Description
Senior Manager Model Validation / London / £CompetitiveA well know bank is looking for a Senior Manager to join their validation team.
Key Responsibilities
- Ensuring effective independent validation of the Bank's Risk Models
- Supporting effective implementation of Risk Model governance across the Bank in line with all regulatory requirements
- Providing appropriate oversight of all model developments and deployments across all business functions in line with requirements of a Credit Risk Control Unit (as described within Capital Regulatory Requirements)
- Establishing an independent programme of annual validation of IRB models and other Financial Models as required by the Bank
- Ensuring the provision of Regulatory Horizon Scanning for all aspects of Capital Requirements Directive and Capital Regulatory Requirements compliance
- Managing external validation partners to ensure adequate resources and that all contractual SLAs are met
- Acting as an independent challenger of model risk and perpetuating a culture of best model practice throughout the institution
- Working with Risk Models Team to achieve best practice
Key Skills and Experience
- In-depth, up-to-date knowledge of UK and European banking regulations as they affect models and rating systems
- Significant experience of Risk Model development techniques and appropriateness of Risk Model methodologies with the credibility to engage in discussion with internal and external contacts
- Expert knowledge of model risk governance and its impact on capital requirements: model risk appetite; model risk strategy; model risk management; model validation
- Ability to drive performance and transformation required for risk model validation
- Ability to derive new ideas and use abstract thinking to contribute to model risk management and the communication skills to articulate supporting arguments at all levels
- Ability to present effectively at major meetings/conferences and to communicate the most complex technical/specialist ideas effectively to all audiences
- Strong mathematical and statistical analysis skills at degree level
- Excellent leadership, planning and organisation skills
- Excellent influencing and persuasiveness skills
- Very strong report writing, presentation and delivery skills
- Experience of dealing with the PRA (and FCA) including managing their expectations
- Very strong experience of building and validating retail and corporate banking risk rating systems
- Experience of model governance and provision of documentation to Board level
Salary - £competitive
Contact Details
Please contact Sunita Patel on to discuss further or forward you CV via the link below.