At a Glance
- Tasks: Contribute to model risk management and support training across the FCA.
- Company: Join a leading organisation in risk and compliance oversight.
- Benefits: Competitive salary, 25 days annual leave, and opportunities for professional growth.
- Other info: Collaborative environment with excellent networking opportunities across key areas.
- Why this job: Make an impact in model risk management while working with cutting-edge technologies.
- Qualifications: Experience in modelling, machine learning, or data science projects required.
The predicted salary is between 53800 - 67200 £ per year.
Division: Risk and Compliance Oversight Department – Enterprise Risk Management
Salary: National (Edinburgh and Leeds) £53,800 to £67,200, London £59,200 to £73,800 (salary will be based on skills and experience)
Responsibilities
- Contribute to the development and embedding of the model risk management framework, supporting training, communication and adoption across the FCA.
- Provide oversight, guidance and constructive challenge to first line of defence (1LOD) model development and governance activities.
- Work closely with modelling teams to support model risk assessments, evaluate controls, advise on validation approaches and ensure model inventory data is accurate and complete.
- Support assurance activities such as independent model validations and thematic reviews.
- Support the maintenance and ongoing development of the FCA Model Inventory, including contributing to data analysis and reporting for senior stakeholders.
- Work collaboratively with RCO colleagues to stay informed on developments across risk and contribute to updates on internal AI and model risk.
- Build and maintain a network across key 1LOD areas (e.g. Advanced Analytics, Data Management, AI Governance) and stay up to date with developments in AI and model risk management.
Minimum skills
- Experience delivering modelling, machine learning, or data science projects.
- Experience contributing to the implementation of a model risk framework, including supporting training, guidance, or communications.
- Practical coding experience in Python, SQL, or R.
Essential skills
- Good knowledge of a range of modelling and machine‑learning techniques.
- Interpersonal skills, with the ability to provide clear, balanced and practical advice.
- Experience working with stakeholders, with confidence to engage effectively across different teams.
- A collaborative approach, building positive working relationships to reach shared outcomes.
- Good organisational skills, with the ability to manage competing priorities and deliver high‑quality work to deadlines.
- Problem‑solving ability, applying sound judgement and making evidence‑based recommendations.
- Ability to adjust and work effectively in a changing environment.
Benefits
- 25 days annual leave plus
Model Risk - Senior Associate in London employer: PSR Limited
As a Senior Associate in Model Risk at our esteemed organisation, you will thrive in a dynamic work culture that prioritises collaboration and innovation. With competitive salaries and comprehensive benefits, including 25 days of annual leave, we are committed to your professional growth and development, offering ample opportunities to enhance your skills in a supportive environment. Join us in Edinburgh or Leeds, where you can make a meaningful impact while enjoying a balanced work-life experience.
StudySmarter Expert Advice🤫
We think this is how you could land Model Risk - Senior Associate in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like PSR Limited looking for candidates who are engaged and informed.
We think you need these skills to ace Model Risk - Senior Associate in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at PSR Limited. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at PSR Limited
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with PSR Limited’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
