Join us as a Model Risk Validation Officer

• In this key role, you’ll be responsible for the oversight of model assurance activities performed by model development teams for bank wide pricing models
• You’ll make sure that the models are fit for purpose for their designated use and that significant model risks are identified and effectively communicated to senior management and model end users
• You’ll have the chance to work with a wide variety of stakeholders, giving you a platform to raise your network and career profile across the bank
• We're offering this role at director level

What you'll do

As a Model Risk Validation Officer, you’ll develop and maintain standards that promote an effective risk based approach to organisation models. You’ll undertake in-depth assessment of models’ sub-components and support the bank wide policy covering the governance and control of Model Risk.

We’ll look to you to represent the Model Risk Validation team on various internal forums and independently oversee and challenge the effective management of risks and controls within agreed risk appetite. You’ll manage the team’s workload and build an effective and credible validation plan and identify opportunities for improvement, both in terms of the models and measures produced, and the approaches and processes used within the team

Your responsibilities will also include:

• Supporting projects through frequent communication with internal and external stakeholders, and by developing a good understanding of business issues, and regulatory requirements
• Preparing comprehensive model documentation with all analysis undertaken along with appropriate commentary
• Making sure that model risk management aligns with model risk policy, and undertaking model risk assessments so that potential risks are identified early in the process, and can be mitigated
• Supporting the general model governance process by loading the documents to the relevant forum agenda, updating issues on the governance tool
• Identification and effective management and escalation of conduct risk to deliver key customer outcomes
• Owning and developing appropriate risk and control frameworks for the franchises and functions to use to discharge their responsibilities
• Providing expert advice on those aspects of risk management relevant to their area of expertise, including providing senior executives with relevant management information and reports, escalating concerns where appropriate

The skills you'll need

We’re looking for someone with a quantitative degree and experience of developing, reviewing, validating and implementing analytical risk measurement tools. You should have a sound understanding of Basel requirements and some knowledge of IFRS9 standards. You’ll also need experience in designing, writing, and testing financial risk and pricing models from an investment banking perspective.

We’ll also expect:

• Good working knowledge of Python and SAS
• Experience of managing people
• The ability to communicate, both verbally and in writing, to senior colleagues
• Strong Excel, PowerPoint and Word skills
• Excellent attention to detail
• Critical thinking skills, enabling you to cut through complexity, and make sound decisions and recommendations that are carefully balanced against risk

Hours

45

Job Posting Closing Date:

25/11/2024