CrawlJobs Logo

Model Risk - Senior Associate

United Kingdom, London Employment contract 59200.00 - 73800.00 GBP / Year · Job Posted June 03, 2026
Apply Position
Job Link Share

Job Description

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

Looking for more opportunities?

Search for other job offers that match your skills and interests.

Similar Jobs for

Model Risk - Senior Associate

8 matching positions

Credit Risk Senior Associate - Retail Mortgage

N26 is looking for a Credit Risk Senior Associate to join N26's Retail Mortgage ...
Location
Location
Germany , Berlin
Salary
Salary:
Not provided
n26.com Logo
N26
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • Bachelor's degree in finance, economics, mathematics, computer science, or a comparable quantitative field
  • 3+ years of experience in credit risk management, particularly with a focus on retail mortgage products, data analytics, process controls, or credit risk methodology development
  • Good understanding of key risk indicators across obligor, collateral, and portfolio levels within the mortgage domain
  • Solid understanding of processes across the entire mortgage value chain
  • Solid regulatory knowledge of Dutch (e.g., THRK), European (e.g., EBA GL LOM), and German (MaRisk, KWG) regulations
  • Proven experience in building, implementing, and running credit process controls and oversight frameworks
  • Strong proficiency in SQL
  • Fluent English
Job Responsibility
Job Responsibility
  • Contribute significantly to the further development of N26's mortgage credit risk function
  • Play a key role in the continuous enhancement of N26's global mortgage governance framework, policies, and procedures
  • Support the further development and seamless implementation of end-to-end mortgage credit processes and criteria
  • Design, implement, and operate robust second-line control frameworks and tools for mortgage processes and the portfolio
  • Develop and maintain a resilient and accurate mortgage credit risk database
  • Conduct in-depth data analysis and support further development of quantitative models (PD, LGD)
  • Proactively run comprehensive risk analyses, including assessing the impact of macroeconomic factors on collateral values
  • Partner with Mortgage Business, Group Treasury, Capital Markets, Corporate Finance, Risk Controlling, Accounting, Regulatory Reporting, and Tech departments
What we offer
What we offer
  • Competitive personal development budget
  • Work from home budget
  • Discounts to fitness & wellness memberships, language apps and public transportation
  • Premium subscription on your personal N26 bank account
  • Subscriptions for friends and family members
  • Additional day of annual leave for each year of service
  • A high degree of autonomy and access to cutting edge technologies
  • A relocation package with visa support for those who need it
Read More
Arrow Right

Model Validation Senior Analyst

This position is part of the Artificial Intelligence (AI) Review and Challenge G...
Location
Location
India , Mumbai
Salary
Salary:
Not provided
https://www.citi.com/ Logo
Citi
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • 3-6 years' experience in related field
  • Advanced degree (Master's and above) required in mathematics, statistics, computer science, engineering, data science, AI/ML
  • Experience/familiarity with AI/ML applications in cybersecurity, chatbot, natural language processing, image/voice recognition, robotic process automation
  • In-depth technical knowledge of common AI/ML techniques
  • Strong understanding of risks associated with AI/ML and corresponding mitigants
  • Ability to collaborate with peers and stakeholders with various background
  • Ability to effectively explain technical terms to audience with different levels of technical knowledge
  • Self-motivated and detail oriented
  • Proficiency in programs such as R and Python and common AI/ML packages
Job Responsibility
Job Responsibility
  • Provide independent review and effective challenge on the soundness and fit-for-purpose of AI/ML non-model objects used in Citi
  • Manage AI/ML risk across all life-cycle activities including initial review, ongoing monitoring, and periodic reviews
  • Conduct analysis and prepare detailed technical documentation reports sufficient to meet regulatory guidelines and exceed industry standards
  • Identify weaknesses and limitations of AI/ML objects and inform stakeholders of their risk profile and recommend compensating controls
  • Communicate results to diverse audiences such as AI/ML object owners and developers and senior management
  • Manage stakeholder interactions with AI/ML object developers and owners across the review lifecycle
  • Provide guidance to junior reviewers as and when necessary
  • Contribute to strategic, cross-functional initiatives within the model risk management organization
  • Appropriately assess risk when business decisions are made
What we offer
What we offer
  • Access to telehealth options, health advocates, confidential counseling
  • Expanded Paid Parental Leave Policy
  • Programs to manage financial well-being and help plan for future
  • Access to learning and development resources
  • Generous paid time off packages
  • Resources and tools to volunteer in communities
  • Fulltime
Read More
Arrow Right

Senior Associate, Packaging Engineer

Consumer packaging is everywhere and in many cases it’s unavoidable. Packaging ...
Location
Location
United States , New York
Salary
Salary:
90800.00 - 113500.00 USD / Year
harrys.com Logo
Harry's
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • Studied/degree in Packaging Engineering and/or studies in mechanical engineering, industrial design, materials and chemical engineering and related fields. BS in Package Engineering, Mechanical Engineering, other related disciplines, or demonstrated equivalent experience
  • 2+ years of experience in the design, testing, and development of new packaging using a range of component manufacturing processes and materials
  • Having knowledge of a variety of material properties and packaging components such as pumps, closures, bottles, tubes, aerosols, folding cartons, gift sets, flexible films and laminations
  • You have a good eye for design and aesthetics, plus experience with decorating techniques and materials used on primary and secondary packaging
  • Honest, direct, and ability to articulate and defend technical packaging decisions as well as communicate clearly with cross functional teams
  • Experience with 2D engineering drawings to define critical dimensions, and using engineering analysis methods such as Tolerance Analysis and Statistical Analysis
  • Experience in one 3D MCAD package (eg. Artios, Solidworks)
  • Extremely organized, dependable and self-motivated with the ability to excel in a hands-on, fast paced environment
  • Life-long learner: You love learning new things and are not afraid to admit when you don’t know an answer
  • Sense of humor -- we take our work seriously and ourselves un-seriously
Job Responsibility
Job Responsibility
  • Bring your passion and enthusiasm for package engineering to work every day
  • Research packaging sustainability/innovation/trends and develop packaging components that support new product introductions, retail exclusives, promotions and partnerships, and operational initiatives
  • Recommend and own packaging workstreams required to qualify packaging components, tooling, equipment and processes
  • Develop specifications as part of the package development process. Access, modify or create 3D CAD models and 2D engineering drawings to build prototype tools, samples, and approve component structures
  • Work with packaging component suppliers to design for manufacturing, apply robust testing plans to validate the design, and qualify production release in partnership with technical cross functional partners
  • Participate in and drive packaging engineering design reviews
  • Own packaging line trials and test plans. Troubleshoot packaging-related technical issues during development
  • develop risk mitigation plans and packaging alternatives
  • Work with the Production Artist team to develop color standards and establish production color ranges
  • Bring printing and decorating experience to the process of graphics design, decoration testing, and artwork approval
What we offer
What we offer
  • Medical, dental, and vision coverage
  • 401k match
  • Equity in Mammoth Brands
  • Flexible time off and working hours
  • Wellness and L&D stipends
  • 4 weeks sabbatical after 5 years, 6 weeks after 10 years, and 8 weeks after 15 years
  • 20 fully paid weeks off for parents who give birth, or 16 fully paid weeks off for all other paths to parenthood
  • Fun IRL and virtual events including happy hours, team building events, and parties on our rooftop
  • Free products from all of our brands
  • Fulltime
Read More
Arrow Right

Model Validation 2nd LOD Lead Analyst

Citibank, N.A. seeks a Model Validation 2nd LOD Lead Analyst for its Tampa, Flor...
Location
Location
United States , Tampa
Salary
Salary:
134300.00 - 154300.00 USD / Year
https://www.citi.com/ Logo
Citi
Expiration Date
June 25, 2026
Flip Icon
Requirements
Requirements
  • Master’s degree, or foreign equivalent, in Mathematics, Statistics, Engineering (any), or related field and 3 years of experience as a Model/Analysis/Validation Officer, Model/Analysis/Validation Senior Analyst, Research Assistant, or related position involving the credit risk model development, testing, and validation in a global financial services institution. Alternatively, employer will accept a Bachelor’s degree in the listed fields and 5 years of progressively responsible, post baccalaureate experience in the listed positions. Full span of experience must include: Data Analysis, identifying inconsistencies in data, and defining business issues
  • Assessment of model development process including data processing, conceptual soundness, and mathematical formulation
  • Statistical tests of model framework, assumptions, and performance
  • Financial Risk management
  • Economic research into macro-economic risk drivers, evaluation of model performance in various macro-economic scenarios, and evaluation of macro-economic impacts to inform capital planning
  • Proficient in statistical tests including Diagnostic Test, Sensitivity, Stress Testing, Backtesting, and Impact Analysis
  • Proficient in statistical software including R and large-scale analysis with SQL
  • Simulations and performance tests with Python, Java, Linux
  • Regulatory requirements including Basel, CCAR, ICAAP, IFRS9, and CECL
  • Technical writing and presenting, including regulatory initiatives such as Climate Risk examinations
Job Responsibility
Job Responsibility
  • Validate credit risk models using statistical and mathematical tools and economic and finance theories
  • Test model assumptions and assess model performance
  • Assess adequacy and relevancy related to modeling data
  • Design and execute quantitative and statistical testing on model framework and performance
  • Perform data analysis and quantitative/statistical tests using statistical tools, perform large-scale analysis with programming languages including Python, Linux, SQL
  • Manage model risk across the model life cycle including ongoing performance evaluations, annual model reviews, and monitoring and governance plans
  • Oversee the portfolios
  • Manage stakeholder interaction with model developers and business owners during the model life cycle
  • Provide effective challenge to model assumptions, mathematical formulation, model performances, and implementation
  • Assess and quantify risk associated with the model due to model limitations, and inform stakeholders of the risk profile and advise on development of compensating controls
What we offer
What we offer
  • medical, dental & vision coverage
  • 401(k)
  • life, accident, and disability insurance
  • wellness programs
  • paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays
  • Fulltime
Read More
Arrow Right

Capital Planning Senior Policy Analyst

Capital Planning and Management is a division that owns the enterprise-wide capi...
Location
Location
United States , Charlotte; Tampa
Salary
Salary:
Not provided
https://www.citi.com/ Logo
Citi
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • 7+ Years relevant experience
  • Prior experience in managing highly visible, complex initiatives and/or consulting experience
  • Capable of diving into details, while bringing a strategic add big picture perspective
  • Deep expertise in control environment and associated systems and tools of a large financial institution
  • Highly developed analytical and problem-solving skillset, and demonstrated ability to work with stakeholders across a large financial institutions
  • Experience with and confidence in delivering presentations to senior management
  • Strong organizational and follow-up skills and the ability to multi-task effectively in a highly dynamic environment
  • Excellent oral and written communications skills
  • must be articulate and provide direction with judgement and authority to enable effective validation with senior stakeholders.
  • Knowledge of the financial services industry and technology
Job Responsibility
Job Responsibility
  • Provide strategic support and execution for the Capital Policy and Management Function
  • Manage tasks and responsibilities associated with the planning, directing, coordination and support of day-to-day activities relating to Citi's capital policy documents and related projects/initiatives
  • Help operationalize controls associated with and in support of Citi's capital policy documents.
  • Create or update policy, standards, procedures and applicable controls and supporting process documents
  • Engage in management activities, such as strategic initiatives, planning, execution and issue closures
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
What we offer
What we offer
  • Medical, dental & vision coverage
  • 401(k)
  • Life, accident, and disability insurance
  • Wellness programs
  • Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays
  • Fulltime
Read More
Arrow Right

Leveraged Finance Underwriter - Senior Vice President

The Global Leveraged Finance Underwriting Team within Institutional Credit Manag...
Location
Location
India , Mumbai
Salary
Salary:
Not provided
https://www.citi.com/ Logo
Citi
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • 13+ years of credit or related leveraged finance experience
  • MBA or CA or CFA
  • Advanced knowledge of Microsoft Word, Excel, and PowerPoint
  • Thorough understanding of the credit and/or portfolio management process
  • Strong awareness and adherence to the control environment including Quality Assurance and Quality Control
  • Team player with strong work ethic who also works well with others
  • Strong writing, analytical, communication, and presentation skills
  • Experience in leading a team and in coaching and mentoring junior bankers
  • Ability to break down large amounts of data into concise, easy to understand credit recommendations
  • Proven culture carrier
Job Responsibility
Job Responsibility
  • Be accountable for ensuring best in class credit risk analysis of the Leveraged Finance Portfolio
  • Provide critical support and leadership across LFU's core functions
  • Supervise analysts and associates to perform periodic written reviews of the clients' financial and operating performance
  • Review and analyze models used for valuation and to forecast the client's operating and financial performance
  • Ensure ongoing and timely feedback and coaching of junior team
  • Evaluate and gain strong understanding of clients' business, financial performances, and key credit drivers
  • Remain current on all relevant Leveraged Lending market trends and issues
What we offer
What we offer
  • Extensive on-the-job training and exposure to senior leaders
  • Traditional learning opportunities
  • Chance to give back and make a positive impact through volunteerism
  • Opportunity to grow your career
  • Fulltime
Read More
Arrow Right

Vice President - Technology (AI Security & Risk Manager)

The Technology department at our client is responsible for creating and continuo...
Location
Location
United States , New York
Salary
Salary:
150000.00 - 175000.00 USD / Year
rennerbrown.com Logo
Renner Brown
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • Bachelor's degree in Computer Science, Information Security, Data Science, or a related field
  • advanced degree a plus
  • At least 7–10 years of experience in information security, technology risk, or a related field, with a minimum of 3 years focused on AI systems, machine learning security, or AI governance
  • Deep understanding of the AI and LLM landscape, including foundation model architecture, agentic systems, RAG pipelines, and the risk implications of each
  • Hands-on experience evaluating AI platforms and products, including the ability to assess vendor claims about model behavior, data handling, and security controls with appropriate skepticism
  • Familiarity with AI risk frameworks and emerging standards, including NIST AI RMF, MITRE ATLAS, OWASP LLM Top 10, and ISO/IEC 42001
  • Experience with vendor risk management in a regulated financial services environment, including contract negotiation support and third-party security assessments
  • Knowledge of relevant regulatory frameworks including DORA, SOX, SEC cybersecurity disclosure rules, and GDPR/CCPA as they apply to AI data flows
  • Strong technical skills sufficient to evaluate AI system architecture, API security, data pipeline design, and access control models without reliance solely on vendor documentation
  • Excellent communication skills, with the ability to translate highly technical AI risk concepts into clear, decision-ready language for senior leadership, Legal, and Compliance
Job Responsibility
Job Responsibility
  • Own and maintain the firm's AI risk framework, covering model risk, data privacy, adversarial threats, third-party AI, and regulatory compliance
  • Develop and enforce AI usage policies in collaboration with Legal and Compliance, including acceptable use, data classification requirements, and prompt handling standards
  • Maintain an inventory of AI tools deployed firm-wide — both sanctioned and shadow — and assess associated risk profiles
  • Provide regular AI risk reporting to the Head of Technology Risk and senior leadership, including emerging threat trends, vendor posture changes, and control gaps
  • Monitor the evolving regulatory environment for AI (EU AI Act, SEC guidance, DORA, NY DFS) and advise on compliance obligations and required controls
  • Lead security and risk assessments of vendors introducing AI capabilities into existing or new platforms, including evaluating model transparency, data handling practices, and auditability
  • Develop and maintain a structured AI vendor evaluation framework, incorporating criteria for model governance, output reliability, data residency, and incident response obligations
  • Partner with Procurement and Legal to ensure AI-specific provisions are reflected in vendor contracts, including data usage restrictions, model change notifications, and liability terms
  • Maintain a tiered risk register of third-party AI integrations, with ongoing monitoring for material changes to vendor AI functionality, architecture, or ownership
  • Engage directly with vendor security and product teams to assess AI-related controls and drive remediation of identified gaps
  • Fulltime
Read More
Arrow Right

Risk Manager - Tech and Cyber Risk

Support the Senior Risk Manager – Tech & Cyber Risk and Head of Operational Risk...
Location
Location
United Kingdom , Birmingham
Salary
Salary:
Not provided
socialvalueportal.com Logo
Social Value Portal Ltd
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • Knowledge and experience of risk management frameworks and tools with proven technology and cyber risk expertise
  • Experience of working in a global and fast paced business environment is essential
  • Degree level educated or an equivalent combination of education training and experience with security frameworks and industry standards
  • and/or
  • Relevant professional qualification (e.g., IRM International Certificate in Operational Risk, Practitioner Certificate in Information Management, etc.)
  • Proven technology and cyber risk expertise, preferably with a strong understanding of the Lloyd's or wider company insurance market and framework
  • Understanding of the commercial drivers and dynamics affecting risk decisions in the insurance sector, as well as operational and risk processes associated with an international insurance group
  • Ability to build strong partnering relationships with a wide range of stakeholders
  • Ability to interact professionally and with credibility and manage expectations of management and key stakeholders
  • Ability to manage time, meet deadlines and prioritise
Job Responsibility
Job Responsibility
  • Support the Senior Risk Manager – Tech & Cyber Risk in facilitating regular Risk & Control Self Assessments (RCSAs) with first line risk owners and stakeholders, ensuring the assessments are performed and documented accordingly
  • Support the Senior Risk Manager – Tech & Cyber Risk in implementing and maintaining a robust control environment that is owned and documented by first line business control owners and stakeholders
  • Provide oversight and challenge of Beazley's first line process around technology and cyber risk, including areas such as IT and cybersecurity business continuity, IT resilience, digital risk and operational transformation, capital modelling and business planning
  • Produce risk reporting and opinions, including deep dive reviews on hot topics influencing Beazley's technology and cyber risk profile to support reporting to internal and external stakeholders
  • Support the Senior Risk Manager – Tech & Cyber Risk and Head of Operational Risk in designing, writing and implementing frameworks, policies, procedures and processes where required
  • Provide critical appraisal of the control environment (including Risk MI) proposed by the business with reference to the agreed risk appetite
  • Liaise with first line business stakeholders and risk owners to capture new risks (including emerging risks) and review controls proposed by first line control owners and stakeholders
  • Assist in the preparation of risk management material for internal and external presentations where necessary
  • Assist in the provision of induction training to all relevant employees
  • Ensure close collaboration with Risk Management colleagues, supporting in the execution of key deliverables and projects as required
  • Fulltime
Read More
Arrow Right