Risk Analyst - Model Validation

Virgin Money UK PLC; Swindon; Hybrid; GBP 45,000 - 65,000; Full time

Job summary

Nationwide is seeking a Risk Analyst to support independent validation of business-critical models within the Financial Risk Oversight function. The role involves undertaking technical reviews, applying statistical and analytical techniques, and assessing model compliance and risk.

You will present findings to senior management and contribute to making risk-based decisions. The successful candidate will work in a hybrid setup, spending time at Swindon or London offices with flexible home working

Responsibilities

• undertaking technical reviews
• applying a range of statistical and analytical techniques
• assessing the compliance of models
• presenting findings to senior management

Job description

There is greater demand and scrutiny on models than ever before in financial services. We are looking for a Risk Analyst to join the team to support with the independent validation of business-critical models.

The growing prominence of model risk management is reflected in Nationwide's investment in the continuous improvement of our modelling capability, highlighting the value placed on advances in this area. As part of this investment, a fantastic opportunity has become available in model risk oversight, and we are seeking a talented person to become a member of this vibrant team. This highly technical role sits within our Financial Risk Oversight function.

The team's key purpose is to assist the business make effective risk-based decisions by ensuring that supporting models are reliable, accurate, well controlled and compliant with relevant regulations.

As a Risk Analyst your responsibilities include undertaking technical reviews, applying a range of statistical and analytical techniques as well as assessing the compliance of models. You'll provide insight and an evaluation of risks, and present your findings to senior management.

At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.

For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, based at either our Swindon or London office. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here .