Senior Validation Lead

4 days ago


West Midlands Combined Authority, United Kingdom MERJE Full time
Senior Model Validation Manager

Up to £90K + great benefits

Once a week in the Midlands office

The overall purpose of the role is to manage and direct a team of Senior Risk Analysts focused on technical model validation and verification activities to support effective model risk management.

  1. Line management of Senior Risk Analysts ensuring their ongoing performance is in line with expectations and professional development.
  2. Leading the technical review and challenge of incumbent and new models used across the business, ensuring the models operate within agreed performance and governance standards.
  3. Supporting broader model risk management initiatives including calibration of risk appetite and ongoing development of appropriate model risk standards.
  4. Ownership of Model Validation Procedures and associated policies.
  5. Coordination of Retail Credit Model Committees and Financial Model Committees, ensuring appropriate content and record keeping.
  6. Supporting wider Financial and Model Risk team initiatives, including participating in thematic reviews.
Key Requirements:

It is essential you have demonstrable experience of advanced internal ratings-based (A-IRB) or Credit forecasting models, ideally in the residential mortgage sector. The role holder is required to have a detailed technical knowledge of risk modelling and components, including LGD and PD.

You will have an expert knowledge of regulatory standards and guidance relating to credit risk models. You will understand the regulatory framework and expectations relating to model risk management, ideally with experience of developing and reviewing relevant artefacts.



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