Risk Model Governance Specialist

6 days ago


Manchester, United Kingdom Co-operative Bank plc Full time

Improve your career by helping Co-operative Bank plc drive its ambitions to lead the industry on environmental and social issues.

The role:

Ensure the Bank's IRB models are compliant with Model Risk internal governance requirements and that all new models and model changes are independently reviewed as Senior Analyst. The successful candidate will have a minimum of basic SAS programming and coding abilities with a desire to develop under a strong experienced Model Validation team.

Key Responsibilities:

  • Analyse and discuss monitoring and other reports to support decision-making regarding model risks across the Bank.
  • Advise the Bank's model users on model risk related issues.
  • Support the independent model validation manager in the production of key documents for relevant committees across the Bank and escalating unresolved model risks via the Bank's governance framework.

Knowledge, Skills and Experience Required:

  1. Proficient in the use of SAS statistical software. Knowledge of complex Excel functions in addition would be an advantage.
  2. Statistical modelling and model monitoring experience.
  3. Experience of developing or validating retail or corporate credit risk models required.
  4. Experience of IFRS9 modelling, or models used for Concentration Risk/Operational Risk/Finance/Liquidity Management is an advantage.
  5. Aware of Regulatory Framework and Requirements for models.

What You Can Expect From Us:

  • Flexible and home working.
  • Annual bonus scheme.
  • 27 days holiday rising to 30 with service, plus opportunity to buy 5 extra days.
  • Competitive pension with up to 10% employer contribution.
  • Income protection / life assurance.
  • Wellbeing support offers mental health support, physiotherapy, GP's for both you and your family.
  • 2 paid days for volunteering per year.
  • Corporate discount for retailers and Cycle to Work Scheme.
  • Family friendly policies and supportive working environment.
  • Colleague network groups committed to inclusion and diversity.


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