AI Model Risk Analyst — Validation & Governance

Handelsbanken; Greater London; On-site; GBP 70,000 - 100,000; Full time

Benefits offered by this job

Flexible benefits package

Job summary

Handelsbanken is seeking a Model Risk Management Senior Analyst to join the UK Risk team and lead independent validation of AI systems and models. You will contribute to the AI governance framework, risk assessments and ongoing oversight in line with PRA SS1/23 and the Bank's risk appetite.

You will engage cross-functionally with Risk, Technology, Information Security and Compliance to ensure robust governance and transparent reporting of AI risks and controls throughout the lifecycle.

Qualifications

• Experience in model risk management within financial services.
• Experience reviewing or validating quantitative models and analytics.
• Familiarity with PRA SS1/23 or equivalent guidance.
• Strong analytical and problem-solving skills with risk awareness.
• Interest in AI, Generative AI and emerging technologies in regulated environments.
• Understanding AI risk themes such as transparency, bias, and governance.
• Experience with Python, SQL or R for data analysis.
• Ability to understand complex technical concepts across domains.
• Strong written and verbal communication for governance forums.

Responsibilities

• Perform independent reviews, validations and risk assessments of AI systems and models.
• Support the AI Model Risk Management Framework and governance processes.
• Assess AI risks across the lifecycle of AI use cases.
• Identify, register and monitor in-scope AI systems and use cases.
• Develop and maintain an AI risk rating methodology.
• Maintain the AI Use Case Inventory with accuracy.
• Prepare validation findings and recommendations for governance forums.
• Engage with Risk, Technology, Information Security, Data Governance, Compliance, Legal and Change teams.
• Monitor regulatory developments and update Bank frameworks accordingly.

Skills

Model risk management

Quantitative risk

Analytical thinking

AI risk governance

Technical communication

Data analysis tooling

Python/SQL/R

Regulatory awareness

Independent judgement

Tools

Python

SQL

R

Job description

Handelsbanken is seeking a Model Risk Management Senior Analyst to join the UK Risk team and lead independent validation of AI systems and models. You will contribute to the AI governance framework, risk assessments and ongoing oversight in line with PRA SS1/23 and the Bank's risk appetite.

You will engage cross-functionally with Risk, Technology, Information Security and Compliance to ensure robust governance and transparent reporting of AI risks and controls throughout the lifecycle.