Model Governance Manager

We have an exciting opportunity to join our Model Governance team. We are seeking an experienced and forward-thinking individual to take on this crucial role in driving excellence in model and End User Developed Applications (EUDA) governance across the Group. You will use your expertise to ensure robust model management and compliance within a collaborative and supportive environment.

About Us

The OSB Group is a FTSE 250 specialist mortgage lender, primarily focused on carefully selected segments of the mortgage market. Our specialist lending is supported by our Kent Reliance and Charter Savings Bank retail savings franchises. Diversification of funding is provided by sophisticated securitisation platforms. OSB’s unique cost-efficient operating model is supported by our wholly-owned subsidiary OSBIndia. Alongside passion for our products and customers, we are passionate about our people and want to continue building a collaborative and engaging environment. Being dedicated to Diversity, Equity and Inclusion, we encourage differences and recognise that individuals from diverse backgrounds and experiences can bring valuable insights and enhance the way we work.

What you will be doing

In this role, you will have the opportunity to support all model and EUDA governance activity across the Group, ensuring that appropriate governance arrangements are in place and that model and EUDA risks are managed in line with the Group’s risk appetite and in accordance with regulatory and industry best practice expectations. As the Group transitions to an Internal Ratings Based (‘IRB’) approach for calculating credit risk capital requirements for eligible portfolios, you will also support attesting compliance with regulation, ensuring that IRB governance arrangements are in place and notification requirements are met.

Your responsibilities will include:

• Model governance – supporting the Head of Model & EUDA Governance to ensure that an appropriate model governance framework is in place and operated across the Group, including:

• Review and update of model policies and supporting standards documents ensuring emerging regulatory expectations and industry best practices are met.
• Presentation of these to committees for approval.
• Maintaining and coordinating updates to the Group’s Model Register.
• Coordinate Group-wide reviews of the model landscape.
• Support model owners in discharging their responsibilities through clear communication and regular engagement.
• Develop the Group Model Register to achieve full PRA SS1/23 compliance.
• Support and coordinate the operation of key model governance committees.

• Lead on the development and embedding of EUDA related policies and standards.
• Oversee the EUDA governance activities discharged by the Model & EUDA Analysts.
• Support all staff training and day-to-day management of these resources.
• Support the implementation and configuration of the EUDA IT tool.

• Coordination and management of the Group’s annual IRB self-assessment and attestation process.
• Supporting the review and update of the self-assessment policy.
• Coordinate the tracking and management of actions arising from the self-assessment process.

• Scheduling of regular sessions with key enablers across the Group.
• Management of the storage of all Use & Experience related information.
• Preparation of summaries and materials as required.

In return for your commitment, we offer a base salary dependent on experience of between £65,000 - £75,000 and a competitive benefits package including:

• Discretionary annual bonus opportunity of up to 15%
• 28 days annual leave plus bank holidays
• Contributory pension (8% employer 5% employee)
• Life Assurance (4x salary) plus Group Income Protection
• Access to Private Medical Insurance and Medical Cash Plan
• Maternity & Adoption Leave – Occupational Maternity/Adoption Pay provided at 100% of salary for the first 13 weeks and at 50% of salary for the next 13 week period.
• Paternity Leave – 4 weeks of paid leave to be taken within 8 weeks of childbirth
• Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, Holiday purchase/sell schemes, Employee Perk Portals, Payroll giving and Save as you Earn scheme.

Could you be the one?

We are looking for talented individuals who have the experience and knowledge set out below:

• Robust previous experience working in a similar model governance, EUDA, IRB, model development or compliance related role is essential.
• Robust experience of working in a financial services or risk-based environment is essential.
• Significant experience of internal model governance is essential.
• Good experience of writing reports for senior committees is essential.
• Good experience of risk models across numerous disciplines is essential.
• Strong experience of engaging with senior stakeholders is essential.

What to do next

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply. Alternatively, if you wish to have an informal and confidential chat please get in touch.

OSB Group are dedicated to diversity in the workplace and committed to treating all our employees and job applicants equally. We embrace equal opportunities and are opposed to discrimination on any grounds.