Risk Model Specialist

2 weeks ago


Birmingham, Birmingham, United Kingdom NatWest Group Full time
Job Title: Model Risk Officer

We are seeking a highly skilled Model Risk Officer to join our team at NatWest Group. As a key member of our risk management team, you will play a critical role in ensuring the bank's models are managed within policy and appetite.

Key Responsibilities:
  • Validate and review models used within the group to ensure they are managed within policy and appetite.
  • Support the delivery of bank-wide policy and mandatory procedures for the governance and control of model risk.
  • Work closely with senior team members to deliver outcomes consistent with industry-leading practices.
  • Develop and maintain proportionate mandatory procedures for model validation activity.
  • Gain great exposure for you and your work, with the opportunity to develop key relationships with colleagues across the business.
Requirements:
  • Significant experience of model validation or model development of credit risk models such as IRB, IFRS9, Stress Testing, and Scorecards.
  • Strong understanding of the financial industry, more specifically, model-related regulatory requirements.
  • Prior project management experience with a demonstrated ability to establish a clear direction and set and track objectives.
  • Problem-solving, analytical skills, developing effective relationships, and ability to communicate with and influence senior management.
  • Extensive model development or validation experience.
  • Ability to code in Python or a proven record of coding in other languages.
  • Knowledge of key model risk regulation relevant for credit models, such as SS1/23 and CRR.
  • Financial acumen and the ability to understand model risk in the context of the bank's assets, business lines, platforms, regions, markets, regulations, and stakeholders.
  • Expert knowledge of policy management and control processes across multiple lines of business.
  • Experience writing and proof-reading papers of sufficient quality to be submitted to regulators and auditors.

We are looking for someone with a strong track record of delivering high-quality results in a fast-paced environment. If you have a passion for risk management and a desire to work with a leading financial institution, we encourage you to apply for this exciting opportunity.



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