Senior Manager - Model Risk Management and Validation in Bolton

We have an exciting new opening within the Financial and Model Risk (FaM) Function for a Senior Manager - Model Risk Management and Validation. The individual will report into the Group Head of Model Risk Management and Validation. FaM are a trusted advisor and critical friend to the 1st line of defence. Our key purpose is to enable the business to make effective risk-based judgements, think through the prudential regulatory framework and underpinned by robust controls and governance.

The Senior Manager - Model Risk Management and Validation will be in charge of the organisation's model risk appetite process, refining Board-level metrics and Key Risk Indicators. They will be responsible for key elements of the Group Model Risk Committee, including overseeing the regular production of accurate risk reporting and management information, plus supporting sub-forums.

The individual will also be responsible for the oversight and management of the Group's Model Inventory and will lead the ongoing education and training of relevant staff regarding Model Risk expectations and requirements. They will be responsible for the development and maintenance of the Model Risk Framework, Policy, Control Standards and supporting Group-wide artefacts such as the Model Validation Procedures.

In addition, the role holder will oversee support of some critical models (e.g. IFRS9, AIRB Secured), ensuring alignment with internal standards and regulatory expectations. Acting as a key voice across the Group, they promote model risk awareness and present to senior committees, while ensuring the Model Risk Framework remains robust and proportionate to the organisation's complexity.

Our benefits include:

• 28 days holiday a year plus bank holidays and a holiday buy/sell scheme
• Annual discretionary bonus scheme
• Personal pension with matched contributions
• Life Assurance - 6 times your base salary
• Private Medical Insurance
• Health Screening - Eligible

Location: We operate on a team led hybrid approach across the Coventry and/or Manchester office. Working 9 - 5 Mon to Fri but flexible and as the job demands.

To be successful in this role it's essential you have:

• Proven experience of successfully leading model risk management initiative and developing and embedding an effective model risk management framework.
• A proven history of successful engagement with senior management, and developing strong trusted advisor, critical friend relationships with the business.
• Expert level technical knowledge of a key relevant modelling sets used in the Group, gained through a previous development or validation role. Relevant model sets include: Advanced IRB models (e.g. secured retail) is a must, IFRS9, Credit Forecasting models.

Desirable experience will be:

• Ideally you will have previously worked at major retail Banks or Building Societies in the past.

We understand the need for flexibility, so wherever possible, we’ll consider alternative working patterns. Have a chat with us before you apply to see what the possibilities are for this role.

Proud to be a Disability Confident Committed Employer. We’re proud to offer an interview or assessment to every disabled applicant who meets the minimum criteria for our vacancies. As part of the application process, disabled applicants can opt in for the Disability Confident Interview Scheme.