Model Risk Oversight

2 days ago


West Bromwich, United Kingdom Outsource UK Full time

Data, Data Analysis, Data Modelling, SQL, Visualisation

Our client based in West Bromwich is seeking a Model Risk Oversight for a permanent role.

**The Role**:
This role will ensure that the data used in model building and ongoing monitoring/validation conforms with the requirements of the Model Risk Policy.

Will need to assure that the Society's Model Risk governance documents are kept up to date, reflective of current practice and maintained in accordance with the Society's Policy Governance. Models represent the visibility of weaknesses and limitations, including any mitigants and potential impacts.

They will work closely with the team and will be reporting to Chief Risk Officer (CRO).

**Key Responsibilities**:

- Oversight of the Model Risk Appetite, including monthly reporting of metrics.
- Engage with model owners, developers and IT to communicate expectations around the quality of data within model submissions.
- Perform data quality and implementation analyses as critical elements to support the overall review and challenge process for all new and existing models, and critical Society spreadsheets, where required.
- Enforce the strict principles of the Model Risk Policy, through conclusions of data and implementation validity leading to model approval, rejection and feedback to drive continuous improvements across the Society.
- Produce high-quality model validation reports and presentations for key stakeholders.
- Ensure open, transparent, proactive and timely interaction with key stakeholders (model owners, developers) in alignment with Society's Value and Behaviour principles.

**Key Skills / Experience Required**:

- Strong data analytics experience, gained within an audit, risk or compliance function.
- Ability to produce high-quality written communication and presentations for technical and non-technical audiences.
- Ability to communicate and influence effectively, including showing strong written and verbal communication skills with an ability to tailor messaging to suit the audience and interact effectively with internal and external parties at all levels.
- Ability to work in a high-performing team, and the ability to work and liaise with others in a multi-functional team.
- Highly assertive, as well as demonstrating balanced and sound judgement; highly organised and able to meet tight deadlines, prioritising where required.

Data, Data Analysis, Data Modelling, SQL, Visualisation



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