Model Risk Validation Specialist

5 days ago


Edinburgh, Edinburgh, United Kingdom NatWest Full time
Job Overview

We are seeking a highly skilled Model Risk Validation Officer to join our team at NatWest.

  • This is an opportunity for a passionate and driven risk specialist to review and validate credit risk models.
  • The successful candidate will be responsible for identifying model limitations and assessing the models against external regulation, internal policies, and standards.
  • This role will provide detailed exposure to the developing world of model risk, as well as to a range of stakeholders and senior executives.

Key Responsibilities

The Model Risk Validation Officer will be responsible for:

  • Validating our credit models to identify model limitations and assess the models against external regulation, internal policies, and standards.
  • Performing challenger model development and sensitivity analysis to assess the adequacy of modelling or data assumptions, documenting all the analysis in a succinct and clear manner.
  • Managing validation projects and communicating progress and issues to stakeholders.
  • Making sure that the management of models aligns with our model risk policy, and undertaking model risk assessments to identify potential risks.
  • Providing expert advice on aspects of risk management, including providing senior executives with relevant MI and reports, escalating concerns where appropriate.

Requirements

We are looking for someone with a quantitative degree and experience of developing, reviewing, validating, and implementing analytical credit risk measurement tools.

The ideal candidate will have a sound understanding of IRB requirements and good Python skills.

We also expect:

  • Knowledge of IFRS9 standards.
  • The ability to communicate, both verbally and in writing, to senior colleagues.
  • Excellent attention to detail.


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