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VP, Quantitative Modeler

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Job Details
Job Order Number
Company Name
Physical Address

Wilmington, DE 19806
Job Description

Barclays Services Corp. seeks a VP, Quantitative Modeler for its Wilmington, DE location.

Duties: On behalf of a global financial services organization, develop and apply mathematical and statistical theory and methods to collect, organize, interpret, and summarize numerical data to support Comprehensive Capital Analysis and Review (CCAR) exercises. Formulate and apply mathematical and statistical modeling, theoretical modeling, empirical-testing, and historical back-testing. Formulate statistical analysis of relevant revenue data, and document underlying model and methodology. Design, develop, implement, and validate statistical models and segmentation strategies for credit card portfolio’s Pre-Provision Net Revenue (PPNR) elements including balance, payment, purchase, and interest income. Relay complex model design and results information to senior management, bank supervisors, internal audit, model validation team, and model owners. Utilize knowledge of Credit Card and Consumer Loan portfolios, applying mathematical judgement and statistical testing, to analyze and define data requirements, business revenue segmentation, and business drivers. Adhere to model validation governance and controls and perform calibration and testing to ensure models are in compliance with company policy and SR11-7 Federal Reserve Bank standards. Implement and test forecasting models with company statistical model development framework, integrate models with model execution framework (MEF), and facilitate usage of models in internal planning processes. Participate in regulatory exams, prepare responses to queries related to models, and perform further tests where required. Develop and maintain internal model development tools for model selection and calibration. Guide team in conducting research with respect to industry best practices regarding statistical techniques for performing model development. Contribute to development of Quantitative Analytics department by participating in peer review, terms of reference reviews, modelling forums, and ad hoc project collaboration. Supervise and mentor between 2 and 4 junior level Quantitative Modelers.

Requirements: Minimum of Master’s degree, or foreign equivalent, in Statistics, Economics, Mathematics, Finance, Financial Engineering, or related field and three (3) years of experience as a Quantitative Analyst, Quantitative Researcher, Model Developer, Risk Modeler, Modeling Associate, or related occupation for a financial services organization. In the alternative, will accept a Bachelor’s degree, or foreign equivalent, in above specified fields and five (5) years post baccalaureate progressive experience in above specified occupations. Must have at least three (3) years of experience with each of the following required skills: SAS, Python, R, SQL, and C# to perform data analysis, model development, and model implementation; Regression and time series analysis; Developing and forecasting models in accordance with Comprehensive Capital Analysis and Review; Statistical Inference; Credit card and consumer loan portfolio business; Analyzing big data and structuring large database systems including Oracle, Teredata, MySQL, and SQL. Barclays is an EEO/AA employer.

Title: VP, Quantitative Modeler

Location: Delaware-Wilmington

Requisition ID: 00268145

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