit and External Audit.
Strong interpersonal skills are required as the right candidate will need to constructively challenge and influence a broad range of stakeholders on a regular basis.
The right candidate will need to lead best practice across your stakeholders and permeate standards and expectations of senior management throughout the portfolio community.
Decision-making and Problem Solving:
As a Quantitative Analyst role it will be required to:
Independently analyse project artefacts and independently review model inputs to ensure consistency and compliance with prescribed policy in redress calculation
Decide whether model inputs have been correctly specified or whether potential errors and omissions need to be regressed or escalated to senior quantitative management for review
Decide whether counterfactual redress models developed within Quant QA function need to be extended on an ad hoc or otherwise basis in case of bespoke redress elements not encountered before
Barclays is a British universal bank. They are diversified by business, by different types of customers and clients, and by geography. Their 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 their service company which provides technology, operations and functional services across the Group.
We are an equal opportunity employer and we are opposed to discrimination on any grounds.
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.
Everything Barclays does is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. Their values inform the foundations of their relationships with customers, clients, employees and contractors.
Barclays aims to foster a culture where individuals of all backgrounds feel confident in being themselves, feel included and empowered to add value.
We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager.