Job Description

Purpose of the role

To design frameworks, provide governance of model risk, controls, infrastructure and reporting as well as providing oversight for compliance of the Model Owner community with the Model Risk Management framework 

Accountabilities

• Development, maintenance and management of a globally consistent model risk framework that complies with the firm’s major regulatory requirements.
• Delivery of model inventory and workflow, including associated data quality & reporting and oversight of Quantitative Processes.
• Assessment of the controls employed by the various areas of Barclays that own models to determine their level of compliance with and implementation of the Model Risk Framework.
• Establishment of the Model risk appetite. Model risk tolerance reports are provided to the respective Group level and legal entity committees where relevant.
• Management of the strategic Validation Center of Excellence, performing independent quality assurance to assess whether validation outcomes are well supported by IVU’s assessment of the model.
• Oversight of regulatory and audit responses and interactions within MRM.

Vice President Expectations

• 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.

Step into the role of AI Governance VP at Barclays, where you will be focused on supporting various aspects of AI governance/operating model, including the development and implementation of AI policies and standards, the creation and maintenance of the AI inventory, overseeing the AI risk tiering , establishing the production use guardrails, coordinating cross-functional AI risk assessments, supporting Generative AI proof-of-concepts, and contributing to the governance meetings. This role is crucial for effective communication and collaboration with a broad spectrum of stakeholders to ensure the Policy, Standards and Governance processes are well understood and appropriately integrated into the broader Barclays Risk Framework. It offers exceptional opportunities for a motivated individual to expand the knowledge in AI governance and operating model, areas with heightened focus in the financial industry and the broader economy. It will enable you to enhance your expertise in AI technology and its significant implications on business operations and regulatory compliance.

To be successful as a AI Governance VP, you should have experience with:

• Oversight and governance of AI/ML models at an enterprise level
• Developing, implementing, and overseeing the governance frameworks and policies    
• Key regulatory frameworks and standards relevant to AI use in the financial industry, such as EU AI Act, NIST guidelines, and the ability to apply these in a practical context
• Producing high-quality documents, presentation slides, and training materials to technical and non-technical audiences of levels of seniority

Some other highly valued skills may include:

• Excellent analytical or and problem-solving skills, proven in complex and dynamic settings      
• Strong negotiation and communication skills, both verbal and written, as well as exceptional interpersonal abilities to engage with diverse teams and stakeholders    
• An innovative mindset, capable of proposing effective solutions to control issues identified

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 is located in New York

Minimum Salary: $180,850

Maximum Salary: $219,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available.