Senior Manager - Model Risk Management (6 month FTC)

Starling; Manchester; On-site; GBP 60,000 - 80,000; Full time

Benefits offered by this job

25 days holiday

Extra day's holiday for birthday

Annual leave increase with service

Paid volunteering time

Salary sacrifice pension scheme

Life insurance at 4x salary

Private Medical Insurance

Family-friendly policies

Perkbox membership

Cycle to Work initiative

Job summary

A progressive banking institution based in Manchester is looking for a Senior Risk Manager to join their Model Risk Oversight team. This role involves implementing and assessing compliance of the Model Risk Policy across business areas, maintaining the model inventory, and developing assurance plans. The ideal candidate will have extensive experience in model risk oversight within a banking environment, strong communication skills, and a solid understanding of model governance. This is a fixed-term contract for six months, offering a competitive salary and a range of benefits.

Qualifications

• Experience in model risk oversight and control within a banking environment.
• Understanding of types of models used in a bank and potential risks.
• Proven ability to interpret regulatory requirements.
• Strong communication skills for presenting documents and committee papers.

Responsibilities

• Work on implementation and compliance assessment of Model Risk Policy.
• Lead reviews of Model Risk Governance Policies and Standards.
• Update Model Inventory and report on compliance.
• Track industry trends and enhance the Bank's approach to model risk.

Skills

Model risk oversight

Regulatory compliance

Influencing and negotiation

Strong communication

Understanding of model governance

Job description

Overview

Hello, we're Starling. We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way. We're a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We're a bank, but better: fairer, easier to use and designed to demystify money for everyone. We employ more than 3,500 people across our London, Southampton, Cardiff and Manchester offices.

A fantastic opportunity has become available as a Senior Risk Manager in our growing Model Risk Oversight team. As a Senior Risk Manager you will be working across all business areas on implementation and compliance assessment of the Model Risk Policy and all related modelling standards. You will be responsible for the maintenance of the Bank's model inventory, and reporting on model performance against risk appetite. This is a 6 month fixed-term contract.

Responsibilities

• Work across all business areas on implementation and compliance assessment of Model Risk Policy
• Lead on periodic reviews of Model Risk Governance Policies and Standards
• Update and maintain the Model Inventory, risk assessment and reporting
• Track and report on the compliance of models with governance requirements
• Keep track of industry trends and regulatory requirements to continually enhance the Bank's approach to model and AI risk
• Report to Committees on the performance of models, including against the Bank's model risk appetite
• Develop an assurance plan for model and AI risk and undertake assurance reviews

Requirements

• Experience in model risk oversight and control related roles within a Banking environment
• A detailed understanding of the types of models used within a Bank, including where model risks may arise
• A proven ability to interpret and comply with regulatory requirements
• Proven experience in influencing, negotiation and relationship management
• Strong communication skills, with experience of preparing and presenting documents and committee papers in relation to model risk
• A good understanding of model development, validation and implementation processes
• Strong understanding of best practice in model risk governance
• Ability to create clear and informative summary information and MI packs

Benefits

• 25 days holiday (plus take your public holiday allowance whenever works best for you)
• An extra day's holiday for your birthday
• Annual leave is increased with length of service, and you can choose to buy or sell up to five extra days off
• 16 hours paid volunteering time a year
• Salary sacrifice, company enhanced pension scheme
• Life insurance at 4x your salary
• Private Medical Insurance with VitalityHealth including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton
• Generous family-friendly policies
• Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
• Access to initiatives like Cycle to Work and Salary Sacrificed Gym partnerships

About Us

You may be put off applying for a role because you don't tick every box. Forget that! While we can't accommodate every flexible working request, we're always open to discussion. So, if you're excited about working with us, but aren't sure if you're 100% there yet, get in touch anyway.

We're on a mission to radically reshape banking - and that starts with our brilliant team. Whatever came before, we're proud to bring together people of all backgrounds and experiences who love working together to solve problems. Starling is an equal opportunity employer, and we're proud of our ongoing efforts to foster diversity & inclusion in the workplace. Individuals seeking employment at Starling are considered without regard to race, religion, national origin, age, sex, gender, gender identity, gender expression, sexual orientation, marital status, medical condition, ancestry, physical or mental disability, military or veteran status, or any other characteristic protected by applicable law. When you provide us with this information, you are doing so at your own consent, with full knowledge that we will process this personal data in accordance with our Privacy Notice.

By submitting your application, you agree that Starling may collect your personal data for recruiting and related purposes. Our Privacy Notice explains what personal information we may process, where we may process your personal information, its purposes for processing your personal information, and the rights you can exercise over our use of your personal information.