At a Glance
- Tasks: Lead validation of credit risk models and enhance governance for responsible lending.
- Company: Join a leading bank shaping sustainable growth through innovative risk management.
- Benefits: Competitive salary, professional development, and opportunities to influence key decisions.
- Other info: Dynamic role with opportunities for career advancement in a cross-functional environment.
- Why this job: Make a real impact on lending practices while collaborating with senior stakeholders.
- Qualifications: Experience in model risk management and strong analytical skills required.
The predicted salary is between 54000 - 66000 £ per year.
Overview
In this role, you oversee independent validation and oversight of credit risk models across consumer and SME lending.
You will challenge model design, assumptions, and performance while supporting robust governance and risk reporting.
You collaborate with first-line model owners and senior stakeholders to drive improvements and ensure controls are maintained.
This is a chance to shape the bank’s model risk framework and contribute to responsible lending and sustainable growth.
You will work in a cross-functional environment to translate complex model risk issues into practical, actionable outcomes.
Responsibilities
- Lead independent validation and oversight of credit risk models across lending portfolios
- Challenge model design, methodology, and ongoing performance
- Oversee models for credit decisioning, PD, LGD, EAD and IFRS 9 expected credit losses
- Maintain and enhance model governance, policies, validation standards, and risk reporting
- Identify model limitations and risks, delivering clear, actionable recommendations
- Collaborate with first-line model owners to ensure findings are addressed and controls maintained
- Present risk insights and recommendations to senior management and governance committees
- Support regulatory expectations and development of the bank’s model risk capabilities
- Key requirements
- Experience in Model Risk Management, independent model validation or credit model oversight in banking or financial services
- Strong knowledge of credit risk models including PD, LGD, EAD and IFRS 9
- Exposure to consumer and/or SME lending
- Proven track record in challenging model assumptions, assessing performance, and communicating findings
- Experience developing or embedding model governance frameworks, policies and controls
- Confidence engaging with senior stakeholders and influencing model owners
- Strong analytical, problem-solving and written communication skills
- strong communication
- commercial judgement
- influencing and stakeholder engagement
- credit risk modeling
- PD, LGD, EAD
- IFRS 9
Head of Risk Models in London employer: Broadgate Search
As a leading financial technology and information services business, we pride ourselves on fostering a dynamic work culture that encourages innovation and collaboration. Our employees benefit from comprehensive professional development opportunities, competitive compensation packages, and the chance to work with top-tier clients in the financial services sector. Located in a vibrant area, we offer a stimulating environment where your contributions directly impact our growth and success.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Risk Models in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Broadgate Search. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Head of Risk Models in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Broadgate Search.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Broadgate Search's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Broadgate Search
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Broadgate Search.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Broadgate Search will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Broadgate Search employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
