Senior Model Risk Management Specialist

3 weeks ago


London, Greater London, United Kingdom Aldermore Bank PLC Full time
Aldermore Bank PLC - Model Validation Manager

We are seeking a skilled Model Validation Manager to join our team, focusing on delivering high-quality model risk management solutions across the Group.

About the Role:

  • Support the Head of Model Validation in prioritizing and scheduling validation activities to ensure all models remain fit for purpose.
  • Manage independent reviews across the model lifecycle, including new developments, model changes, periodic validations, and ongoing monitoring.
  • Lead re-performance independent validation for material models, including partial or complete recoding, development, or building of challenger models.
  • Document validation findings, provide insight, and make recommendations for improvements.
  • Present independent reviews to the Model Governance Committee or Model Technical Forum.
  • Carry out model risk management tasks with a view to auditability of model assurance.

About You:

  • Experience in modelling and/or validation for corporate, retail, wholesale banking portfolios with a financial services organization, consulting firm, or analytic solutions provider.
  • Ability to utilize experience and knowledge to make sound model judgments, taking into account model performance, regulation, and wider considerations.
  • Hands-on experience in technical model development and implementation, model validation, and/or model oversight in areas such as credit risk, PD/LGD/EAD estimations, IFRS9, operational risk, asset & liability management, Economic Capital, stress testing, sensitivities, and time series modelling.
  • Knowledge of relevant risk topics, including relevant regulations from PRA and ECB.
  • Proficiency in SAS and Excel, with knowledge of other standard analytics software desirable.

About Us:

We are a friendly and flexible organization with a growing culture that values respect, diversity, and compassion. We welcome people regardless of age, disability, gender identity, marital status, race, faith or belief, sexual orientation, socioeconomic background, and whether you're pregnant or on family leave.

Please note that we have a thorough referencing process, which includes criminal record checks.



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