Risk Validation Specialist

6 days ago


Edinburgh, Edinburgh, United Kingdom NatWest Full time

About the Role

We are seeking a highly skilled Risk Validation Specialist to join our team at NatWest. As a Model Risk Validation Officer, you will play a critical role in ensuring the accuracy and reliability of our credit risk models.

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, documenting 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 management information and reports, escalating concerns where appropriate.

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.


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