Model Risk Validation Specialist
4 weeks ago
We are seeking a highly skilled Model Risk Validation Officer to join our team at NatWest. As a key member of our risk management team, you will be responsible for reviewing and validating our credit risk models to ensure they meet our risk management policies and regulatory requirements.
Key Responsibilities:
- Validate credit risk models to identify limitations and assess them against external regulations, internal policies, and standards.
- Perform challenger model development and sensitivity analysis to assess the adequacy of modeling or data assumptions.
- Document all analysis in a clear and concise manner.
- Manage validation projects and communicate progress and issues to stakeholders.
- Ensure that the management of models aligns with our model risk policy and undertake model risk assessments to identify potential risks.
- Provide expert advice on aspects of risk management, including providing senior executives with relevant MI and reports.
Requirements:
- Quantitative degree and experience of developing, reviewing, validating, and implementing analytical credit risk measurement tools.
- Sound understanding of IRB requirements and good Python skills.
- Knowledge of IFRS9 standards.
- Ability to communicate, both verbally and in writing, to senior colleagues.
- Excellent attention to detail.
What We Offer:
We offer a competitive salary and benefits package, as well as opportunities for professional development and growth. If you are a motivated and detail-oriented individual with a passion for risk management, we encourage you to apply for this exciting opportunity.
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