Model Oversight Analyst
6 days ago
MODEL OVERSIGHT ANALYST
UP TO £38,000
BIRMINGHAM (HYBRID)
This business is seeking a Model Oversight Analyst to support in managing model risk, with a focus on ensuring model governance aligns with Model Risk Policy, and standards, with particular focus on IRB models.
THE COMPANY
This is an award-winning UK bank, focusing on growth, and are a part of FTSE 250.
THE ROLE
You will be doing the following daily:
- Coordination and organisation of the Model Review Group (MRG).
- Assisting with the IRB self-assessment process, including reviewing responses and managing resulting actions.
- Maintaining and enhancing the IRB self-assessment tool to support its ongoing development.
- Interpreting regulations to inform the IRB self-assessment process.
- Overseeing the upkeep and refinement of model risk management (MRM) policies and standards.
- Updating MRM policies and standards to align with industry best practices and evolving regulatory requirements.
- Supporting the IRB Programme through drafting relevant documentation and preparing PRA presentation materials.
- Facilitating the integration of PRA SS1/23 MRM framework principles and managing stakeholder engagement around these principles.
- Communicating with and representing the team in internal governance forums and broader business contexts.
- Providing support to Internal Audit, including action reconciliation and collaboration on audit planning.
- Acting as an advisor on MRM matters for CRCU and other business areas.
- Assisting the Model Oversight Manager as needed.
YOUR SKILLS AND EXPERIENCE
- Strong knowledge of IRB and MRM regulations.
- A strong understanding of credit risk customer journeys.
- Excellent verbal and written communication skills.
- Strong analytical and problem-solving skills.
- Strong Excel and VBA skills.
- Technical proficiency to create engaging content within Microsoft PowerPoint.
THE BENEFITS
- Up to £38,000.
- 25 days holiday, increasing up to 30.
- Profit related pay.
- Up to 10% pension contributions.
- Enhanced maternity/paternity leave.
- Employee discounts.
- Volunteering day.
- Life Assurance and Personal Accident.
HOW TO APPLY
Please register your interest by sending your CV to Gaby Adamis via the Apply link on this page.
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