, United Kingdom Job Family Group: Finance Worker Type: Regular Posting Start Date: April 3, 2025 Business unit: Experience Level: Experienced Professionals Job Description: What's the role? The professional bridges eight areas: Assessment that a Model is “fit for purpose” Analysis of Model algorithms applying different validation techniques including using challenger models internally built or procured externally Review of process underlying a Model including inputs and outputs flows Determination of adjustments to Model required to mitigate weaknesses Collection of code and documentation for successive Model versions from Model Owners Guidance to Model Owners in execution of testing Update of Inventory of Models used within the Risk Management Function (RMF) and without as requested Maintenance and extension of the Model Validation policy The different professionals involved in these activities along with the Group manager will intervene on a Model at 3 levels: The Scientist Senior Analyst will investigate the conceptual underpinnings of the Model and audit the embedded algorithms with a view to identifying limitations to the model and remediations The Engineer Analyst will consider the cases where the Model is applied and formulat e test scripts to verify that inputs & parameters are used appropriately to generate outputs that are properly understood The Technician Junior Analyst will compile the information related to the Model and execute test scripts Engagement of the Model Validation specialists with external Stakeholders will be very significant starting with other groups in the RMF such as Quantitative Analysis, Portfolio Valuation, Market Risk Management Advisory, Market Risk Operations, Risk Process & Data & Systems, Risk Management Transformation and Credit Risk Management Advisory. They will also interface ongoing with Commercial Traders, Originators and analysts in Structuring, Quantitative Analysis and Fundamental Research as well as Back-Office and Information Technology Departments. The Model Validation specialists also participate in educational efforts with benefits across the RMF and the firm. - DISCLAIMER: Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date. Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Shell/Shell Group companies around the world. The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand. Shell is an Equal Opportunity Employer.