Have an interview with Barclays model risk team (NYC) for AVP position with no direct reports. I'm currently a Team Lead (since a year ago) VP at a community bank with 1 direct report.

The panel interview is with Director, and two VPs. Is this normal at Barclays? Any insights into model risk/quant analyst interviews at Barclays are appreciated.

Thoughts on backward shift to AVP and individual contributor with a decent salary bump? Is it worth it from a career progression POV?

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Bit of a challenge to justify a step back without a view as to where they would expect you to be in 1-2 years. Barclays is sizable shop among the FBOs, so not the worst. For a step down, I’d rather be at a bigger name shop. Also — model risk is not exactly a glamorous spot, so get comfortable with that (and getting dumped on by the business lines).

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Definitely. And look at the Michael Paige salary guide - decent benchmark.

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I don’t know anything about your position but I am a recruiter for Barclays and if you get brought on I can help with onboarding and background check stuff

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If it’s anything like barclays U.K. definitely not worth it unless a massive/significant bump in salary. You will be waiting 2-5 years for the progression as culture is toward longevity and first in first promoted over knowledge and experience.

The interview for avp sounds about right, we can have 1 director and 1 vp depending on the space I.e corporate/ wealth/ private/ risk and or compliance (not including group). Insight only thing I can offer is that we heavily use the star model for interviews, although most questions can be found only honestly with a bit of digging.

Would I go backwards in barclays? No, honestly not worth it, the amount of time it will take you to get to your original title is just wasted years that could have been spent elsewhere getting skills at your current or higher level for a decent bump. I have done five years in five positions in barclays and honestly either side step or upwards never go backwards.

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Would go for a larger American bank if you would be taking a step down in title. Their CCAR programs would have been much more mature by this time and you will have more exposure to retail for eg. A plus with foreign banks is that they have to build out stress testing for Europe now so may get some exposure there with BOE and FINMA rolling out requirements. You’d pretty much have to wait 2 years for a promotion btw.

Ask for a better title if you’re interested in the role

i went from VP at one bank to AVP at barclays and doubled by salary - just depends on your. circumstances

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