Jobs in Dorchester, United Kingdom

Join us as a Model Risk Manager

• If you can demonstrate good knowledge of model risk and the controls environment and are passionate about driving effective risk management practices, then this could be the ideal role for you
• You’ll be applying decision making capability, anticipating and assessing the potential impacts of risk across the business, supporting the development of model risk controls associated with Artificial Intelligence (AI)
• You’ll gain significant exposure across the franchise and function and have the advantage of a varied breadth of work, supporting stakeholders to manage model risk
• You'll be joining a team with a collaborative culture in a fast paced and high profile role

What you'll do

You’ll deliver the assessment and implementation of model risk management policies and procedures to ensure compliance with regulatory requirements such as SS1/23 and industry best practice, converting these into appropriate strategies and action plans. You’ll also manage the identification and assessment of material risks and determine their position relative to agreed appetites.

Collaborating with cross functional teams and senior stakeholders across the business, you’ll ensure models are validated, documented and monitored, with robust remedial action plans in place where identified risks are considered out of appetite. You will demonstrate risk leadership and advocacy to support a culture of proactive and pre-emptive risk management and continuous improvement, and the attainment of operational risk objectives.

Other key elements of the role are to include:

• Monitoring and reporting on the overall health of the model risk management framework, managing the delivery and interpretation of risk MI and risk reports into the business highlighting any areas of concern or improvement
• Acting as a subject matter expert (SME) on model risk and controls, providing guidance and training to stakeholders
• Developing and maintaining strong relationships with key stakeholders to ensure effective communication and alignment of model risk management practices
• Implementing a robust governance framework that engages all relevant stakeholders to enable effective decision making
• Making sure that all aspects of risk management are delivered within the requirements of the policy framework and in accordance with conduct risk requirements
• Building and maintaining a stakeholder network of SMEs to support the development and delivery of innovative AI and data solutions

The skills you'll need

To be successful in this role, you’ll need a strong analytical background with the ability to think creatively when resolving complex problems and identify alternatives where established procedures may not exist, ensuring an improved customer experience, while protecting the shareholder.

You’ll also have good knowledge of risk management and the controls environment, ideally in model risk, and how this impacts our business and customers, as well as general project management experience, involving complex processes and technology issues.

On top of this, you’ll bring:

• A strong understanding of risk management
• Experience of the development and practical application of risk models including scoring and model monitoring
• Operational and business experience with a clear track record of delivery
• General knowledge of how regulatory, political, reputational and environmental risk issues impact a complex financial services business
• Excellent written and verbal communication skills with a strength in communicating complex or detailed information in a simple and clear style
• The ability to plan and prioritise workloads to ensure the most efficient use of the time and resources available
• The ability to think strategically, demonstrating thought leadership while being capable of translating concepts into effective processes
• A proactive, detail-orientated mindset

Hours

35

Job Posting Closing Date:

14/05/2025 Ways of Working:Remote First