Model Risk Validation Officer, AVP

Join us as a Model Risk Officer

• As a Model Risk Officer, you’ll be advancing your skillset and advising on how model risk can be reduced or mitigated
• We’ll look to you to oversee the first line of defence model assurance activities performed by model development teams
• You’ll gain great exposure for you and your work, with the opportunity to develop key relationships with relevant management, colleagues, model owners and developers and end-users
• We're offering this role at associate level

What you'll do

In this key role, you’ll be maintaining and controlling an aggregated bank-wide model inventory and associated model risk assessments. You’ll review and validate assigned models across the bank, ensuring that the assigned models are fit for purpose. This will include use in customer, business and strategic decision-making, and external disclosures and regulatory calculations or returns.

Throughout the course of your work, you’ll report on the findings of model risk management reviews, making sure it suits your audience, which will include senior management, regulators, model developers, and end-users.

You’ll also be:

• Implementing and maintaining appropriate and proportionate mandatory procedures that define the governance of models
• Developing, maintaining and promoting the risk appetite setting in relation to model risk
• Playing an active part in the development of your team and helping to coach less experienced colleagues
• Making sure that models are appropriate for designated uses, and that significant model risks are identified and effectively communicated to senior management and model end-users
• Performing model risk analysis to satisfy regulatory queries and requirements

The skills you'll need

We’re looking for someone with experience of model review or model development of relevant risk models. You’ll need a strong understanding of risk modelling within traded market risk, non-traded market risk, counterparty credit risk, economic capital or pension risk.

Crucial to your success in this role will be problem solving and analytical skills and your ability to communicate with and influence senior management, and develop effective relationships with a range of internal and external stakeholders.

You’ll also need:

• A postgraduate degree in a quantitative subject such as mathematics, physics or quantitative finance, or similar professional qualifications
• Hands-on in-depth skills in advanced quantitative modelling, and knowledge of the associated risk management issues in a practical business context
• Knowledge of risk-model-related regulatory requirements
• The ability to assist in team planning and prioritisation, including detailed planning of assigned projects within the team’s roadmap
• The ability to work well as part of a team and under the guidance of other team members, to deliver successful on-time outcomes consistent with industry leading practices

Hours

45

Job Posting Closing Date:

21/04/2025

Experience Level

Executive Level