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Economic Crime Model Validation & Assurance

senior · Risk & Compliance

Job Description

Purpose of the role

To verify the accuracy, reliability, and soundness of the bank's analytical models by independently validating and assuring the quality of models. 

Accountabilities

• Development and implementation of validation plans for new and existing models.
• Preparation of model documentation that clearly explains the model's methodology, assumptions, limitations, and risks.
• Development and implementation of ongoing monitoring frameworks to ensure continued model accuracy and effectiveness, ensuring appropriate controls and governance in place.
• Analysis and assessment of the model's accuracy, performance, and compliance with regulatory requirements.
• Performing back testing and stress testing to assess model robustness under different conditions.

Vice President Expectations

• To 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, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also 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, 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 will be a subject matter expert within own discipline and will guide technical direction. They will 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. They will 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. In-depth analysis with interpretative thinking will be required 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.

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.

Join us as an Economic Crime Model Validation & Assurance, where you will play a critical role in providing independent oversight, assurance, and governance across the Financial Crime tool and model landscape. In this role you will be responsible for ensuring that tools and models operate effectively, are appropriately governed, and continue to meet business, regulatory, and risk management requirements.

You will lead assurance and validation activities, maintaining comprehensive inventories, documentation, and governance records across a portfolio of Financial Crime tools and models. Working closely with stakeholders across Risk, Compliance, Technology, and Operations, you will assess the effectiveness of controls, identify and investigate issues, and perform root cause analysis to understand underlying drivers of model or tool performance concerns.

To be successful as an Economic Crime Tool & Model Validation Manager, you must have the following essential skills:

• Deep Financial Crime knowledge, with an understanding of financial crime risks, controls, and regulatory expectations within the Financial Services sector.

• Proven experience operating within model governance frameworks, including model oversight, validation, lifecycle management, and governance activities.

• Demonstrable assurance experience, with the ability to independently assess control effectiveness, identify risks and provide constructive challenge.

• Experience supporting or conducting testing and validation activities to assess the effectiveness and performance of Financial Crime tools and models.

• Proven ability to identify issues, assess materiality, perform root cause analysis, and develop recommendations to enhance controls and mitigate risk.

• Excellent analytical and problem-solving skills, with the ability to interpret complex information and communicate findings clearly to stakeholders.

• Experience operating within regulated environments, ensuring adherence to internal policies, governance standards, and regulatory requirements.

Some other highly valued skills may include:

• Experience challenging stakeholders with integrity, whilst maintaining positive and effective working relationships

• Knowledge of Transaction Monitoring, Screening, or Financial Crime Risk Assessment frameworks.

• Experience supporting regulatory reviews, internal audits, or remediation programmes.

You 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 skills.

This role will be based in our London, Knutsford or Northampton office.