Join us as a " ISDA SIMM Model Governance. Analyst" 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.Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific, and any changes should be reviewed. It is important to ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or employment offer being withdrawn at any time.Support the execution and ongoing development/ governance of a key new regulation: margin for the non-centrally cleared derivatives. The regulation stems from a set of G20 financial reforms and team ensure Barclays remains compliant with the global regulatory requirements. Primary aspect of the role is regulatory governance of the ISDA SIMM model. This involves quarterly risk based and realised pnl based backtesting of the model, owning up recalibration, bench marking and other ISDA governance exercised for the bank. Supporting IVU for annual validation and ISDA participation in ISDA Governance forum, representing the bank.  Realised pnl backtesting requires detailed understanding of all trade types like ccy FX swaps, IR swaps, equity swaps etc and its functioning including cash flows, settlements etc. Risk based requires detailed understanding of greeks and var calculationTo be a succesfull ISDA SIMM Model Governance. Analyst", you should have experience with.Excellent verbal and written communication skills as the person is required to communicate with and present to global stakeholders and management team in several forums across the Investment Banking vertical.Strong analytical problem solver with trading or structuring experience with a comprehensive knowledge of the financial products across business (Equities, Fixed Income, Derivatives).Flexible in work long hours when required and aptitude for self-learning and ability to cope well under pressure and meet deadlines.Ambitious and Proactive in nature, should be able to take quick decisions and be an excellent Team player.Advanced Excel (Pivot tables, Macros), MS Office and SQL skills. Other IT Skills like Tableau, Python are desirable.Well organised with good time management skills and the ability to meet tight deadlines and prioritise tasks. Ability to multi-task and prioritise accordingly in a highly pressurised environment.Understanding of Derivatives and Risk Management principles.The person needs to have a proven record of willingness to take ownership and responsibility.We cover all regions Asia, EMEA and US. Flexibility with work times will be preferred.ome other highly valued skills may includeGood commercial experience working within Credit/ Market risk preferably in an international market.Proficiency in MS Excel. MBA with CFA, FRM, CQF or equivalentYou may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skillsNoida

Purpose of the role

To ensure regulatory and economic capital is calculated accurately and in line with external regulation / internal Barclays policy and to provide oversight and adequacy for expected losses arising from borrowers' defaults on loans, bonds, and other credit instruments.

Accountabilities

Calculation of RWAs/regulatory capital.Development, calibration, and implementation of credit risk models that estimate the probability of default (PD) and loss given default (LGD) for various borrower segments and credit products and explain the outcomes.Development and utilisation of quantitative models and risk forecasting tools to measure and predict potential credit losses.Analysis of credit trends, identify early warning signs of potential borrowers' issues, and assess the impact of economic and market developments on the portfolio credit losses and regulatory capitlal.Performance of portfolio stress testing exercises to assess the impact of various economic and market scenarios on regulatory capital.Maintenance and management of credit risk data effectively, ensuring accuracy, integrity, and timeliness.Delivery of internal/external regulatory reporting including committees and requirements relating to regulatory capital and impairment.Calculation of economic capital and associated reporting within ICAAP.

Analyst Expectations

To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.Requires in-depth technical knowledge and experience in their assigned area of expertiseThorough understanding of the underlying principles and concepts within the area of expertiseThey lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.OR for an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate.Will have an impact on the work of related teams within the area.Partner with other functions and business areas.Takes responsibility for end results of a team’s operational processing and activities.Escalate breaches of policies / procedure appropriately.Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.Advise and influence decision making within own area of expertise.Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.Make evaluative judgements based on the analysis of factual information, paying attention to detail.Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.Guide and persuade team members and communicate complex / sensitive information.Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.