Audit Manager – Actuarial and Model Risk The company Our client is one of the UK’s most recognised Financial Services brands. They currently have an opportunity for a model risk expert, to join their team to provide risk and control oversight across their modelling activities. This role would be a fantastic opportunity for an experienced actuary or model risk professional looking to utilise their technical knowledge and their people skills, while getting oversight of the broadest possible range of financial models. The opportunity Lead and or support the delivery of complex audits of high quality, to provide independent assurance and agree management actions to enhance the control framework. Establish and build relationships with stakeholders to educate the business in the control framework and influence business processes and required actions to deliver control improvements. Work collaboratively across the risk / business audit matrix to develop an understanding of business priorities and risk appetite relevant to assigned Audits, identify key controls and evaluate their design effectiveness requiring only light supervision. Define, propose and complete testing of key controls for assigned Audits to evaluate their operational effectiveness requiring only light supervision. Your profile A banking model risk, governance or validation professional or an actuary with experience of capita and or Solvency Il modelling. Knowledge of the model life cycle, and the associated risks Statistical analysis and qualitative techniques for validating models. Credit risk modelling, regression based models, retail credit risk scorecards, Capital Requirements thereof, credit provision modelling techniques. Capital modelling and optimisation Capital management frameworks and regulatory capital treatments Ideally Effective model risk management and governance.