Business Unit: Group Risk, Independent Model Validation
Location: UK Flexible
Contract type : Permanent
The validation team holds a key role in the validation, challenge, and oversight of VMUK’s overall model landscape, including credit risk, financial and operational models. You’ll have the opportunity to work across a broad range of models spanning retail and business asset classes and drive insight and improvements in model outputs and controls.
Providing assurance on compliance with the regulatory requirements we work within
Assisting with credit risk IFRS 9/Stress Testing models and the opportunity to be involved with IRB, Pricing, Op Risk, Climate Risk or other models
Engaging with model owners, gathering materials for analysis, challenging model performance or development and documenting findings
Utilising your technical skills in data manipulation and extraction, assessing and comparing data from a variety of sources
Supporting the continuous learning and development of a best practice modelling culture within the bank
Offering insight and recommendations that contribute to achieving best in class risk models.
Experience in the use of statistical software to analyse and interpret data
Superb data presentation and report writing skills, ideally for a Model Risk Committee or equivalent
It’s a bonus if you have but not essential
Experience using SAS and/or Python
Good knowledge of Credit Risk Modelling including PD, EAD and LGD models
Familiarity of IFRS 9 or Stress Testing models in the financial industry.
Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more.
~ Up to five extra paid well-being days per year.
~20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt.
~ Market-leading pension.
~ Free private medical cover, income protection and life assurance.
~ Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank. As a full-service digital bank with a heritage stretching back over 180 years, we’re a workforce to be reckoned with, and we're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities. As a Disability Confident Leader, we're committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team careers@virginmoney.It’s important to note that there may be occasions where it’s not possible to interview all candidates declaring a disability who meet the essential criteria for the job. Now the legal bit
These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.