Job Description

We are seeking an Assistant Vice President to support independent assurance activities within the Model Risk Audit team. The role involves contributing to the audit validation of self-assessment templates for AIRB/FIRB model applications to the PRA and supporting thematic audit work across the model lifecycle. This is an excellent opportunity for individuals with model-related experience to apply their technical knowledge in a dynamic internal audit environment.

Key Responsibilities

Support the execution of audit reviews of AIRB/FIRB model self-assessment templates and related documentation for PRA submissions. Perform detailed testing and analysis to assess model methodology, governance, control design, and regulatory compliance. Review model documentation, validation reports, data quality assessments, and model performance monitoring outputs. Assist in evaluating compliance with Basel 3.1, CRR requirements, and PRA SS1/23 expectations. Prepare high-quality audit workpapers and contribute to audit findings, ensuring clear rationale and strong evidence. Engage with stakeholders across Model Development, Validation, Model Risk, and Regulatory Reporting to gather information and support audit closure. Contribute to continuous improvement initiatives, methodology enhancement, and knowledge building within the Model Risk Audit team. Support audit planning, risk assessment, and thematic analysis of emerging model risks.

Essential Skills & Experience

Experienced in Model Validation, Model Development, Model Risk Management, or Internal Audit with a quantitative focus. Good understanding of IRB credit risk models (PD, LGD, EAD, model monitoring, and regulatory expectations). Familiarity with Basel 3.1/CRR regulations, CRR attestation, and PRA model risk policies (e.g., SS1/23). Strong analytical and quantitative skills with the ability to interpret complex model documentation and data. Clear and concise communication skills, both written and verbal. Ability to work collaboratively and manage multiple priorities in a fast-paced environment.

Desirable Qualifications

Degree in a quantitative discipline (Economics, Statistics, Mathematics, Engineering, or similar). Professional certifications (CIA, FRM, CFA, PRM) advantageous. Prior exposure to regulatory submissions, risk reviews, or audit assurance.

You may be assessed on 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 London.

Purpose of the role

To support the development of audits aligned to the bank's standards and objectives by working collaboratively with colleagues, providing accurate information and recommendations, and complying with policies and procedures.

Accountabilities

Audit development and delivery support, including financial statements, accounting practices, operational processes, IT systems and risk management. Identification of operational risks to support the delivery of the Barclays Internal Audit (BIA) Audit Plan through risk assessments. Assessment of internal control effectiveness and their capability to identify and mitigate risk aligned to regulatory requirements. Communication of key findings and recommendations to stakeholders, including the Audit Owner, senior managers and directors. Identification of regulatory news and industry trends/developments to provide timely insight and recommendations for best practice.

Assistant Vice President Expectations

To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions. Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes 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 lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes. Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues. Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda. Take ownership for managing risk and strengthening controls in relation to the work done. Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function. Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy. Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively. Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience. Influence or convince stakeholders 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.