Model Risk Analyst

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients. We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities. Title: Model Risk Analyst Business Unit: Enterprise Risk Location: London, UK Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific. Job Summary Model Risk is part of Enterprise Risk Management, a second line independent oversight function at Barings that includes Investment Risk, Organizational Risk, and Counterparty Risk. Model Risk is responsible for developing and implementing the Firmwide Model Risk Management (MRM) framework. A key component of the MRM framework is the assessment, management, measurement, and reporting of model risk per the Firm's policies and standards. This includes model validation and governance activities, initial model validation and model performance review, risk rating of models, front-to-back model governance, and control. The objective is to ensure that models fit the intended purpose in the business context and that model users are aware of the models' strengths and limitations impacting their decisions. Working under the direction of the Model Risk Manager and the Chief Risk Officer, the Model Risk Analyst will be responsible for evaluating, reviewing, and validating internal models and UDTs. The Analyst will be expected to document their review in a high-quality validation and testing report that highlights findings and proposes remediation and mitigation actions. This role requires working in partnership with business and model owners/users throughout the organization. This will involve interaction with many teams across finance and risk, lines of business (front/middle/back office), and reporting groups. The ability to work efficiently and communicate effectively across these boundaries will be one of the keys to success. Primary Responsibilities Review model design, assumptions, and output Produce high-value model review reports, highlighting risks and limitations of the model in a concise manner. Effectively complete the entire review process, including identifying, logging, and tracking model review rating, findings, reports, and communications with model owners. Support the creation, maintenance, adherence to, and tracking of the annual model review plan. Communicate to business audiences through verbal and written presentations describing the results of the review and testing analyses and recommend remediation strategies to address the findings. Supporting the process of designing, developing, delivering, and maintaining best-in-class mode and user-developed tools (UDTs) review and testing process standards, guidance, practices, templates, and other documentation. Work closely with business owners/model users and developers to understand the business context for model use and facilitate the model approval process. Review and conclude on the completeness and effectiveness of remediation efforts completed by model owners to address model review findings. Qualifications 2-4 years of relevant experience in model validation and testing role, ideally within a global asset manager Background or experience with various models (including pricing, capital, and/or financial forecasting models) and the model development and maintenance life cycle. Strong analytical and computer skills, including experience with quantitative analysis technical tools and techniques. Ability to explain complex financial modeling/valuation concepts to diverse audiences and experts to various clients Experienced user of Microsoft Office Suite, especially Excel, PowerPoint, and Word. Knowledge of VBA, Python, MATLAB, or R language would be a plus. Independent Self-starter who can perform effectively in a results-driven environment Degree in Finance, Engineering, Economics, Math/Statistics, Physics, or related quantitative discipline (candidates with no advanced degree but have strong practical experience will be considered) #LI-HYBRID #LI-REMOTE #LI-JS1 Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.