Model Risk Manager

Primary responsibilities:

• Independently validate, test, and challenge stress testing models, in particular, those used for capital, stress loss or RWA projections (ICAAP and RRP)
• Produce written model validation reports using Firm’s approved tools and templates
• Engage with reviewers in other locations, model developers and owners and communicate the validation outcomes with the relevant stakeholders
• Adhere to the Firm’s global standards for model validation and review and actively participate in the model risk management processes

Skills required (essential):

• Experience in validating stress testing models including assessing conceptual soundness, testing and writing the validation reports
• Good understanding of stress testing methodologies as well as UK and EU regulatory requirements (ICAAP, PRA, EBA)
• Postgraduate degree in Finance, Economics, Mathematics, Physics, Engineering, or a related fields
• Clear, concise, and structured writing and communication skills
• Familiarity with statistical software (e.g. R, Python, MATLAB)
• Strong interpersonal and stakeholder management skills
• Highly organized with close attention to detail