We have an exciting new opening within the Financial and Model Risk (FaM) Function for a Senior Manager- Model Risk Management and Validation. The individual will report into the Group Head of Model Risk Management and Validation.
FaM are a trusted advisor and critical friend to the 1st line of defence. Our key purpose is to enable the business to make effective risk-based judgements, think through the prudential regulatory framework and underpinned by robust controls and governance.
The Senior Manager - Model Risk Management and Validation will be in charge of the organisation's model risk appetite process, refining Board-level metrics and Key Risk Indicators. They will be responsible for key elements of the Group Model Risk Committee, including overseeing the regular production of accurate risk reporting and management information, plus supporting sub-forums.
The individual will also be responsible for the oversight and management of the Group's Model Inventory and will lead the ongoing education and training of relevant staff re: Model Risk expectations and requirements. They will be responsible for the development and maintenance of the Model Risk Framework, Policy, Control Standards and supporting Group-wide artefacts such as the Model Validation Procedures.
In addition, the role holder will oversee support of some critical models (e.g. IFRS9, AIRB Secured), ensuring alignment with in...