Manager - Credit Risk Model Validation

Barclay Simpson; City Of London; On-site; GBP 80,000 - 100,000; Full time

Job description

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About the Company Join a forward-thinking, people-first organisation where collaboration, inclusi...

My client is a large and successful retail bank with offices across the UK. They are looking to hire an credit risk model validation professional to join a small, high calibre team carrying out quantitative validation of the firms various credit risk models

The team is spread across the UK and firm offers truly flexible working with the opportunity to work remotely for up to for most of the time, with only 1 day per month required at one of the 4 UK offices.

Key Responsibilities

• Lead and perform independent validation of models across the Group, engaging with Analytics teams and Senior Management in the timely completion of model validations and reporting of identified findings and weaknesses of models.
• Develop and shape the overall approach to model validation and model risk management across the Group.
• Manage the prioritisation of models requiring validation according to model materiality, business use, complexity and other factors.
• Oversight of model risk activities across the Group and providing challenge on the appropriateness of models used within the business.
• Engaging with Senior Stakeholders (e.g. CROs, Finance Directors, Heads of Functions) on key model risk activities.

Requirements:

• Significant prior experience of model validation and/or model development for credit risk, preferably in retail,.
• Practical understanding of model validation techniques particularly on retail credit risk, IFRS9, and IRB models.
• Knowledge of model risk management regulations and standards in the UK and EU.

Candidates will likely be working in the model validation or development team of a large retail bank, challenger, consumer finance firm or consultancy specialised within credit risk.

We seek individuals from a diverse talent pool and encourage applicants from underrepresented groups to apply to our vacancies. Our commitment to fair recruitment processes means that we welcome applicants from all backgrounds, regardless of their lived experience or personal characteristics. We also invite applicants who meet most of the listed requirements, even if not all, to apply. If you require any adjustments to the application process, please let us know.

Barclay Simpson acts as an Employment Agency for permanent positions and an Employment Business for temporary/contract engagements.