Risk Validation Specialist

1 month ago


Birmingham, Birmingham, United Kingdom Pick for Britain Full time

As a Risk Validation Specialist at NatWest Group, you will play a crucial role in reviewing and validating our credit risk models to ensure they meet regulatory requirements and internal policies.

Key Responsibilities:

  • Validate credit models to identify limitations and assess them against external regulation, internal policies, and standards.
  • Develop and perform challenger model development and sensitivity analysis to assess the adequacy of modelling or data assumptions.
  • Manage validation projects, communicate progress and issues to stakeholders, and ensure model risk assessments align with our model risk policy.
  • Provide expert advice on risk management, including providing senior executives with relevant MI and reports, and escalating concerns where appropriate.

Requirements:

  • Quantitative degree and experience in developing, reviewing, validating, and implementing analytical credit risk measurement tools.
  • Sound understanding of IRB requirements and good Python skills.
  • Knowledge of IFRS9 standards and ability to communicate effectively with senior colleagues.

What You'll Gain:

This role offers a unique opportunity to gain detailed exposure to the developing world of model risk, as well as to a range of stakeholders and senior executives.

You will have the chance to develop your skills in risk validation, model development, and communication, and contribute to the development of our credit risk models.



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