To be responsible for implementing effective management of model risk across the business. Act as the 2LoD subject matter expert on Model Risk for internal stakeholders from Director to Board level and externally to the regulator. Provide independent advice, oversight and challenge on the design, validation and model use to the Model Risk Committee. This will cover all models employed including (but not limited to) the IRB Rating system, Retail Credit, ALM and Finance Models. Lead the model risk oversight team to ensure all activities operate within the risk appetite and comply with internal policies and all regulatory standards / guidance. Partner with key business stakeholders and divisions to drive the embedding of Model Risk best practice, acting as a key strategic enabler for Model Risk to enable the business to better understand and manage the associated risk profile.

Remote working options available.

Key responsibilities include:

•Overall responsibility for providing independent oversight of Model Risk. Ensure that all models meet regulatory and internal policy requirements.

•Responsible for leading all 2nd line engagement with the PRA on all technical model risk matters

•Provide expertise, guidance, review and sign off on all Model Risk reviews produced by the model risk managers and analysts in the team covering (but not limited to) the IRB Rating system, IFRS9, Retail Credit, ALM, Treasury and Finance Models.

•Responsible for ensuring that the Prudential Risk Oversight plan captures all required model validations as defined within the Model Governance Policy and known model developments.

•Responsible for the effective review and oversight of model monitoring MI to support early identification and assessment of emerging risks. Accountable for the escalation of potential issues to the Lead – Prudential Risk, Chiefs and relevant committees where appropriate.

•Responsible for the development and enforcement of the Model Risk Governance framework to ensure all regulatory requirements are met and appropriate to manage model risk

•Responsible for managing all Director-level stakeholders who are model owner’s

•Partner with key business stakeholders and divisions, providing advice, challenge and expertise on a range of complex issues, and providing challenge to divisional and specialist risk management strategies.

•Responsible for the strategic direction of model risk management and delivery including achieving buy-in from senior stakeholders such as the CRO, CFO and Board Risk Committee.

Previous experience and qualifications:

•Background within a risk management function in the Banking Sector.

•Excellent understanding of modelling approaches in particular Retail Credit/IRB, ALM and Finance.

•Excellent communication skills, in particular in translating technical concepts and facts into clear understandable management information for commercial and operational colleagues.

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Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately your application has been unsuccessful. However, we may be in touch with similar relevant opportunities.

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