Model Validation

1 month ago


United Kingdom Consulting Company Full time

Role Overview: The candidate will support in validating models used in IRB (Basel/Capital), IFRS9 Impairment, and Business Model Risk Management.

Key Responsibilities:

  • Independent Review: Conduct independent reviews and challenges of models.
  • Technical Analysis: Perform technical and data analyses, benchmarking, and build challenger models if necessary.
  • Reporting: Produce high-quality validation reports, highlighting limitations, weaknesses, and assumptions.
  • Technical Development: Stay updated with new modelling and validation techniques; contribute to technical presentations for team development.
  • Stakeholder Management: Support the team lead in liaising with model owners, provide high-quality input to modellers, ensure open communication with stakeholders, and uphold the Group Model Risk Policy.
  • Decision-making: Independently manage projects, interpret deviations, take corrective actions, measure KPIs, and adhere to timelines.

Person Specification:

  • Quantitative Skills: Expertise in model validation and risk management, with knowledge of regulatory requirements.
  • Qualitative Skills: Strong leadership and influencing abilities.

Essential Skills:

  • Education: Honours degree, Masters, or PhD in a quantitative subject (Mathematics, Physics, Operational Research, Economics, or Finance).
  • Coding: Significant experience in R/SQL/C++/Python, including handling large datasets and writing functions.
  • Experience: Relevant experience in Credit Risk Model Development or Validation.
  • Tools: Experience with data analysis tools (SAS, Python) and MS Suite (Word, Excel, PPT, Project, Visio, and SharePoint).
  • Industry Knowledge: Prior experience in banking/financial industry with knowledge in capital and risk management.


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