Model Risk Validation Officer
4 days ago
Our people work differently depending on their jobs and needs. From home working to job sharing, visit the remote and flexible working page on our website to find out more.
This role is based in the United Kingdom and as such all normal working days must be carried out in the United Kingdom.
Join us as a Model Risk Validation Officer
- This is an opportunity for a passionate and driven risk specialist to join us
- We’ll look to you to review and validate market risk (IMA) and counterparty credit risk (IMM) across legal entities
- It's an ideal role to gain detailed exposure to the developing world of model risk, as well as to a range of stakeholders and senior executives
**What you'll do**:
This role will see you undertaking validation of risk models and data analysis to make sure that data risks are adequately highlighted, as well as assessing the models’ compliance with regulations, internal policies and standards.
We’ll also look to you to perform sensitivity analysis to assess the adequacy of modelling or data assumptions, documenting all the analysis in a succinct and clear manner.
Your responsibilities will also include:
- Preparing checklists for various validation activities to make sure that appropriate controls are established and consistently followed
- Undertaking in-depth assessments of the models’ subcomponents, making sure models are fit for purpose for their designated use
- Making sure that model risk management aligns with our model risk policy, and undertaking model risk assessments to identify potential issues
- Providing expert advice on aspects of risk management, including providing senior executives with relevant MI and reports and escalating concerns
**The skills you'll need**:
You'll also have an awareness of risk model-related regulatory requirements and an in-depth understanding of risk modelling in traded market risk or counterparty credit risk. A knowledge of FRTB topics would be advantageous.
We’ll also expect:
- Knowledge of taking responsibility for your own model reviews
- Excellent communication skills to work with management and model stakeholders, including senior leaders, traders and quantitative analysts
- Programming experience in Python, C++ or R
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