Join us as a Model Risk Validation Officer
What you'll do
This role will see you validating and providing oversight to a range of retail and business banking models. You'll also be undertaking data analysis to make sure that model and data risks are identified and adequately highlighted as well as assessing the models’ compliance with regulations, internal policies and standards.
Your validation activities will be both qualitative and quantitative, and you'll perform sensitivity analysis to assess model or data assumptions.
Models in scope will include, but not limited to, scorecards, retail IRB, IFRS 9, and stress testing models from across the bank.
You'll present your validation findings to internal stakeholders and produce validation reports for consumption of model owners, users, senior management and regulators.
Your responsibilities will also include :
The skills you'll need
We’re looking for someone with a quantitative degree and significant experience of developing, reviewing, validating or implementing analytical credit risk measurement tools.
You should have a sound understanding of Basel IRB requirements and a good working knowledge of Python or SAS.
It would be an advantage if you have knowledge of IFRS9 standards and modelling approaches, and experience of developing, validating or managing retail credit scorecards.
A familiarity with the retail credit risk management lifecycle across retail banking products such as mortgages, personal loans, credit cards and bank accounts is also beneficial.
We’ll also expect :