Commercial / Retail Credit Risk Model Review - Senior Manager

Location
London, UK
Salary
Competitive salary
Posted
25 Jul 2021
Closes
03 Aug 2021
Ref
2340997404
Job role
Compliance/risk
Experience level
Manager
Job Summary
  • London
  • Permanent
  • BBBH787734
  • Jul 23, 2021
  • Competitive

Job Description
Global commercial bank seeks a Senior Manager level Quant as part of their expanding Model risk and Validation team focusing on Retail and Commercial Credit risk models.,

Role Description

An exciting opportunity has become available to join the Model Risk
and Validation (MRAV) 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 MRAV 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 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, Treasury o; 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
Industry Knowledge: A detailed and up-to-date understanding of
modelling and validation techniques, governance, model documentation
and relevant regulation, including any changes that may impact the
Group
Business Knowledge: Knowledge of banking business and associated risk
management approaches sufficient to understand models in the context
of the business
Business Partnering: Effective relationship management, delivering
successful business partnering whereby constructive challenge is
undertaken in a timely and orderly fashion
Influence: Ability to communicate and influence on sophisticated
issues, verbally and in writing (including model documentation),
across all key partner groups
Drive and Delivery: Track record of effective delivery and overcoming
challenges to deliver business results
Integrity: Has ethics and integrity at the heart of every decision,
and creates an environment that encourages high performance, openness,
honesty and integrity
Experience of model validation processes at other Banks
Experience of EU regulator beneficial
Machine Learning / Advanced Analytics experience, possibly gained in a
nonbanking environment

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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