Risk Modeller

Motability Operations Ltd; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Motability Operations Ltd is seeking a Risk Modeller within the Asset Risk Function to help forecast key financial risks including residual value, SMR, insurance pricing, and economic capital. The role sits in the Asset Risk Modelling Team with joint ownership of outcomes with business SMEs.

You will implement the model risk management framework, ensure model health and reporting, discuss modelling assumptions and data, and collaborate across stakeholders to translate complex models into

Job description

The Risk Modeller role sits in the Asset Risk Function, which has the responsibility for forecasting Motability Operation’s key financial risks, including Residual Value and SMR, Insurance Lease Pricing, Economic Capital, as well as producing the customer pricing. This role sits in the Asset Risk Modelling Team, operating in a matrix management operation, responsible for operating a strong model risk management framework that ensures models are a trusted asset, and ensuring the forecast models are robustly implemented, operated, enhanced and developed in conjunction with joint ownership for the outcomes and outputs with business SME’s.

Reporting into the Asset Risk Modelling Manager, the role has the following key responsibilities

• You will operationalise the model risk management framework in Asset Risk, ensuring model health, reporting, processing, auditing and reporting requirements are met and ensure risks and issues are flagged and solutions sought and delivered
• You will use critical thinking during the accurate and timely operational update and delivery of the critical BAU requirements for Asset Risk models associated with residual value forecasting, maintenance spend, insurance, customer pricing, and economic capital
• You will confidently operate and explain the various model process updates related to data, modelling assumptions, modelling techniques, business forecasts and policy assessments, etc, to ensure a comprehensive understanding of your work and the model outcomes across a variety of stakeholders
• You will have an effective understanding of the model components - design principles, use of data, assumptions, applied statistical and modelling techniques – for the models, delivering challenge and communication required to close the gap between the models and Asset Risk deliverables
• You will support the Modelling Lead and Senior Risk Modeller with the critical thinking and activity required to deliver the strategic projects from the Modelling team, ensuring your activity aligns with the wider business SME’s
• You will always ensure that the models and their outcomes are jointly owned with the modelling teams and business area owners, ensuring the models and messaging meet the needs of the business and are not seen as theoretical 'black boxes'
• You will understand the tools and systems used to deliver all model activities, including the DSML tools (AWS Sagemaker),Snowflake and collaborate and advocate for the right approach as the needs of the business and technology evolves
• You will work in collaborative relationships to ensure the Modelling Team deliverables (BAU and strategic projects) are effectively managed and delivered in line with a matrix way of working approach across the Asset Risk Operational Teams and fellow Asset Risk output owners
• You will be an advocate for Asset Risk, and work with colleagues around the business to promote best practices and skills & knowledge sharing.
• You will support the deliver of wider Asset Risk deliverables outside of the Modelling Team on an ad hoc basis
• You will support the coaching of colleagues in Asset Risk and the wider business, promote best practice, skills and knowledge sharing
• Develop collaborative and enduring relationships with the Asset Risk and wider business stakeholders and colleagues