Lead Model Validation Analyst

The Model Validation team supports the group function by ensuring that models are subject to robust governance and well understood in respect to their purpose, limitations and strengths.

What you will be doing:

In this role you will have the opportunity to execute model validation activity across a breadth of models and purposes ensuring that models are subject to robust and proportionate independent validation providing assurance to key model committees that the models are assured as to their quality and risk. In this interesting role, you will gain access to a number of senior stakeholders across the business whilst having the opportunity to support IRB project work. Please note this is a fixed term contract for a period of 12 months.

Your responsibilities will include:

• Validation of models across all aspects of the model lifecycle, including assessing the appropriateness of the data utilised, the methodologies, the performance of the model, the clarity of the model documentation, appropriateness of model monitoring, and the use of the model.
• Perform independent analysis utilising statistical techniques to interrogate, review and challenge model development evidenced through robust validation reports.
• Engage with the Head of Model Validation on findings and recommended materiality.
• Provide clarity to the model owner/model developer as to the findings/query such that the matter is understood.
• Utilise expertise to agree any remedial actions with the model development team in review meetings.
• Provide, where relevant, views on regulatory compliance with items such as SS3/18.
• Produce comprehensive validation reports in line with the validation framework for review at the appropriate Committee/approval body.
• Managing and engaging stakeholders across the organisation to ensure effective model validation practice is embedded.
• Supporting the Model Governance and Validation team in improving policies, standards and practices across the group.

What's in it for you?

We offer a base salary of £50,000-£60,000 dependent on experience and a competitive benefits package including enhanced family-focused benefits, hybrid-working, and an annual bonus opportunity (pro-rata'd).

Do you have the skills?

• Previous experience working within a similar model validation or model development related role is essential.
• Advanced use and application of data modelling and data analysis software: specifically, SAS, WPS or similar are essential.
• Up to date knowledge of PRA and EBA requirements are essential, including IRB requirements.
• A degree or equivalent qualification in a quantitative field is essential.

Diversity, Equity & Inclusion

We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.