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- Tasks: Validate and manage model risks in a leading wealth management bank.
- Company: Join a top-tier retail bank with a focus on innovation and growth.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional development.
- Why this job: Make a real impact on model governance and risk management in finance.
- Qualifications: Experience in model validation or development, especially in credit risk.
- Other info: Collaborate with senior stakeholders in a dynamic London-based team.
The predicted salary is between 43200 - 72000 £ per year.
This range is provided by Barclay Simpson. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
My client is a leading wealth manager and retail bank with a growing UK focused business. The Model Risk Management (MRM) team are responsible for the design and maintenance of the Bank’s Model Risk Management policy and framework, ensuring comprehensive model governance and carrying out model validations and reviews across all the Bank’s models. The team is based in London and works on a hybrid basis with 3 days in the office.
Key Responsibilities- Perform independent validation of models of a wide range of models in the group inventory, including stochastic models (IRB and non-IRB) and non-models (also known as deterministic quantitative methods/DQM’s), engaging with Analytics teams and Senior Management in the timely completion of model validations and reporting of identified findings and weaknesses of models.
- Support and shape the Model Risk Management Framework, including model identification process, attestation, validation, and monitoring. This also includes identifying further areas of non-compliance to SS1/23.
- Identify and assess key model risks ensuring model risks with the Bank are effectively identified, measured, monitored and controlled, consistent with the Bank’s risk appetite statement and all policies and processes.
- Manage the prioritisation of models requiring validation according to model materiality, business use, complexity and other factors.
- Support the 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.
- Significant prior experience of model validation and/or model development for credit risk, preferably in retail, corporate/wholesale also potentially relevant.
- 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 risk or development team of a large retail bank, challenger, consumer finance firm or consultancy specialised within credit risk.
Employment type Full-time
Job function Finance
Industries Banking
Location London, England, United Kingdom
Manager - Model Validation in England employer: Barclay Simpson
Contact Detail:
Barclay Simpson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager - Model Validation in England
✨Tip Number 1
Network like a pro! Reach out to folks in the banking and finance sector, especially those in model validation. A casual chat can lead to opportunities you might not find on job boards.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of model validation techniques and regulations. Be ready to discuss your experience with credit risk models and how you've tackled challenges in the past.
✨Tip Number 3
Showcase your skills through real-world examples. When discussing your previous roles, highlight specific projects where you successfully validated models or improved processes. This will make you stand out!
✨Tip Number 4
Don't forget to apply through our website! It’s a great way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Manager - Model Validation in England
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Manager - Model Validation. Highlight your experience in model validation and any relevant skills that match the job description. We want to see how your background fits with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about model risk management and how your experience aligns with our needs. Keep it engaging and personal, so we can get a sense of who you are.
Showcase Relevant Experience: When detailing your work history, focus on your significant prior experience in model validation or development, especially in credit risk. We love seeing concrete examples of how you've tackled challenges in previous roles.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it makes the process smoother for everyone involved!
How to prepare for a job interview at Barclay Simpson
✨Know Your Models Inside Out
Make sure you have a solid understanding of the models you'll be validating. Brush up on stochastic models, IFRS9, and IRB models. Being able to discuss these in detail will show your expertise and confidence.
✨Engage with Stakeholders
Prepare to discuss how you've engaged with senior stakeholders in the past. Think of examples where you’ve communicated model risks effectively. This will demonstrate your ability to collaborate and influence at a high level.
✨Understand Regulatory Standards
Familiarise yourself with model risk management regulations in the UK and EU. Be ready to discuss how these standards impact model validation processes. Showing that you’re up-to-date with compliance will set you apart.
✨Prioritisation is Key
Think about how you would prioritise models for validation based on materiality and complexity. Be prepared to share your thought process on this during the interview, as it’s crucial for managing model risk effectively.
