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Business analyst - model findings reveiew - finance

London
Essential Consulting
Business analyst
Posted: 15h ago
Offer description

We are looking to onboard a Business Analyst to work within the Finance Model Risk Management Programme at a large UK bank on a contract basis on Model Findings Review. The role will be London based and hybrid (expectation minimum 1-2 days per week on-site). This is an initial 3 month contract, with potential for extension. Background and Role In May 2025, the PRAs Supervisory Statement SS1/23 came into effect, raising expectations on banks to strengthen governance, oversight, and control of model risk. The banks Finance & Treasury functions have assessed their existing model risk practices and identified areas for improvement. To address these, a six-month improvement programme has been mobilised with three key initiatives: Model Implementation building a proof-of-concept (POC) model execution framework on AWS. Model Monitoring developing a POC monitoring framework to standardise oversight and performance testing. Model Documentation defining gold standard documentation templates across the Finance model lifecycle. These initiatives will act as foundational pillars for achieving a compliance plus assessment against PRA SS1/23. They are business-led by Finance & Treasury with support from Technology, and supplemented with specialist external resources. We are looking to onboard a Business Analyst to specifically work on Model Findings Review conducting a time limited review of the banks backlog of model findings and issues. The Business Analyst will be working with Model Owners and developers to consolidate into a plan of remediation actions to be reviewed and signed off by the banks Independent Model Validation and Model Risk governance teams. Key Experience Required: Strong analytical and organisational skills Experience reviewing and consolidating model findings/issues Ability to work with Model Owners & Developers Familiarity with remediation planning and validation processes Understanding of model governance frameworks

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