Cross Markets - Regulatory Developer VP

Barclays•New York, NY

1d•$180,000 - $225,000•Onsite

About The Position

The purpose of the role is to design, develop, implement, and support mathematical, statistical, and machine learning models and analytics used in business decision-making. This involves designing analytics and modeling solutions for complex business problems using domain expertise, collaborating with technology to specify dependencies, developing well-documented solutions, implementing them in stable software, and providing ongoing support. The role also requires adherence to Barclays Enterprise Risk Management Policies, particularly Model Risk Policy, and ensuring development activities are within the defined control environment. As a Vice President, the role contributes to strategy, drives requirements, makes recommendations for change, and manages resources, budgets, and policies. For individual contributors, this means being a subject matter expert, guiding technical direction, leading multi-year assignments, training less experienced specialists, and advising stakeholders on functional and cross-functional impacts. The role involves managing and mitigating risks, demonstrating leadership in risk management and control strengthening, and understanding organizational functions to achieve business goals. Collaboration with other areas is essential to stay updated on business activity and strategies. Solutions will be based on sophisticated analytical thought, in-depth analysis, and interpretative thinking to define problems and develop innovative solutions, incorporating outcomes of extensive research. Building and maintaining trusting relationships with stakeholders is key, using influencing and negotiating skills. All colleagues are expected to demonstrate Barclays Values (Respect, Integrity, Service, Excellence, Stewardship) and the Barclays Mindset (Empower, Challenge, Drive).

Requirements

Advanced C++ and Python skills
Object-oriented programming
Standard Template Library (STL)
Boost library
Experience with financial models and implementations adhering to regulatory requirements (FRTB SA, FRTB IMA, CCAR)
Experience in managing statistical research projects
Experience in performing complex statistical analysis
Experience analyzing Value at Risk methodologies (e.g., Historical Simulation)
Understanding of the Greeks
Experience providing quantitative support to business teams
Experience developing and maintaining quantitative tools
Experience with onboarding company risk interfaces
Experience collaborating with IT to integrate analytics libraries
Experience with code maintenance
Experience enhancing quantitative tools
Experience developing and optimizing high-performance software
Experience collaborating with cross-functional teams to integrate C++ and Python components
Experience designing and supporting core technological components for an internal cross-product library.
Subject matter expert within own discipline (for individual contributor roles)
Ability to guide technical direction (for individual contributor roles)
Ability to lead collaborative, multi-year assignments (for individual contributor roles)
Ability to guide team members through structured assignments (for individual contributor roles)
Ability to identify the need for the inclusion of other areas of specialisation to complete assignments (for individual contributor roles)
Ability to train, guide and coach less experienced specialists (for individual contributor roles)
Ability to provide information affecting long term profits, organisational risks and strategic decisions (for individual contributor roles)
Ability to advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
Ability to manage and mitigate risks through assessment, in support of the control and governance agenda.
Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
Ability to collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
Ability to create solutions based on sophisticated analytical thought comparing and selecting complex alternatives.
In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
Ability to adopt and include the outcomes of extensive research in problem solving processes.
Ability to seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.
Demonstrate Barclays Values (Respect, Integrity, Service, Excellence, Stewardship).
Demonstrate Barclays Mindset (Empower, Challenge, Drive).

Nice To Haves

Experience with machine learning models and analytics

Responsibilities

Design analytics and modelling solutions to complex business problems using domain expertise.
Collaborate with technology to specify any dependencies required for analytical solutions, such as data, development environments and tools.
Develop high performing, comprehensively documented analytics and modelling solutions, demonstrating their efficacy to business users and independent validation teams.
Implement analytics and models in accurate, stable, well-tested software and work with technology to operationalise them.
Provide ongoing support for the continued effectiveness of analytics and modelling solutions to users.
Demonstrate conformance to all Barclays Enterprise Risk Management Policies, particularly Model Risk Policy.
Ensure all development activities are undertaken within the defined control environment.
Contribute or set strategy, drive requirements and make recommendations for change.
Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures.
If managing a team: define jobs and responsibilities, plan for the department’s future needs and operations, counsel employees on performance and contribute to employee pay decisions/changes.
If managing a team: lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements.
If the position has leadership responsibilities: demonstrate clear leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard (L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others).
If an individual contributor: be a subject matter expert within own discipline and guide technical direction.
If an individual contributor: lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments.
If an individual contributor: train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions.
Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
Manage and mitigate risks through assessment, in support of the control and governance agenda.
Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives.
Perform in-depth analysis with interpretative thinking to define problems and develop innovative solutions.
Adopt and include the outcomes of extensive research in problem solving processes.
Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.
Ensure financial models and implementations adhere to regulatory requirements, including FRTB SA (Standardized Approach), FRTB IMA (Internal Models Approach), and CCAR (Comprehensive Capital Analysis and Review).
Manage statistical research projects, discuss and implement designs with IT partners, and coordinate with stakeholders on issues and timelines.
Perform complex statistical analysis to collect, organize, interpret, and summarize data, providing insights for business functions to develop effective solutions.
Analyze Value at Risk methodologies, including Historical Simulation, and understand the Greeks to support strategic Profit and Loss frameworks.
Provide quantitative support to multiple business teams, develop and maintain quantitative tools, and assist with onboarding company risk interfaces.
Collaborate with IT to integrate analytics libraries, perform code maintenance, and enhance quantitative tools.
Develop and optimize high-performance software using advanced C++ and Python skills, leveraging the Boost library for seamless interoperability and multi-threading capabilities.
Apply object-oriented programming and the Standard Template Library (STL) to create efficient, maintainable, and scalable solutions.
Collaborate with cross-functional teams to integrate C++ and Python components, ensuring robust and versatile software deliveries.
Design and support core technological components for an internal cross-product library.