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- Tasks: Manage and oversee the validation of internal models in a dynamic environment.
- Company: Join a leading firm in the insurance market, known for innovation and excellence.
- Benefits: Enjoy flexible working options and a range of corporate perks.
- Why this job: Be at the forefront of model risk management, influencing key decisions and strategies.
- Qualifications: Ideal for those with a background in finance, risk management, or data analysis.
- Other info: Opportunity to work with cutting-edge AI applications and collaborate with industry experts.
The predicted salary is between 43200 - 72000 £ per year.
The core focus of this role is overseeing the validation of internal models across both the Lloyd’s and company markets. While most of the validation work is outsourced, you’ll be responsible for managing the validation plan, coordinating governance, and leading presentations and discussions with the external validator.
You\’ll also provide oversight across a wider range of models — including pricing, reserving, and emerging AI-based applications — ensuring strong governance and risk frameworks are in place throughout.
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Model Risk Manager employer: Arthur
Contact Detail:
Arthur Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Model Risk Manager
✨Tip Number 1
Familiarise yourself with the latest trends in model validation, especially in the Lloyd's and company markets. Understanding the specific challenges and regulations in these areas will help you stand out during discussions and interviews.
✨Tip Number 2
Network with professionals in the field of model risk management. Attend industry conferences or webinars to connect with others who have experience in model validation and governance, as they can provide valuable insights and potentially refer you to opportunities.
✨Tip Number 3
Prepare to discuss your experience with various models, particularly in pricing and reserving. Be ready to share examples of how you've managed validation plans or coordinated governance in previous roles, as this will demonstrate your capability for the position.
✨Tip Number 4
Stay updated on emerging AI-based applications in risk management. Showing that you are knowledgeable about innovative technologies and their implications for model validation will make you a more attractive candidate for this role.
We think you need these skills to ace Model Risk Manager
Some tips for your application 🫡
Understand the Role: Take time to thoroughly understand the responsibilities of a Model Risk Manager. Familiarise yourself with model validation processes, governance frameworks, and the specific models mentioned in the job description.
Tailor Your CV: Highlight relevant experience in model validation, risk management, and any leadership roles you've held. Make sure to include specific examples that demonstrate your ability to manage validation plans and coordinate governance.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and how your skills align with the company's needs. Mention your experience with external validators and your understanding of AI-based applications in risk management.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for a role in risk management.
How to prepare for a job interview at Arthur
✨Understand Model Validation Processes
Familiarise yourself with the model validation processes specific to the Lloyd's and company markets. Be prepared to discuss how you would manage the validation plan and ensure compliance with governance standards.
✨Showcase Your Leadership Skills
Since you'll be leading presentations and discussions with external validators, highlight your leadership experience. Share examples of how you've successfully coordinated teams or managed projects in the past.
✨Demonstrate Knowledge of Risk Frameworks
Be ready to talk about risk frameworks and governance structures you've worked with. Discuss how you would apply these frameworks to oversee a range of models, including pricing and reserving.
✨Stay Updated on AI Applications
Given the role involves emerging AI-based applications, make sure you're up-to-date with the latest trends in AI within the finance sector. Prepare to discuss how you would approach the validation of these innovative models.
