Model Risk Manager

Hargreaves Lansdown Asset Management Limited; Bristol; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading investment platform based in Bristol is seeking a Model Risk Manager to join their team on a 12-month fixed contract. The role involves supporting model validation and governance across the organization. Candidates should possess strong analytical skills, stakeholder management experience, and be proficient in Excel and SQL. This position offers a hybrid working option alongside competitive benefits including a discretionary bonus, generous holiday allowance, and a pension scheme with significant employer contribution.

Benefits

Discretionary annual bonus

25 days holiday plus bank holidays

Flexible working options

Pension scheme up to 11% employer contribution

Private medical insurance

Gym memberships and wellbeing apps

Qualifications

• Experience of providing quantitative analysis to stakeholders.
• Knowledge of model governance regulatory and industry best practices.
• In-depth experience of the Wealth industry.

Responsibilities

• Contribute to the maintenance of the Group Model Risk Framework.
• Review high-impact EUDAs with focus on assumptions and implementation.
• Accountable for model register maintenance and validation schedule.

Skills

Analytical skills

Stakeholder management

Quantitative analysis

Solution-focused mindset

Excel expert

SQL knowledge

Job description

Excited to grow your career?

Our purpose is to empower people to save and invest with confidence. We are looking for great people to join us, so please come and invest in YOUR future at HL.

We know that sometimes people can be put off applying for a job if they don't tick every box. If you're excited about working for us and have most of the skills or experience we're looking for, please go ahead and apply. We'd love to hear from you!

About the role

Hargreaves Lansdown (HL) are now recruiting for a Model Risk Manager to join the team on a 12 month fixed term contract. You'll be working with the Head of Model Risk and Senior Model Risk Manager to support the delivery of the group wide model validation function in assessing the conceptual soundness of spreadsheet tools and models in use in HL. Support model governance activities including preparation for Model Governance Committee (MCG).

What you’ll be doing

• Model Validation framework - in conjunction with the Head of Model Risk and Senior Model Risk Managers, contribute to the maintenance of the Group Model Risk Framework
• Model Validation - review high-impact EUDAs with particular focus on model assumptions, mathematical formulation, and implementation across HL business lines
• Contribute to the validation of specific models. Key models will include capital, liquidity, stress- testing, client insight, wealth and fund management
• Stakeholder interaction with model developers and business owners during the model lifecycle
• Be accountable for day-to-day activities including maintenance of the model register and the management of the validation schedule
• Contribute to the preparation of model validation findings, and associated presentations for Accountable Executives and executive level committees

About you

• Analytical with a keen eye for detail
• Experience of providing quantitative analysis to stakeholders
• Possess good stakeholder management skills
• Solution focused mindset - with the ability to use own experience to develop innovative solutions and resolve complex issues
• Good experience of using the outputs from modelling activity as an input to risk profile reporting
• Knowledge of model governance regulatory and industry best practice expectations
• In-depth experience of the Wealth industry
• Excel expert and good knowledge of SQL. Knowledge of any other programming languages will be desirable

Interview process

The interview process for this role is 2 stages including a task.

Working Schedule

This role is based in Bristol head office, BS1 5HL. This role is permanent, full time, 37.5 hours per week, Monday to Friday. We have returned to the office, however for this role we offer a hybrid flexible working pattern to enable you the option of working from home and coming into the office circa monthly.

Why us?

Here at HL, we’re the UK’s number 1 investment platform for private investors, based in Bristol. For more than 40 years we’ve helped investors save time, tax and money on their investments.

To achieve our mission, we believe we have a workplace like no other, with constant learning, dynamic teams, and a great ethos. We’re steered by core values that promote service, quality, innovation, and opportunity in everything we do.

What’s on offer?

• Discretionary annual bonus* & annual pay review
• 25 days* holiday plus bank holidays and 1-day additional Christmas closure time
• Option to purchase an additional 5 days holiday per year at annual enrolment
• Flexible working options available, including hybrid working
• Enhanced parental leave
• Pension scheme up to 11% employer contribution
• Sharesave scheme - have a real stake in HL’s future
• Income Protection & Life insurance (4 x salary core level of cover)
• Private medical insurance*
• Health care cash plans - including optical, dental, and out patientcare
• Help@hand and an Employee Assistance Programme
• Gympass - gym memberships and wellbeing apps available
• Variety of travel to work schemes with free bike storage and shower facilities
• An inhouse barista serving subsidised coffee and snacks
• Join HL’s sports, I&D networks and volunteering groups (two paid volunteering days per year)
• LifeWorks Discounts on services, restaurants and retailers

* dependant on role level

Hargreaves Lansdown is an inclusive employer that values diversity in its workforce. We encourage applications from all individuals without regard to race, religion, gender, sexual orientation, national origin, disability or age.

This role may also be available on a flexible working or part time basis - please ask the Recruitment & Onboarding team for more information.

Please note, we are unable to provide employment sponsorship to candidates.