**Job Overview**
Virgin Money is seeking a skilled Risk Management Lead to join our Model Risk & Analytics team. This role will focus on developing and maintaining credit stress testing models across Retail and Business portfolios.
**Responsibilities**
* Developing and maintaining credit stress testing models, including ongoing model maintenance and the scoping, design, development, validation, and implementation of credit stress testing models in line with Bank standards and regulatory compliance requirements.
* Working closely with management to implement changes to the SAS-based Stress Testing Engines and associated analytical tools and Excel interfaces.
* Supporting delivery of first-class model documentation and recommendation papers to governance committees.
* Advocating the development and maintenance of model performance monitoring and annual reviews.
* Collaborating with credit risk modelling, finance, and business teams for obtaining insights and feedback for the management of the credit stress testing models.
* Ensuring models comply with internal and external policies and regulations through the management of robust processes.
* Focusing on continuous improvement through identifying model performance issues and addressing oversight actions.
**Requirements**
* Extensive experience in model development for stress testing, ideally using SAS and R, with a deep understanding of Credit Risk.
* In-depth knowledge of stress testing model development within an IFRS 9 and IRB environment, across various Retail/Business credit portfolios.
* Proven ability to make timely and strategic decisions, taking full accountability for outcomes and driving initiatives from conception to completion.
* Strong leadership skills to build and sustain effective networks and relationships with internal and external stakeholders.
* Excellent communication skills to articulate complex methodologies, processes, and outputs to colleagues with varying levels of subject matter expertise.
**Benefits**
* Generous holidays and paid well-being days per year.
* Market-leading pension.
* Free private medical cover, income protection, and life assurance.
* Flexible benefits include Cycle to Work, wellness, and health assessments.