This range is provided by Barclay Simpson. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
My client is a leading asset financing business. The Model Risk Management (MRM) team are 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 Banks models. The team is based in London and India and work on a hybrid basis with 2 days in the office.
Key Responsibilities
* Developing and maintaining the Model Risk Management Policy and Model Risk Management Frameworks to ensure continued compliance with changing regulatory and corporate requirements
* Maintaining the model inventory by working with model owners, model developers and independent validation teams to ensure that models are catalogued, monitored, developed, validated, remediated and approved in line with policy and frameworks
* Developing and implementing methods for measuring and reporting model risk, including inherent model prudence and the setting of model risk appetites in line with the Risk Appetite Framework
* Proposing and assessing Post-Model Adjustments to counter model limitations and mitigate model validation findings
* Assessing and presenting model validation findings to governance committees as part of the model approval process
* Researching and proposing model validation concepts to inform independent validation activities
* Performing model validation where allowable whilst ensuring independence from model development
Requirements:
* Significant prior experience of model validation and/or model development for credit risk, preferably in retail, corporate/wholesale also potentially relevant.
* Practical understanding of model validation techniques particularly on retail credit risk, IFRS9, and IRB models.
* Knowledge of model risk management regulations and standards in the UK and EU.
Candidates will likely be working in the model risk or development team of a retail bank, challenger, consumer finance firm or consultancy specialised within credit risk.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance
#J-18808-Ljbffr