Senior Manager – Model Risk Management and Validation

• In charge of the organisation’s model risk appetite process, refining Board-level metrics and Key Risk Indicators
• Responsible for key elements of the Group Model Risk Committee, including overseeing the regular production of accurate risk reporting and management information, plus supporting sub-forums
• Responsible for the oversight and management of the Group’s Model Inventory
• Lead the ongoing education and training of relevant staff re: Model Risk expectations and requirements
• Responsible for the development and maintenance of the Model Risk Framework, Policy, Control Standards and supporting Group-wide artefacts such as the Model Validation Procedures
• Oversee support of some critical models (e.g. IFRS9, AIRB Secured), ensuring alignment with internal standards and regulatory expectations
• Acting as a key voice across the Group, they promote model risk awareness and present to senior committees, while ensuring the Model Risk Framework remains robust and proportionate to the organisation’s complexity

• Proven experience of successfully leading model risk management initiative and developing and embedding an effective model risk management framework
• Proven history of successful engagement with senior management, and developing strong trusted advisor, critical friend relationships with the business
• Expert level technical knowledge of a key relevant modelling sets used in the Group, gained through a previous development or validation role
• Relevant model sets include: Advanced IRB models (e.g. secured retail) is a must
• IFRS9
• Credit Forecasting models

Ideally you will have previously worked at major retail Banks or Building Societies in the past

• 28 days holiday a year plus bank holidays and a holiday buy/sell scheme
• Annual discretionary bonus scheme
• Personal pension with matched contributions
• Life Assurance – 6 times your base salary
• Private Medical Insurance
• Health Screening - Eligible