Senior Manager - Independent Model Validation

Paragon Banking Group PLC; Metropolitan Borough of Solihull; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A prestigious UK bank is seeking an experienced Independent Model Validation Manager to lead high-quality analysis and model governance. The role involves developing the IMV Infrastructure, engaging with model developers, and supporting team development in a flexible, hybrid working environment. Ideal candidates will possess strong numerical, analytical, and communication skills along with proven experience in statistical modelling. This role offers generous benefits including a competitive holiday allowance, pension contributions, and family-friendly policies.

Benefits

Generous Holiday Allowance

Share Save Scheme

Profit Related Pay

Pension Plan

Family Friendly policies

Employee Discounts

Volunteering Day

Life Assurance and Personal Accident Cover

Flexible working arrangements

Qualifications

• Proven experience of applying statistical modelling and analytics.
• Good knowledge of IRB, IFRS 9, and Model Risk Management regulations.
• Proven ability to work independently and support/manage a wider team.

Responsibilities

• Leading high-quality analysis, independent reviews & challenge of models.
• Developing the IMV Infrastructure and framework.
• Engaging with model developers and owners.
• Preparing accurate reports for governance bodies.
• Supporting team members to reach their full potential.

Skills

Highly numerate

Excellent analytical skills

Verbal communication skills

Written communication skills

Statistical modelling

Coding (model development)

Independently managing a team

Job description

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About The Role

Let's grow together!

A Platinum Investors in People employer and an award-winning UK bank, focused on growth. Our customers include savers and businesses across the UK and, working together, we use our specialist expertise to help them achieve their ambitions and build a sustainable future. If you're an experienced Independent Model Validation (IMV) Manager or Model Development Manager looking for an opportunity to grow in a friendly environment, we're looking for you!

We're flexible, inclusive, committed to your wellbeing and passionate about you reaching your potential. Let's grow together ...

What you’ll be doing

• Leading and delivering high-quality analysis, independent reviews & challenge of the mathematical and theoretical soundness of models; model compliance with relevant regulation; data quality, model monitoring and performance; model documentation; model implementation; and model use,
• Leading and developing the IMV Infrastructure and framework, and supporting the review, maintenance and management of all model governance policies and standards relating to IMV,
• Engaging with model developers, owners and implementers on specific areas of model development, model changes, performance and implementation,
• Preparing clear, accurate and timely reports and communicating to and representation at appropriate internal governance bodies including supporting the Head of IMV,
• Support the development of team members to reach their full potential.

About You

What you’ll bring to the team

• Highly numerate, excellent analytical, verbal and written communication skills,
• Proven experience of applying statistical modelling and analytics across the account life cycle,
• Good knowledge of IRB, IFRS 9, Model Risk Management (MRM) regulation and AI techniques,
• Proven experience of coding (model development and implementation),
• Proven ability to work independently and support/manage the wider team,

Even if you don't meet all the criteria, we encourage you to apply. At Paragon, we value diversity and we're excited to hear from passionate individuals like you! If you're ready to contribute to the team, please apply.

Further information on the role can be found in the Purpose and Performance Profile (PPP), which is downloadable on this page.

Please note, applicants must have the right to work in the UK. We do not offer visa sponsorship.

Working hours

You will be required to work 37.5 hours per week across Monday to Friday, adopting a hybrid working model with a blend of remote and office-based work.

Inclusion

As a Disability Confident Employer, we want to ensure that our vacancies are accessible for everyone. If you have a disability, long term health condition or are neurodiverse and need us to adjust our recruitment process please get in touch with our recruitment team.

About Us

What can we offer you?

• Generous Holiday Allowance: Starting from 27 days and climbing to 30, you also get to enjoy a day off for your birthday, Christmas Eve, and New Year's Eve. You can also buy or sell up to a week's leave
• Share Save Scheme: Annually, you have the opportunity to buy shares in Paragon at a discounted rate
• Profit Related Pay: We share some of our annual profit with our eligible employees
• Pension Plan: We contribute up to 10% of your annual salary towards your pension
• Family Friendly policies: We offer enhanced parental pay and paid time off for fertility treatment
• Employee Discounts: Enjoy exclusive discounts on entertainment, travel, shopping, motoring and more
• Volunteering Day: Contribute to causes you care about with one volunteering day per year
• Life Assurance and Personal Accident Cover
• Be flexible

We promote flexibility around how and where we work so that you can achieve a healthier work-life balance. We operate hybrid working, splitting our week between the office and home. We are also open to discussing flexible working.

• Be yourself
  As an equal opportunities employer, we welcome diversity and care about inclusion. That's why we want you to be your whole self at work. We believe an inclusive workplace is good for each of us, great for our customers and better for our business. Our Equality, Diversity and Inclusion Network meets regularly to share challenges, experience, and ideas to build a more equal, diverse, and inclusive business.
• Be heard
  We listen to your point of view, with our People Forum and regular employee surveys making sure you can use your voice and influence our future.
• Be well
  We will give you access to a range of tools and resources to support your wellbeing. This will include a digital GP service via our free Employee Assistance Programme, access to our Wellbeing team to connect you with the help you need to get more out of life and our Vitality at Work programme to provide you with discounted gym membership, fitness equipment and another multitude of wellbeing services.
• Be better

We want you to reach your potential and, as a Platinum Investors in People employer, we'll encourage you to learn and develop by building a personalised development plan together with your manager.