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- Tasks: Conduct independent model validation reviews for mortgage and credit-related models.
- Company: Join Leeds Building Society, a trusted institution since 1875, dedicated to home ownership.
- Benefits: Enjoy hybrid working, annual bonuses, generous holiday, and pension contributions.
- Why this job: Make a real impact in a purpose-driven culture focused on accessibility and community support.
- Qualifications: Experience with Python, SAS, SQL, and knowledge of credit risk models required.
- Other info: We value diversity and offer a supportive environment for personal and professional growth.
The predicted salary is between 36000 - 60000 £ per year.
Model Validation Specialist
Leeds Building Society, Leeds, United Kingdom
How you\’ll help us live our purpose
We\’ve been helping our members save for their future and buy a home of their own since 1875. By joining us, you\’ll play a big role in helping us put home ownership within reach of more people, generation after generation.
It\’s a purpose that drives everything we do and one we\’re proud of. Join our dedicated Risk team as our Model Validation Specialist.
How you\’ll make a difference
You will perform independent model validation reviews and oversight of the Society\’s residential mortgage IRB and other credit-related models to ensure they are conceptually sound, appropriately implemented, and compliant with internal policies and external regulations. The role will also support the independent validation of other financial models as required.
What will you bring to the role?
- Knowledge and experience of using Python, SAS, and other programming languages e.g., SQL.
- Highly numerate with proven experience of credit risk / IRB model development or validation within a financial institution.
- A good understanding of residential mortgage portfolios, risk drivers, and lifecycle credit risk behaviour.
- Experience with model performance metrics, validation techniques, and model risk management regulatory requirements.
- Excellent analytical skills and a strong attention to detail.
- Excellent written and verbal communication skills to convey complex issues to non-technical stakeholders.
- High levels of independence, integrity, and professional judgment.
- Self-motivated with good planning and organizational skills.
Benefits include:
- Annual colleague bonus of up to 12%
- Hybrid working with 60% of your time at home
- Matched pension contributions of up to 10%
- 26 days holiday, plus bank holidays and holiday purchase scheme of up to 5 days
- Colleague Mortgage and Saver products
- Electric vehicle scheme / Cycle to Work scheme
- 2 days\’ volunteering per year
We offer a supportive environment to learn, develop, and build a meaningful career.
Why choose Leeds Building Society?
Our business is centered around our people. We are proud of our Inclusive Employers Gold accreditation (2023) and our commitment to equal opportunities. We foster a purpose-driven culture, recognized by the Leading with Purpose award (2023 Business Culture Awards), emphasizing our dedication to making home ownership accessible.
Why wait? Apply now
We encourage you to apply promptly as the role may close early. Leeds Building Society is committed to diversity and inclusion. If you need support or adjustments to apply, contact us at careers@leedsbuildingsociety.co.uk.
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Model Validation Specialist | Leeds, UK employer: Leeds Building Society
Contact Detail:
Leeds Building Society Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Model Validation Specialist | Leeds, UK
✨Tip Number 1
Familiarise yourself with the specific model validation techniques used in the financial sector. Understanding the nuances of IRB models and credit risk management will give you an edge during interviews.
✨Tip Number 2
Brush up on your programming skills, especially in Python and SQL. Being able to demonstrate your technical proficiency in these languages can set you apart from other candidates.
✨Tip Number 3
Prepare to discuss your experience with model performance metrics and validation techniques. Be ready to provide examples of how you've applied these in previous roles to showcase your analytical skills.
✨Tip Number 4
Research Leeds Building Society's values and recent initiatives. Showing that you align with their purpose-driven culture and commitment to inclusivity can make a positive impression during your interview.
We think you need these skills to ace Model Validation Specialist | Leeds, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in model validation, credit risk, and programming languages like Python and SQL. Use specific examples to demonstrate your analytical skills and attention to detail.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the role of Model Validation Specialist. Emphasise your understanding of residential mortgage portfolios and your ability to communicate complex issues to non-technical stakeholders.
Showcase Relevant Skills: In your application, clearly outline your experience with model performance metrics and validation techniques. Mention any regulatory requirements you are familiar with, as this will show your preparedness for the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your professionalism and attention to detail, which are crucial for this role.
How to prepare for a job interview at Leeds Building Society
✨Showcase Your Technical Skills
Make sure to highlight your experience with Python, SAS, and SQL during the interview. Be prepared to discuss specific projects where you used these programming languages, as this will demonstrate your technical proficiency and relevance to the role.
✨Understand the Business Context
Familiarise yourself with the residential mortgage portfolios and the key risk drivers associated with them. Being able to discuss how these factors influence credit risk behaviour will show that you understand the broader context of the role and its impact on the Society's mission.
✨Prepare for Analytical Questions
Expect questions that assess your analytical skills and understanding of model validation techniques. Brush up on model performance metrics and regulatory requirements, as being able to articulate these concepts clearly will impress your interviewers.
✨Communicate Effectively
Since the role requires conveying complex issues to non-technical stakeholders, practice explaining technical concepts in simple terms. This will demonstrate your excellent communication skills and ability to work collaboratively within a diverse team.