Senior Model Risk Manager

Hargreaves Lansdown; Bristol; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A top financial services firm based in Bristol seeks a Senior Model Risk Manager to lead model validation efforts and establish best practices across the organization. The role requires significant experience in quantitative analysis and stakeholder management. Candidates should have a degree in a numerate subject and possess strong programming skills. The company offers a hybrid working model, competitive salary, and generous benefits including a discretionary annual bonus, enhanced parental leave, and private medical insurance.

Benefits

Discretionary annual bonus

25 days holiday plus bank holidays

Private medical insurance

Enhanced parental leave

Pension scheme up to 11% employer contribution

Qualifications

• Significant experience of providing quantitative analysis to stakeholders.
• Specialist knowledge of model governance regulatory expectations.
• Strong experience in using modelling outputs for risk profile reporting.

Responsibilities

• Manage Model Validation framework and maintain Model Risk Framework.
• Provide challenge to model assumptions and implementations.
• Drive stakeholder interaction throughout model lifecycle.

Skills

Statistical modelling expertise

Stakeholder management

Solution-focused mindset

Quantitative analysis

Programming skills (R, Python, Matlab, SAS, Java, Oracle, SQL)

Education

Degree in a numerate subject

CFA qualification (bonus)

Job description

Excited to grow your career? Our purpose is to make it easy for people to save and invest for a better future. We are looking for great people to join us, so please come and invest in YOUR future at Hargreaves Lansdown.

We know that sometimes people can be put off applying for a job if they don't tick every box. If you're excited about working for us and have most of the skills or experience we're looking for, please go ahead and apply. We’d love to hear from you!

About the role

As a Senior Model Risk Manager, you will support the Head of Model Risk to deliver a robust group wide model validation function, establishing best practice in the design, management, validation and use of material models across the Group.

In this role, you will have significant contribution to model validation function, establishing best practice in the design, management, validation and use of material models across the Group.

What you’ll be doing

• Model Validation framework – in conjunction with the Head of Model Risk manage and maintain the Group Model Risk Framework
• Subject matter expert on statistical modelling
• Provide thought leadership to the Head of Model Risk, CRO and the Company Secretariat to ensure an appropriate governance structure is in place
• Model Validation - provide effective challenge to model assumptions, mathematical formulation, and implementation across HL business lines
• Model support – Drive stakeholder interaction with model developers and business owners during the model lifecycle
• Carry out validation of specific models. Key models will include: capital, liquidity, stresstesting, client insight, wealth and fund management
• Be accountable for day to day activities including maintenance, regular update and accuracy of the model register and the management of the validation schedule
• Assess and quantify model risk due to model limitations to inform stakeholders of their risk profile and development of compensating controls
• Shape the model risk strategy, and provide expertise cross-functional initiatives within the model risk organisation
• Own and present model validation findings to Accountable Executives and executive level committees

About you

• Experienced delivering at a senior level, in a role with a similar governance model
• Demonstrable experience of modelling for ICAAP/ICARA, Finance and Stress Testing models, modelling for wider decision-making and the core techniques within a validation role
• Significant experience of providing quantitative analysis to stakeholders
• Broad stakeholder management skills with an ability to lead technical experts
• Operate professionally with integrity and discretion, able to manage sensitive data appropriately
• Solution focused mindset – with the ability to use own experience to develop innovative solutions and resolve complex issues
• Strong experience of using the outputs from modelling activity as an input to risk profile reporting
• Specialist knowledge of model governance regulatory and industry best practice expectations
• Good understanding of Financial Services, in particular the Wealth industry
• Excel expert, in addition to significant programming skills: ‘R’, Python, Matlab, SAS, R, Java, Oracle and SQL
• Degree level in a numerate subject. CFA qualification would be an added bonus

Interview process

The interview process for this role will be a two stage interview consisting of technical competency-based questions and an assessment.

Working Schedule

The Senior Model Risk Manager role is a Permanent, full time, 37.5 hours per week, Monday to Friday. Our office is based in Bristol, BS1 5HL. Hybrid working is available where there’s flexibility to work from home and in the office.

Why us?

Here at HL, we’re the UK’s number 1 investment platform for private investors, based in Bristol. For more than 40 years we’ve helped investors save time, tax and money on their investments.

To achieve our mission, we believe we have a workplace like no other, with constant learning, dynamic teams, and a great ethos. We're steered by core values that promote service, quality, innovation, and opportunity in everything we do.

What's on offer?

• Discretionary annual bonus * and annual pay review
• 25 days * holiday plus bank holidays and 1-day additional Christmas closure
• Option to purchase an additional 5 days holiday **
• Flexible working options available, including hybrid working
• Enhanced parental leave
• Pension scheme up to 11% employer contribution
• Income Protection and Life insurance (4 × salary core level of cover)
• Private medical insurance*
• Health care cash plans - including optical, dental, and out patient care
• Health screening programme
• Help@hand - confidential support including mental health counselling and remote GP
• Wellhub - unlimited access to fitness provider s and w ellness c oach sessions
• Variety of travel to work schemes with bike storage and shower facilities
• Inhouse barista and deli serving subsidised coffee and sandwiches
• T wo paid volunteering days per year

* dependant on role level

** only available to select during our annual benefits window, in November each year

Hargreaves Lansdown is an inclusive employer that values diversity in its workforce. We encourage applications from all individuals without regard to race, religion, gender, sexual orientation, national origin, disability or age.

This role may also be available on a flexible working or part time basis – please ask the Recruitment & Onboarding team for more information.

Please note, we are unable to provide employment sponsorship to candidates.