Manager - Alexander Mann Solutions (Contingent)

Our client, a major UK retail bank, provides everyday banking services to over 17 million retail customers. The bank's expertise and services span across Business Services, Corporate Banking, Wealth Management, Group Functions, Retail and Investment Banking.

On behalf of this organisation, AMS are looking for an IRB Model Validation Manager - Wholesale / Retail Banking on a 6 Month Day Rate Contract based in London. Please note this is a hybrid working model.

Purpose of the Role: Support the firm-wide policy covering the governance and control of Model Risk, developing, maintaining and promoting the risk appetite setting for Model Risk while monitoring and assessing the aggregate level and if it fits within the organisation's Model Risk appetite.

In this key role, you will support the bank-wide policy covering the governance and control of model risk, developing, maintaining and promoting the risk appetite setting for model risk. You will implement and maintain appropriate and proportionate mandatory procedures that define the governance of models.

Responsibilities of the role:

• Maintain and control an aggregated bank-wide model inventory and associated model risk assessments.
• Support the delivery of bank-wide policy and mandatory procedures for the governance and control of model risk, including related documents required by the policy framework team.
• Support the model risk control environment and governance process through effective tracking and proactive escalation of Orbit issues, and compliance with the operational risk framework, including RCA.
• Work with the team to design and roll-out a bank-wide risk appetite approved by the bank's executive and cascaded to businesses, functions and legal entities.
• Assist all areas in having appropriate governance and minimum standards in place to enable each area to report and manage their model risk and remain within their executive's risk appetite.
• Work across all asset classes to effectively and proactively support model risk with the management and remediation of its internal and external audit issues.

What we require from the candidate:

• Significant experience of model review or model development of relevant risk models.
• A strong understanding of the financial industry, more specifically, model-related regulatory requirements.
• Prior project management experience with a demonstrated ability to establish a clear direction, and set and track objectives.
• Problem solving and analytical skills and the ability to communicate with and influence senior management, and develop effective relationships with a range of internal and external stakeholders.
• Financial acumen, and the ability to grasp the different model risk indicators tied to the bank's assets, business lines, platforms, regions, markets, regulations and stakeholders.
• Expert knowledge of policy management and control processes across multiple lines of business.
• Experience writing and proof-reading papers of sufficient quality to be submitted to regulators and auditors.
• The ability to work closely with senior team members to deliver outcomes consistent with industry leading practices.

Next steps: This client will only accept workers operating via an Umbrella or PAYE engagement model. If you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and we will contact you with an update in due course.