Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead and validate credit risk models while collaborating with analytics teams.
- Company: Join a leading retail bank known for its flexible working culture.
- Benefits: Enjoy remote work options, competitive salary, and professional development opportunities.
- Why this job: Make a real impact in model validation and risk management in a dynamic environment.
- Qualifications: Experience in credit risk model validation and strong analytical skills.
- Other info: Diverse and inclusive workplace encouraging applicants from all backgrounds.
The predicted salary is between 48000 - 72000 £ per year.
My client is a large and successful retail bank with offices across the UK. They are looking to hire a credit risk model validation professional to join a small, high calibre team carrying out quantitative validation of the firm's various credit risk models. The team is spread across the UK and the firm offers truly flexible working with the opportunity to work remotely 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.
Lead Credit Risk Model Validation — Remote in City of London employer: Barclay Simpson
Contact Detail:
Barclay Simpson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lead Credit Risk Model Validation — Remote in City of London
✨Tip Number 1
Network like a pro! Reach out to people in your industry on LinkedIn or at events. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. We want you to show them you’re not just a fit for the role, but for the team too!
✨Tip Number 3
Practice common interview questions with a mate or in front of the mirror. The more comfortable you are, the better you’ll come across when it counts.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing familiar faces!
We think you need these skills to ace Lead Credit Risk Model Validation — Remote in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role you're applying for. Highlight your experience in model validation and credit risk, as these are key areas for us. Use specific examples that showcase your skills and achievements.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about credit risk model validation and how your background makes you a great fit for our team. Keep it concise but impactful!
Showcase Relevant Skills: Don’t forget to highlight your technical skills, especially in Python and model validation techniques. We love seeing candidates who can demonstrate their analytical prowess and understanding of regulations like IFRS9 and IRB models.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any updates from us!
How to prepare for a job interview at Barclay Simpson
✨Know Your Models Inside Out
Make sure you have a solid understanding of the credit risk models you'll be discussing. Brush up on validation techniques, IFRS9, and IRB models. Being able to explain these concepts clearly will show your expertise and confidence.
✨Engage with Stakeholders
Prepare to discuss how you would engage with senior stakeholders like CROs and Finance Directors. Think about examples from your past experience where you've successfully communicated complex model risks or findings to non-technical audiences.
✨Stay Updated on Regulations
Familiarise yourself with the latest model risk management regulations in the UK and EU. Being knowledgeable about current standards will demonstrate your commitment to compliance and your proactive approach to model validation.
✨Showcase Your Team Spirit
Since this role involves collaboration within a small team, be ready to share examples of how you've worked effectively in teams before. Highlight your ability to contribute to a positive team culture while also managing independent tasks.
