Risk Specialist
6 days ago
Risk Oversight & Challenge, Control, Assurance
This role is ideal for a passionate and driven risk specialist who is looking to gain detailed exposure to the developing world of model risk, as well as to a range of stakeholders and senior executives.
Key Responsibilities:
- Validate credit risk models to identify model limitations and assess the models against external regulation, internal policies, and standards.
- Perform 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.
- Manage validation projects and communicate progress and issues to stakeholders.
- Provide expert advice on aspects of risk management, including providing senior executives with relevant MI 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.
About NatWest Group:
NatWest Group is a leading financial services provider, and this role is based in the United Kingdom. As a Model Risk Validation Officer, you will be working closely with senior executives and stakeholders to ensure that our credit models are robust and compliant with regulatory requirements.
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