My client is a leading wealth manager and retail bank with a growing UK‑focused business. The Model Risk Management (MRM) team is responsible for the design and maintenance of the Bank’s Model Risk Management policy and framework, ensuring comprehensive model governance and carrying out model validations and reviews across all the Bank’s models. The team is based in London and works on a hybrid basis with 3 days in the office.
Key Responsibilities
* Perform independent validation of models in the group inventory, including stochastic and deterministic quantitative methods, engaging with analytics teams and senior management in the timely completion of model validations and reporting of identified findings and weaknesses.
* Support and shape the Model Risk Management Framework, including model identification process, attestation, validation, and monitoring, and identify further areas of non‑compliance to SS1/23.
* Identify and assess key model risks ensuring they are effectively identified, measured, monitored and controlled in line with the Bank’s risk appetite and policies.
* Prioritise models requiring validation according to materiality, business use and complexity.
* Oversee model risk activities across the Group and challenge the appropriateness of models used within the business.
* Engage senior stakeholders (e.g., CROs, Finance Directors, Heads of Functions) on key model risk activities.
Requirements
* Significant prior experience of model validation and/or model development for credit risk, preferably in retail and corporate/wholesale.
* Practical understanding of model validation techniques on retail credit risk, IFRS9, and IRB models.
* Knowledge of model risk management regulations and standards in the UK and EU.
Job Details
* Employment type: Full‑time
* Seniority level: Mid‑senior level
* Job function: Finance
* Industry: Banking
* Location: London, United Kingdom
Referrals increase your chances of interviewing at Barclay Simpson by 2x.
#J-18808-Ljbffr