Description
The Risk Modeller role sits in the Asset Risk Function, which has the responsibility for forecasting Motability Operation's key financial risks, including Residual Value and SMR, Insurance Lease Pricing, Economic Capital, as well as producing the customer pricing. This role sits in the Asset Risk Modelling Team, operating in a matrix management operation, responsible for operating a strong model risk management framework that ensures models are a trusted asset, and ensuring the forecast models are robustly implemented, operated, enhanced and developed in conjunction with joint ownership for the outcomes and outputs with business SME's.
Reporting into the Asset Risk Modelling Manager, the role has the following key responsibilities
You will operationalise the model risk management framework in Asset Risk, ensuring model health, reporting, processing, auditing and reporting requirements are met and ensure risks and issues are flagged and solutions sought and delivered
You will use critical thinking during the accurate and timely operational update and delivery of the critical BAU requirements for Asset Risk models associated with residual value forecasting, maintenance spend, insurance, customer pricing, and economic capital
You will confidently operate and explain the various model process updates related to data, modelling assumptions, modelling techniques, business forecasts and policy assessments, etc, to ensure a comprehensive understanding of your work and the model outcomes across a variety of stakeholders
You will have an effective understanding of the model components - design principles, use of data, assumptions, applied statistical and modelling techniques - for the models, delivering challenge and communication required to close the gap between the models and Asset Risk deliverables
You will support the Modelling Lead and Senior Risk Modeller with the critical thinking and activity required to deliver the strategic projects from the Modelling team, ensuring your activity aligns with the wider business SME's
You will always ensure that the models and their outcomes are jointly owned with the modelling teams and business area owners, ensuring the models and messaging meet the needs of the business and are not seen as theoretical 'black boxes'
You will understand the tools and systems used to deliver a...
Risk Modeller in East Kilbride employer: Motability Operations
As a Senior Events and Marketing Executive, you'll be part of a dynamic and collaborative team dedicated to creating impactful experiences that resonate with our customers. Our inclusive work culture fosters creativity and innovation, while offering ample opportunities for professional growth and development in the vibrant cities of Edinburgh, Bristol, and London. Join us to make a meaningful difference in the lives of those we serve through engaging events and strategic marketing initiatives.
