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Job Description

A rapidly growing mid tier bank are looking to bring onboard a Model Validation Manager to their London office.

The role requires the holder to undertake model validation activities across the bank. The role will be expected to challenge the suitability and build integrity of both Credit Risk models but also finance and capital and liquidity related models.

Initially the main focus will be the validation of regulatory models (IFRS9 and stress testing) but as the Bank expands its modelling capabilities (decisioning scorecards, cash flow models) the role holder will be responsible for assessing new as well as existing models.

  • The role holder will develop the validation framework, including liaising with other areas of the business to ensure the validation requirements are understood and adequately met. They are expected to Collaborate with Business Units to ensure the Validation framework develops in line with best practice and remains is fit for purpose.

 Key accountabilities:

  • Provide technical review and challenge all models across the bank
  • Work on full breadth of models from IFRS9, stress testing, application scorecards to operational scorecards
  • Take control of the assessment of all new model developments and any changes that need to be made to existing models
  • Qualitative reviews of model development and quantitative review of model performance
  • Ongoing development of a Validation framework
  • Prepare validation reports to the Model Governance Committee, including recommendations on how models can be improved and processes optimised
  • Tracking and monitoring progress against validation recommendations
  • Work across teams, overseeing the first line of defence

Qualifications/Experience:

  • Model Validation experience in Credit Risk 
  • Knowledge and understanding of regulatory models (IFRS9 and Stress Testing)
  • Strong mathematical and statistical background, knowledge of statistical modelling techniques.
  • Experience of using SAS is essential
  • Excellent written and presentational skills.
  • Advanced knowledge of MS Office suite

Competencies:

  • Problem solving
  • Proven analytical ability
  • Strong insight and proven ability to summarise succinctly
  • Strong planning and organising skills
  • Proven influencing and communication skills
  • Evidence of balanced and independent judgement
  • Ability to drive change

If you are interested in this role please apply below or contact me for more information.