Model Risk Manager | S3 | Risk | Manchester or Milton Keynes | Internal Mobility

Santander; Milton Keynes; Hybrid; GBP 75,000 - 110,000; Full time

Benefits offered by this job

Hybrid working pattern

Volunteering opportunities

Global career opportunities

Job summary

Santander UK seeks a Model Risk Manager based in Manchester or Milton Keynes. As part of the Model Risk Operating Office, you will support governance across Level 1 and Level 2 forums, providing independent review and challenge to ensure robust decision-making and high-quality information.

You will engage with risk and model governance leaders, producing minutes and management information, and helping evolve governance arrangements with regulators’ expectations in mind.

Qualifications

• Experience supporting, administering or participating in governance forums, committees or management meetings in regulated environments.
• Experience engaging and influencing senior stakeholders with constructive challenge.
• Experience reviewing complex papers and management information, identifying gaps and inconsistencies.
• Excellent written communication including minutes and governance papers.

Responsibilities

• Act as Secretariat for MROM and MRCF, ensuring meetings follow governance requirements and TOR.
• Review governance submissions, ensuring papers are complete and decision-focused.
• Work with senior stakeholders to improve governance materials and risk framing.
• Coordinate agendas, packs and management information for effective decisions.
• Produce regulator-ready minutes capturing discussions, decisions and owners.
• Monitor governance actions and ensure timely follow-up.
• Identify opportunities to strengthen governance processes and MI across Model Risk.
• Support evolution of Model Risk governance to remain effective and proportionate.

Skills

Governance & Committee management

Stakeholder management

Management information analysis

Written communication

Tools

MS Office

SharePoint

Outlook

Teams

Job description

Model Risk Manager | S3 | Risk | Manchester or Milton Keynes | Internal Mobility

Country: United Kingdom

IT STARTS HERE

Santander (www.santander.com) is evolving from a global, high-impact brand into a technology-driven organisation, and our people are at the heart of this journey. Together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what's possible.

This is more than a strategic shift. It's a chance for driven professionals to grow, learn, and make a real difference.

Our mission is to contribute to help more people and businesses prosper. We embrace a robust risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

Retail & Commercial Banking is a global business integrating all our retail and commercial banking activities to better serve our customers, improve efficiency and drive value creation.

THE DIFFERENCE YOU MAKE

Santander UK is looking for a Model Risk Manager based out of Manchester or Milton Keynes.

The role sits within the Model Risk Operating Office and is responsible for supporting the effective operation of Santander UK's Model Risk governance framework. Acting as Secretariat for the Level 1 Model Risk Operating Meeting (MROM) and Level 2 Model Risk Control Forum (MRCF), the role provides independent review, challenge and oversight to ensure governance decisions are supported by high-quality information and robust debate. The role offers significant exposure to senior stakeholders across Risk, Model Risk and the wider organisation.

We're shaping the way we work through innovation, cutting-edge technology, collaboration and the freedom to explore new ideas. To succeed in this role, you will be responsible for:

• Acting as Secretariat for MROM and MRCF, ensuring meetings are delivered in accordance with governance requirements, schedules and Terms of Reference.
• Reviewing governance submissions and providing constructive challenge to ensure papers are complete, accurate, decision-focused and aligned to Model Risk governance expectations.
• Working with senior stakeholders to improve the quality of governance materials, ensuring key risks, issues, decisions and dependencies are clearly articulated.
• Coordinating agendas, meeting packs and supporting management information to facilitate effective decision-making.
• Producing high-quality, regulator-ready minutes that accurately capture discussion, challenge, decisions, actions and accountable owners.
• Monitoring and reporting on governance actions, decisions and commitments, ensuring timely completion and effective follow‑up.
• Identifying opportunities to strengthen governance processes, controls and management information across the Model Risk framework.
• Supporting the continued evolution of Model Risk governance arrangements, ensuring they remain effective, proportionate and aligned with regulatory expectations.

WHAT YOU'LL BRING

Our people are our greatest strength. Every individual contributes unique perspectives that make us greater as a team and as an organisation. We're enabling teams to go beyond by valuing who they are and empowering what they bring.

The following requirements represent the knowledge, skills, and abilities essential for success in this role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Professional Experience

• Experience supporting, administering or actively participating in governance forums, committees or management meetings within Santander or a similarly regulated environment (Required).
• Experience engaging and influencing senior stakeholders, with the confidence to provide constructive challenge where appropriate (Required).
• Experience reviewing complex papers and management information, identifying gaps, inconsistencies and areas requiring further scrutiny (Required).
• Great written communication skills, including production of high-quality minutes, governance papers and management communications (Required).Excellent organisational skills with great attention to detail and the ability to manage competing priorities and governance deadlines (Required).
• Experience of MS Office applications including Excel, PowerPoint, Teams, SharePoint and Outlook (Required).
• Experience of Model Risk Management, Model Governance or the model lifecycle (Required).
• Knowledge of Santander's governance framework, committee structure and governance processes (Preferred).

Hard Skills

• Governance and committee management (Required).
• Stakeholder management and challenge of senior audiences (Required).
• Analysis and review of management information and governance papers (Required).
• Knowledge of Model Risk Management frameworks, policies and governance arrangements (Preferred).
• Knowledge of Santander's Model Inventory (MoNet) and wider Model Risk tooling (Preferred).

Soft Skills

• Great communication and influencing skills (Required).
• Ability to exercise sound judgement and challenge constructively (Required).
• Excellent planning, organisation and prioritisation skills (Required).
• Attention to detail whilst maintaining a strategic perspective (Required).
• Collaborative approach with the ability to build effective stakeholder relationships (Required).

WE VALUE YOUR IMPACT

At Santander, your contribution matters. We recognise the difference you make every day, and we make sure you feel valued, supported and rewarded in return.

Here, recognition goes beyond pay. It's about the pride you feel in your work, the impact you have on customers and communities, and the opportunities you have to grow and thrive - personally and professionally.

• Competitive rewards that reflect the real impact you make and the value you bring.
• Wellbeing that goes beyond work - we work with a range of wellbeing partners across our 4 pillars of wellbeing (physical, mental, social and financial) to give you access to a suite of apps, discounted gym and fitness access, weekly online classes, flexible healthcare and mental health support.
• Support for every life stage - from menopause and pregnancy to parenthood and beyond, with enhanced family leave, childcare options and tailored wellbeing support.
• Time to give back through volunteering opportunities that let you make a difference in the communities we serve.
• Global growth opportunities to shape your career, learn new skills and explore what's possible across our international network.

Ready to be recognised? It starts with you.

LOCAL COMPLIANCE

At Santander, your contribution matters. We recognise the difference you make every day, and we make sure you feel valued, supported and rewarded in return.

Here, recognition goes beyond pay. It's about the pride you feel in your work, the impact you have on customers and communities, and the opportunities you have to grow and thrive - personally and professionally.

• Competitive rewards that reflect the real impact you make and the value you bring.
• Wellbeing that goes beyond work - we work with a range of wellbeing partners across our 4 pillars of wellbeing (physical, mental, social and financial) to give you access to a suite of apps, discounted gym and fitness access, weekly online classes, flexible healthcare and mental health support.
• Support for every life stage - from menopause and pregnancy to parenthood and beyond, with enhanced family leave, childcare options and tailored wellbeing support.
• Time to give back through volunteering opportunities that let you make a difference in the communities we serve.
• Global growth opportunities to shape your career, learn new skills and explore what's possible across our international network.

Ready to be recognised? It starts with you.

LOCAL COMPLIANCE

At Santander, we're proud to be an inclusive organisation that provides equal opportunities for everyone - regardless of age, gender, disability, civil status, race, religion or sexual orientation.

We're committed to creating a recruitment experience that's accessible, fair and welcoming for all candidates.

We want our people to thrive - at work and at home - while delivering the best outcomes for our customers and supporting each other to grow.

To make this possible, our roles are site-based with a hybrid working pattern, where colleagues are expected to attend the office at least 12 days per month (pro-rata for part-time roles).

When applying, please consider the travel distance, time and cost to your chosen office location(s).

IMPORTANT INFORMATION FOR INTERNAL APPLICANTS:

PERMANENT ROLES:

• If you are currently employed by Santander UK plc on TSB Legacy terms or by TSB and choose to apply for this Santander vacancy, please be aware that, if successful, you will move onto full Santander terms and conditions of employment and will no longer be part of the TSB Legacy population with effect from the start date of your new role.

If you want to know more about the opportunity:

Please contact Jani Cheyte - [e-mail]