Credit Risk Model Validation - Manager / Assistant Manager

Location
London, UK
Salary
Competitive salary
Posted
25 Jul 2021
Closes
03 Aug 2021
Ref
2340997374
Job role
Compliance/risk
Experience level
Manager
Job Summary
  • London
  • Permanent
  • BBBH787737
  • Jul 23, 2021
  • Competitive

Job Description
Market leading commercial bank seeks an assistant Manager and Manager level Quant Analyst in their expanding Model risk and Validation team focusing on commercial and retail credit risk models.

Role Description

An exciting opportunity has become available to join the Model Risk
and Validation team. The role will give you responsibility for
independent model review and technical validation across the Retail
and Commercial divisions with a degree of flexibility to work across
the teams. The scope is wide and covers Retail and Commercial Credit,
across both Regulatory and Non-Regulatory models.

This is a superb opportunity to develop areas of knowledge relating to
the Group's modelling capability and build a strong network of
contacts.

Key Accountabilities:

Lead independent reviews of all aspects of the bank's models,
including new developments, model changes, periodic validations and
ongoing monitoring

Independent Validation (partial or complete recoding, development or
building of challenger models)

Experienced independent review and challenge of model developments
(data profiling, selection, validation, back-testing, stress testing
and model documentation)

Detailed evaluation of models, including their: design, calibration
and validation, operation, usage, reporting, and governance

Documentation of validation findings, providing insight and
evaluation of weaknesses and making recommendations for improvements

Presentation of independent model review to Model Governance
Committee or Personal Approver

Maintain knowledge of model risk and regulatory requirements and
standards pertaining to risk models

Regular engagement with senior colleagues across the Group to manage
relationships, influence decision makers and challenge constructively
at a senior level

Key Capabilities/ Knowledge:

Where relevant below, you'll be expected to have a deep understanding
in either Commercial Credit, Retail Credit, ; experience across more
than one area is preferable but not essential.

Qualifications: You'll be highly numerate, with at least a degree
level qualification covering quantitative content or equivalent skills
derived from experience

Experience: Model build experience and/or independent validation
within a financial services organisation, using C/C++, R, Python or
SAS

Judgement: Ability to utilise experience and knowledge to make sound
model judgements, taking into account model performance, regulation
and wider considerations such as complexity vs benefit, short vs long
term trade-offs, and resource prioritisation

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.

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