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- Tasks: Support a major Model Risk Management programme and enhance model ownership capabilities.
- Company: A leading Tier 1 UK bank with a strong focus on regulatory compliance.
- Benefits: Attractive salary, comprehensive benefits, and opportunities for professional growth.
- Other info: Be part of a dynamic team driving significant change in the banking sector.
- Why this job: Join a critical initiative that shapes the future of banking risk management.
- Qualifications: Experience in model risk analysis and strong analytical skills required.
The predicted salary is between 48000 - 72000 £ per year.
A Tier 1 UK bank is mobilising a major Model Risk Management (MRM) remediation programme in response to PRA Supervisory Statement SS1/23. The programme addresses regulatory findings, Board Risk Appetite-critical models, and a bank-wide uplift in 1st line model ownership capability.
We are seeking an experienced Senior Model Risk Business Analyst / SME to support this programme as part of a team.
Senior Model Risk Business Analyst / SME - Banking in London employer: Essential Consulting
Contact Detail:
Essential Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Model Risk Business Analyst / SME - Banking in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking sector, especially those involved in model risk management. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of regulatory frameworks and model risk management practices. We want you to shine when discussing how you can contribute to the bank's MRM remediation programme.
✨Tip Number 3
Showcase your expertise! During interviews, share specific examples of how you've tackled model risk issues in the past. This will demonstrate your value as a Senior Model Risk Business Analyst.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Senior Model Risk Business Analyst / SME - Banking in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your experience in model risk management and business analysis. We want to see how your skills align with the requirements of the role, so don’t be shy about showcasing relevant projects!
Read the Job Description Carefully: Before you hit that apply button, take a moment to read through the job description thoroughly. We’re looking for specific skills and experiences, so ensure your application reflects that you understand what we need.
Showcase Your Achievements: When writing your application, don’t just list your responsibilities. We want to know about your achievements! Use quantifiable results where possible to demonstrate your impact 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’s super easy!
How to prepare for a job interview at Essential Consulting
✨Know Your Models Inside Out
Make sure you have a solid understanding of model risk management principles and the specific models used in banking. Brush up on regulatory frameworks, especially PRA Supervisory Statement SS1/23, as this will likely come up during your interview.
✨Showcase Your Analytical Skills
Prepare to discuss your previous experience with model validation and risk assessment. Be ready to provide examples of how you've identified and mitigated risks in past roles, as this will demonstrate your expertise and problem-solving abilities.
✨Understand the Bank's Culture
Research the Tier 1 UK bank’s values and culture. Tailor your responses to reflect how your personal values align with theirs, and be prepared to discuss how you can contribute to their model ownership capability uplift.
✨Ask Insightful Questions
Prepare thoughtful questions about the MRM remediation programme and the team dynamics. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.