Job description


  • Entry level
  • No Education
  • Salary to negotiate
  • Prague


Model Control Office - 90224209
Primary Location:Czech Republic-CZ-Prague-Prague
Job Type:Permanent/Regular
Posting Range:27 Feb 2019 - Ongoing
Job Title

Model Control Office

Prague, Czech Republic

Model Control Office (MCO) is a relatively new unit created at the beginning of 2017 in response to the model risk being classified as a primary risk for investment banking. The unit has a wide remit encompassing all aspects of model monitoring and control and model documentation.
Composed of subject matter experts, MCO acts as a model owner delegate and is accountable for internal controls and compliance to external regulations. It partners with MRMR, QA, RnA, functions and business to deliver its strategic objective of enhancing controls around model used by Barclays. MCO covers all asset classes.
What will you be doing?

The role will sit within Barclays International Risk department. It is created to strengthen the controls around mathematical models used by Barclays and ensure model documentation is written to the high standard with adherence to the regulatory requirements.
• Key Accountabilities
o Ensuring that the model documentation is correct, comprehensive and complete;
o Remediating incomplete / creating missing End-to-End model documentation;
o Leading review/remediation of any controls around the models to satisfy the regulatory requirements.
• Stakeholder Management and Leadership
o The role will require the individual to interact with multiple stakeholders in different areas including but not limited to FO, risk function, quantities analytics, etc. The candidate should be comfortable take a lead on the model documentation /controls remediation and discussing this agenda with colleagues of any grade.
• Decision-making and Problem Solving
o The individual would need to have excellent problem solving skills and ability to work independently while contributing to the team’s overall objective.
• Risk and Control Objective
o Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays
What we’re looking for:

• Quantitative background;
• Several years of experience working in a similar role or another quantitative position such as QA or model validation;
• Strong product knowledge including derivative products;
• Working understanding of technology infrastructure surrounding model implementation;
• Good understanding of existing / potential direct/indirect model controls implemented within FO, Market Risk, Product Control, etc.
Skills that will help you in the role:
• Knowledge of the SR 11-7 Standard.
Where will you be working?

With 120 thousands of employees and over 326 years of tradition, we are one of the largest banking company in the world. Over the years, we have come up with many revolutionary ideas that changed the way people think about their finances; whether it was the first credit card issued in Great Britain or the first ATM machine, we have always been trying to push the banking business a little further. Our Prague office is part of the Operations and Technology Division, and as such, we try our best to stay at the top of our technological game. However, the technology itself is not the most important thing. What matters the most to us is the way our ingenuity can help provide better service to our customers and make life easier for our employees.
Interested and want to know more about Barclays? Visit for more details.
Our Values

Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. Our values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.

Our Diversity

We aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals.
Our Benefits

Our customers are unique. The same goes for our colleagues. That's why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension,

About the company

Barclays moves, lends, invests and protects money for 48 million customers and clients worldwide.

We have over 325 years of history and expertise in banking. From our beginnings in Lombard Street, London through to the launch of the world’s first ATM and innovative mobile phone payments services, find out more about our achievements to date.

Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP.

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