Model and Controls, Governance and Monitoring Manager | S3 | Treasury Risk & Analytics | Milton[...]

Santander; Milton Keynes; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading banking institution in Milton Keynes seeks a Model and Controls, Governance and Monitoring Manager. The role involves managing Risk models, ensuring robust governance, and collaborating across teams to meet regulatory standards. Ideal candidates will have experience in credit risk models and model governance frameworks. The position offers competitive pay with additional benefits, including a car allowance and private medical insurance.

Benefits

Discretionary performance-related bonus

8% pension contribution

30 days' holiday plus bank holidays

£6,000 car allowance

Company funded private medical insurance

Voluntary healthcare benefits

Death-in-service benefit

Discounts on Santander products

Qualifications

• Experience managing credit risk models or background in model development.
• Excellent knowledge of model governance frameworks.
• Skilled in stakeholder engagement with management reporting experience.

Responsibilities

• Lead the management of Risk models ensuring trusted outcomes.
• Embed model governance practices across the Bank.
• Support the delivery of regulatory requirements.

Skills

Managing credit risk models

Model governance frameworks

Stakeholder engagement

Communication skills

Problem-solving

Tools

PowerBI

Confluence

JIRA

SQL

Python

Job description

Model and Controls, Governance and Monitoring Manager | S3 | Treasury Risk & Analytics | Milton Keynes

Model and Controls, Governance and Monitoring Manager | S3 | Treasury Risk & Analytics | Milton Keynes

Model and Controls, Governance and Monitoring Manager | S3 | Treasury Risk & Analytics | Milton Keynes

Model and Controls, Governance and Monitoring Manager | S3 | Treasury Risk & Analytics | Milton Keynes

Country: United Kingdom

Join our community:

We're looking for a dynamic and driven Manager to join our "Model and Controls, Governance and Monitoring" team - a core part of how we protect our customers and enable smarter decisions to be made across the Bank.

If you are passionate about understanding model performance and managing model risk, ensuring robust governance, and holistic model lifecycle management, and you've developed your expertise through model development, validation or usage, this is your chance to make a real impact. You'll be joining a team that champions excellent model risk management, collaboration, and innovation to keep our customers safe and drive value for the business areas.

The difference you'll make:

As a model owner, you'll lead the end-to-end management of Risk models, ensuring they are robust, well-governed, and deliver trusted outcomes.

You'll work across the Bank with stakeholders to embed excellent model governance practices and support the delivery of key regulatory requirements like SS1/23 , critical to the culture transformation around model management in banks.

Your work will ensure our models are fit for purpose, risk is adequately managed and informed decision-making can be relied upon. By championing best practices in model ownership, you'll play a vital role in protecting our customers and contributing to the Bank's strategic success.

What you'll bring:

• Experience managing credit risk models or a background in model development, validation, or usage.
• Excellent knowledge of model governance frameworks and regulatory expectations.
• Skilled in stakeholder engagement, with great communication skills and experience in management reporting and presenting to governance committees.
• Proactive problem solver who can identify issues early and drive practical, risk-focused solutions.

It would also be nice for you to have:

• Prudential expertise gained from regulatory or consultancy experience.
• Familiarity with SS1/23, SS4/24, Basel 3.1 suite of regulations, and internal compliance standards.
• Experience supporting model attestations and audit readiness.
• Proven ability to manage model lifecycle including planning, development projects, approvals, and remediation activities.
• In addition to proficiency in Microsoft Office applications, experience with PowerBI, Confluence, JIRA and SQL/python would be advantageous.

What else you need to know:

• Our preferred location for this role is Milton Keynes.
• We want our people to thrive at work and home and be able to deliver the best outcomes for our customers and to help each other develop. To support this, we offer site-based contracts with a hybrid working pattern and our expected level of attendance in an office is at least 12 days per month (pro-rata for part-time roles).
• If you apply for this role in any of these locations, it's important you consider your travelling distance, time, and cost from your home to the office locations.
• We're happy to discuss specific working patterns and arrangement within this hybrid approach during the recruitment process.

Inclusion

At Santander we're creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains, and develops the most talented and committed people through living our values of Simple, Personal, and Fair.

How we'll reward you.

As well as a competitive salary, you'll enjoy a benefits package that you can tailor to your needs:

• Eligible for a discretionary performance-related annual bonus.
• We put 8% of salary into your pension, even if you don't contribute yourself. We'll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.
• 30 days' holiday plus bank holidays, which increases to 31 days after 5yrs service, with the option to purchase up to 5 contractual days per year.
• £6,000 car allowance per year
• Company funded individual private medical insurance.
• Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, and health assessments.
• Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.
• Share in Santander's success by saving or investing in our share plans.
• As a Santander UK employee, you are able to request staff versions of our products like our Edge Current Accounts and Credit Cards with no fees, as well as apply to many other deals and discounts in Santander products and services

Learn more about our benefits and family friendly policies

What to do next:

If this sounds like a role you're interested in, then please apply.

If there's anything we can do in the recruitment process to help you achieve your best, get in touch. Whether it's a copy of our application form in another format or additional assistance, we're available through email. You can contact us at [e-mail].

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