At a Glance
- Tasks: Lead model risk validation and oversight for credit risk models in a dynamic banking environment.
- Company: Established UK banking group focused on robust risk management.
- Benefits: Competitive salary, career growth, and the chance to influence key business decisions.
- Other info: Engage with senior stakeholders and shape the future of model risk capabilities.
- Why this job: Make a real impact on model governance and support sustainable business growth.
- Qualifications: Experience in model risk management and strong analytical skills required.
The predicted salary is between 63000 - 77000 £ per year.
An established UK banking group is looking for a Senior Manager to strengthen its Model Risk function, providing independent oversight of models used to support lending decisions, credit risk management and financial reporting.
This is an opportunity to take ownership of key elements of the Model Risk Framework, challenge model development and performance, and help ensure models remain robust, appropriate and fit for purpose as the business evolves.
Working closely with Credit Risk, Finance, Data Science and senior stakeholders, you’ll play an important role in maintaining effective model governance while supporting responsible lending and sustainable business growth.
- What you’ll be doing
- Leading independent validation and oversight of credit risk models across consumer and business lending portfolios.
- Challenging model design, assumptions, methodology, performance and ongoing monitoring.
- Overseeing models used for credit decisioning, probability of default (PD), loss given default (LGD), exposure at default (EAD) and IFRS 9 expected credit loss.
- Maintaining and enhancing model governance, policies, validation standards and risk reporting.
- Identifying model limitations, emerging risks and areas for improvement, making clear and actionable recommendations.
- Working with first-line model owners to ensure findings are addressed and appropriate controls are maintained.
- Presenting model risk insights and recommendations to senior management and relevant governance committees.
- Supporting regulatory expectations and the continued development of the bank’s model risk capabilities.
About you
We’re looking for an experienced model risk professional with a strong understanding of credit modelling and the ability to combine technical challenge with sound commercial judgement.
- You’ll ideally bring
- Experience in Model Risk Management, independent model validation or credit model oversight within banking or financial services.
- Strong knowledge of credit risk models, ideally covering PD, LGD, EAD and IFRS 9.
- Exposure to consumer lending, SME lending or a combination of both.
- A track record of challenging model assumptions, assessing performance and communicating validation findings effectively.
- Experience developing or embedding model governance frameworks, policies and controls.
- Confidence engaging with senior stakeholders and influencing model owners to deliver improvements.
- Strong analytical, problem-solving and written communication skills.
Why consider this opportunity?
You’ll join a well-established banking business where you can make a tangible contribution to the strength of its risk management, influence senior stakeholders and help shape the ongoing development of its Model Risk function.
It’s an opportunity for someone who enjoys getting into the technical detail, asking the right questions and translating complex model risk issues into practical outcomes.
Head of Model Risk in England employer: Broadgate
Join a leading global insurance group that prioritises innovation and excellence in technology risk management. With a strong commitment to employee development, you will have access to unparalleled growth opportunities and a collaborative work culture that values your insights and expertise. Located at the heart of a complex, multi-jurisdictional business, this role offers a unique chance to influence strategic decisions at the highest level while working alongside industry leaders in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Model Risk in England
✨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. 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 Model Risk in England
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.
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'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
✨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.
✨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 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 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.
