VP - Senior Modeling Engineer

New York, United States

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Date live: Oct. 11, 2022

Business Area: COO & Functions

Area of Expertise: Risk

Reference Code: 90277805

Contract: Permanent/Regular

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Senior Modelling Engineer
New York

As a Barclays Senior Modelling Engineer will serve as a dedicated mortgage credit modeler. To better align us with growth in Securitized Products and to positions us to better support other teams in European markets, this role will play a critical role. The Quantitative Analytics Securitized Products team is responsible for the research, development and library implementation of quantitative models for securitized products globally.
Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality and innovation behind us. We've helped millions of individuals and businesses thrive, creating financial and digital solutions that the world now takes for granted. An important and growing presence in the USA, we offer careers providing endless opportunity.

What will you be doing?

•   Creating models and lead all discussions with appropriate stakeholders to present findings and establish a course of action compliant
•   Communicating with trading desks to establish priorities as needed
•   Conducting data analysis and present results to support modelling hypotheses
•   Implementing models as proto-types and discuss implications
•   Implementing models in our analytic framework
•   Documenting models and co-ordinating with model owners to get approval
•   Collaborate with IT partners and other functions to facilitate the adoption of models developed

What we’re looking for:
•   Masters in quantitative disciplines
•   Domain knowledge of markets dynamics, both fundamental and technical, influencing mortgage prepayment and default performance is critical.
•   Proficient with any one or more of the following: SAS/R/Python
•   Comfort level with coding in advanced C++ in a large group setting
•   Proven level of experience in modelling mortgages and some C++ coding experience over career.

Skills that will help you in the role:
•   Very good skills of presenting and articulating, both oral and written
•   Knowledge of modelling prepayments/ defaults and/ or RMBS cash flow structures
•   Familiarity of third party tool: Intex

Where will you be working?
You will be working at our Americas Headquarters at 745 Seventh Avenue. This 37-story office tower is located in Times Square in the heart of Manhattan and features a cafeteria, fitness center and state-of-the-art LED signage on the facade of the building.

More about working at Barclays

Our approach to hybrid working ensures there’s the right balance of working alongside colleagues at our onsite locations, as required for each role. For business areas that offer a hybrid working experience, this will be in a structured way, where colleagues work at an onsite location on fixed, ‘anchor’, days of the week. Some roles may require full onsite working. Please discuss the working pattern requirements for the role you are applying for with the hiring manager.

We continue to embed and review our hybrid working environment and remain in a phase of testing and learning. This means that working arrangements could change, with reasonable notice, to align with the needs of our business.

Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review Adjustments to the recruitment process.

We’re committed to providing an inclusive culture and environment, that recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees globally to work flexibly empowers each of us to work in a way that suits our lives, as well as enabling us to better service our customers’ and clients’ needs.

Our approach to working flexibly is designed to support you to balance your life and to accommodate diverse needs, whilst still allowing us to meet our business needs. If you’d like to request a flexible working arrangement, please discuss this with your hiring manager.

We're committed to providing a supportive and simplified experience for our candidates throughout the application and assessment process. Here, you will find information about what to expect and some guidance around your assessment and interview.

While the application process depends on the role, there are some constant steps, which are;

Step 1 - Your application
Step 2 - Your assessment
Step 3 - Your interview
Step 4 - Next steps

We aim to create an inclusive work environment where everyone can reach their full potential. If you require any adjustments to our recruitment process, please click here to learn more.

Find out more information here.

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.
We are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

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 must be reviewed. It is important that you 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 any employment offer being withdrawn at any time.

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