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We regulate financial services firms in the UK, to keep financial markets fair, thriving and effective. By joining us, you’ll play a key part in protecting consumers, driving economic growth and shaping the future of UK finance services. The Risk & Compliance Oversight Division (R&CO) is the FCA’s second line of defence, responsible for the Risk Management Framework, organisation-wide risk oversight and reporting, regulatory investigations, compliance oversight and complaints.
Job Responsibility
Contribute to the development and embedding of the model risk management framework, supporting training, communication and adoption across the FCA
Provide oversight, guidance and constructive challenge to first line of defence (1LOD) model development and governance activities
Work closely with modelling teams to support model risk assessments, evaluate controls, advise on validation approaches and help ensure model inventory data is accurate and complete
Support assurance activities such as independent model validations and thematic reviews
Support the maintenance and ongoing development of the FCA Model Inventory, including contributing to data analysis and reporting for senior stakeholders
Work collaboratively with R&CO colleagues to stay informed on developments across risk and contribute to updates on internal AI and model risk
Build and maintain a network across key 1LOD areas (e.g. Advanced Analytics, Data Management, AI Governance) and stay up to date with developments in AI and Model Risk Management
Adhere to the FCA values and ways of working in the delivery of outcomes
Requirements
Experience delivering modelling, machine learning, or data science projects
Experience contributing to the implementation of a model risk framework, including supporting training, guidance, or communications
Practical coding experience in Python, SQL, or R
Good knowledge of a range of modelling and machine-learning techniques
Interpersonal skills, with the ability to provide clear, balanced and practical advice
Experience working with stakeholders, with the confidence to engage effectively across different teams
A collaborative approach, building positive working relationships to reach shared outcomes
Good organisational skills, with the ability to manage competing priorities and deliver high-quality work to deadlines
Problem-solving ability, applying sound judgement and making evidence-based recommendations
Able to adjust and work effectively in a changing environment
What we offer
25 days annual leave plus bank holidays
Non-contributory pension (8–12% depending on age) and life assurance at eight times your salary
Private healthcare with Bupa, income protection and 24/7 Employee Assistance
35 hours of paid volunteering annually
Hybrid model where employees work a minimum of 40% in the office each month (expectation of 50% for senior leaders). Changing from September to a minimum of 50% in the office each month (expectation of 60% for Directors and Executive Directors)
A flexible benefits scheme designed around your lifestyle