Model Risk Oversight Manager

2 months ago

Edinburgh, Edinburgh, United Kingdom TSB Full time


Job Title:
Model Risk Oversight Manager

Function: Risk

Location:
Edinburgh or London - Hybrid working

Salary:
Competitive plus excellent benefits

Closing Date: 24 July 24

At TSB, we're all here to give money confidence to our customers and communities. Wherever you work in TSB, you can make a real difference to your career, our business, and the wider community.

Within our Risk Team, we're looking for a Model Risk Oversight Manager who is passionate about making sure our Risk Models meet the highest internal and regulatory standards.

Our Model Risk Oversight team plays an important part in our business. The team is responsible for the oversight of risk and financial models. This includes the independent validation of our most important models, including IRB, IFRS9 and Treasury models, to a standard that meets internal and regulatory expectations. The role requires you to lead the statistical testing of the models and report on the technical findings in a clear and transparent way.

How you'll make a difference

Leading a small team of people, you will be responsible for effectively leading the validation of the components of Credit & Financial Risk models, following our internal framework and standards as well as external regulation.

You will produce internal and external reports summarising the validations, highlighting areas for potential improvement. You will support senior management in their interactions across the business and externally. You will be able to influence, and build relationships with, a range of stakeholders from within Risk and the wider TSB Business.

The role is about working collaboratively to support a strong culture of accountability, empowerment, and proactive contribution to the ongoing development of the function, reflecting the evolving modelling landscape within the bank and the associated regulatory expectations.

You'll be based in Edinburgh or London however will work flexibly between home and our office. The team typically collaborates in the office at least one day per week.

What you'll bring.
  • A proven background in quantitative risk assessment models and methodologies, with experience in either model development or validation.
  • Experience covering financial products and services, coupled with proven experience working in a specialist Risk function e.g., Model Risk / Capital Risk / Credit Risk / Market Risk.
  • Strong knowledge of Credit/Financial Model Risk related regulation e.g., Capital Requirements Regulation and IFRS9.
  • Capability to understand complex issues, communicate with clarity and provide information to senior leaders including Directors and Heads of Function.
  • Ability to lead, inspire and develop individuals and create high performing teams to deliver model validations.
  • Be recognised by your stakeholders as providing excellent technical and regulatory knowledge - building on the strong reputation of the Model Risk Oversight team within TSB.
  • Be a strong team player, working effectively with colleagues in the Model Risk Oversight team as well as in the wider business which in turn helps deliver our regulatory commitments.
  • Display accountable behaviours and values - things happen because of you

    What we offer in return
    • Hybrid and flexible working arrangements to support a healthy work/life balance
    • An attractive reward and benefits package through myTSB, giving you more of what matters to you
    • A diverse, energising, and collaborative working environment
    • A career that's enriching and full of opportunities

      So, if this sounds up your street, come join our team, we make things happen

      We are TSB. Life Made More

      #LI-GN1

      #LI-Hybrid

      Inclusion matters at TSB. We want our colleagues to feel at home here, no matter their background. Diverse teams are what helps us deliver Money Confidence. For everyone, Every day.

      Did our job advert catch you eye, but you don't meet all the requirements? Don't let that put you off. If you meet some of the requirements and have an open curious mindset, we'd love to hear from you.

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