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- Tasks: Lead validation of credit risk models and engage with senior management.
- Company: Join a large, successful retail bank with offices across the UK.
- Benefits: Enjoy flexible working, mostly remote, with just one office day per month.
- Why this job: Be part of a high-caliber team shaping model validation and risk management.
- Qualifications: Experience in credit risk model validation or development is essential.
- Other info: Diverse applicants are encouraged; adjustments to the application process can be requested.
The predicted salary is between 72000 - 95000 £ per year.
Sorry, applications for this particular Job have now closed.
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Credit Risk Modeller / Validator – Boutique Consultancy
- Location: London
- Job type: Permanent
- Sector: Insurance
About the Company Join a forward-thinking, people-first organisation where collaboration, inclusi
My client is a large and successful retail bank with offices across the UK. They are looking to hire an credit risk model validation professional to join a small, high calibre team carrying out quantitative validation of the firms various credit risk models
The team is spread across the UK and firm offers truly flexible working with the opportunity to work remotely for up to for most of the time, with only 1 day per month required at one of the 4 UK offices.
Key Responsibilities
- Lead and perform independent validation of models across the Group, engaging with Analytics teams and Senior Management in the timely completion of model validations and reporting of identified findings and weaknesses of models.
- Develop and shape the overall approach to model validation and model risk management across the Group.
- Manage the prioritisation of models requiring validation according to model materiality, business use, complexity and other factors.
- Oversight of model risk activities across the Group and providing challenge on the appropriateness of models used within the business.
- Engaging with Senior Stakeholders (e.g. CROs, Finance Directors, Heads of Functions) on key model risk activities.
Requirements
- Significant prior experience of model validation and/or model development for credit risk, preferably in retail,.
- Practical understanding of model validation techniques particularly on retail credit risk, IFRS9, and IRB models.
- Knowledge of model risk management regulations and standards in the UK and EU.
Candidates will likely be working in the model validation or development team of a large retail bank, challenger, consumer finance firm or consultancy specialised within credit risk.
We seek individuals from a diverse talent pool and encourage applicants from underrepresented groups to apply to our vacancies. Our commitment to fair recruitment processes means that we welcome applicants from all backgrounds, regardless of their lived experience or personal characteristics. We also invite applicants who meet most of the listed requirements, even if not all, to apply. If you require any adjustments to the application process, please let us know.
Barclay Simpson acts as an Employment Agency for permanent positions and an Employment Business for temporary/contract engagements.
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Manager - Credit Risk Model Validation employer: Barclay Simpson
Contact Detail:
Barclay Simpson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager - Credit Risk Model Validation
✨Tip Number 1
Familiarise yourself with the latest model validation techniques specific to retail credit risk. This will not only enhance your understanding but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the banking and finance sector, especially those involved in model validation. Engaging with industry peers can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with IFRS9 and IRB models during interviews. Be ready to share specific examples of how you've applied these regulations in your previous roles.
✨Tip Number 4
Showcase your ability to engage with senior stakeholders by preparing examples of past interactions. Highlight how you effectively communicated complex model findings to non-technical audiences.
We think you need these skills to ace Manager - Credit Risk Model Validation
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in model validation and credit risk. Use specific examples that demonstrate your understanding of IFRS9 and IRB models, as well as any previous roles in retail banking or consultancy.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the key responsibilities mentioned in the job description, particularly your ability to engage with senior stakeholders and manage model risk activities.
Showcase Quantitative Skills: Since the role involves quantitative validation, be sure to mention any relevant quantitative skills or tools you are proficient in. This could include statistical software or programming languages that are commonly used in model validation.
Highlight Flexibility and Teamwork: Given the flexible working environment, emphasise your ability to work independently and collaboratively. Mention any experience you have in remote working or leading teams, as this will resonate well with the company's culture.
How to prepare for a job interview at Barclay Simpson
✨Showcase Your Technical Expertise
Be prepared to discuss your experience with model validation techniques, particularly in retail credit risk. Highlight specific models you've worked on and the methodologies you used to validate them.
✨Understand Regulatory Frameworks
Familiarise yourself with UK and EU model risk management regulations. Be ready to explain how these regulations impact model validation processes and how you've ensured compliance in your previous roles.
✨Engage with Stakeholders
Demonstrate your ability to communicate effectively with senior stakeholders. Prepare examples of how you've engaged with CROs or Finance Directors in past projects, focusing on how you presented findings and recommendations.
✨Prioritisation Skills
Discuss your approach to prioritising models for validation based on materiality and complexity. Share any frameworks or criteria you've developed to manage this process efficiently.
