Senior Validation Lead

4 days ago


West Midlands Combined Authority, United Kingdom MERJE Full time
Job Description:

Salary: Up to £90,000

Job Overview:

MERJE is seeking a Senior Validation Lead to manage and direct a team of Senior Risk Analysts focused on technical model validation and verification activities.

Key Responsibilities:
  1. Line management of Senior Risk Analysts ensuring their ongoing performance meets expectations and supports professional development.
  2. Leading the technical review and challenge of incumbent and new models used across the business, ensuring they 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.
Requirements:

The ideal candidate will have demonstrable experience of advanced internal ratings-based (A-IRB) or Credit forecasting models, ideally in the residential mortgage sector.

They must possess a detailed technical knowledge of risk modelling and components, including LGD and PD.

An expert knowledge of regulatory standards and guidance relating to credit risk models is essential.



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