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- Tasks: Lead model risk management and ensure compliance with regulatory standards at Tesco Bank.
- Company: Join Tesco Bank, part of Barclays UK, committed to serving customers and communities better.
- Benefits: Enjoy hybrid work, generous holidays, private medical insurance, and a 10% discount on Tesco products.
- Why this job: Be part of a dynamic team shaping the future of banking with a focus on inclusivity and support.
- Qualifications: Experience in banking, model validation, and strong communication skills are essential.
- Other info: This is an 18-month fixed-term contract with opportunities for career development.
The predicted salary is between 60000 - 90000 £ per year.
2 days ago Be among the first 25 applicants
General information
Job Title: Model Risk Senior Manager – 18 Month FTC
Ref #: 9339
Location: Edinburgh
Department: BAR – Financial Risk
Business Area: Financial Risk
Working time: Full-Time
Date Published: 26-06-2025
Serving our customers, communities, and planet a little better every day.
Salary – Up to £90,000 + annual bonus & benefits
Location – Edinburgh
Office Attendance – Our roles are hybrid; however, you should be able to travel to our Edinburgh office 3 days per week for this position.
Closing Date – Applications close on Friday 11th July at 5pm
A career that works for you: We’re looking for a Model Risk Senior Manager to join our Provisions and Model Risk Oversight team at Tesco Bank, part of Barclays Bank UK Plc.
This is a great time to join as you will play a significant part in the transition to the Barclays Model Risk Framework.
You’ll play a vital role in the ongoing management of Model Risk within Tesco Bank and be responsible for providing independent assurance of the models used.
You’ll be working within the Tesco Bank Risk team, alongside model developers and users, and the Barclays Independent Model Validation Unit.
What you’ll be doing
- Maintaining the Tesco Bank model risk governance framework by ensuring that all our models are subject to appropriate validation and satisfy all regulatory requirements.
- Working closely with key stakeholders to deliver effective and independent oversight of the models used in all areas of Tesco Bank.
- Support the transition of our models to the Barclays Model Risk Framework
We need you to have
- Experience of working across a wide range of Banking disciplines, which should include Finance, Credit Risk and Commercial Functions.
- Knowledge and understanding of model build, validation and governance within Retail Banking.
- Excellent oral and written communication.
- Ability to influence at all levels of the organisation
And if you have any of these, even better
- Advanced Analytical Capability with in-depth knowledge of statistical and mathematical techniques and models used within Retail Banking.
- Strong understanding of the Regulatory agenda.
- Degree qualified or equivalent.
We don’t expect you to tick every box, and if you feel you hit most of the brief, it’s worth exploring to further develop your career here with us.
What’s in it for you:
- Prepare for your retirement with our colleague pension scheme.
- Private Medical Insurance (WL2+) and virtual GP Service 365 days a year.
- Performance related annual bonus.
- Indulge in a generous holiday allowance with a minimum of 7.2 weeks, with the opportunity to buy more.
- Embrace the benefits of our Colleague Clubcard, enjoy a 10% discount that increase to 15% every payday (worth up to 2K). As an added perk, we’ll give you a second card to share with someone else.
- Benefit from our family-oriented initiatives, encompassing enhanced maternity leave pay, a shared parental leave policy, and a generous paid paternity leave.
- A place to get on – take advantage of our ongoing learning opportunities and training, to help you achieve the job and career you want.
Everyone’s welcome: We want all our colleagues to always feel welcome and be themselves at Tesco Bank, part of Barclays Bank UK Plc. We’re committed to building a more inclusive workplace and celebrating everything that makes colleagues unique, and value the richness and diversity this brings to our business. A more diverse business helps us deliver on our purpose to serve our customers, communities, and planet a little better every day.
How to apply
We value our people and diverse teams and believe the variety of backgrounds and experiences make us stronger to achieve our goals.
Our colleagues are working hybrid, taking time to meet with colleagues in our offices for moments that matter, such as team catch ups, planning meetings and more. If you’re interested in finding out more about what a career at Tesco Bank looks like, click apply to find out more!
Why Tesco Bank?
Whether we’re helping our customers or looking after our people, you’ll find there’s a warmth and friendliness to everything we do.
It means we put your wellbeing first and give you bags of support, training and development, so you can build the career that’s right for you. It’s about looking after each other with the same care that we give to our customers.
We’ve created an environment where everyone feels included, accepted and welcome. Which means you can bring your whole self to work every day and totally thrive at the same time.
Lovely.
Say hello to life in Tesco Bank.
Seniority level
-
Seniority level
Mid-Senior level
Employment type
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Employment type
Full-time
Job function
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Job function
General Business, Management, and Business Development
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Industries
Banking
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Model Risk Senior Manager - 18 Month FTC employer: Tesco Bank
Contact Detail:
Tesco Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Model Risk Senior Manager - 18 Month FTC
✨Tip Number 1
Network with professionals in the banking and financial risk sectors. Attend industry events or webinars where you can meet people who work at Tesco Bank or Barclays. Building these connections can give you insights into the company culture and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with the Barclays Model Risk Framework. Understanding this framework will not only help you during interviews but also demonstrate your proactive approach and genuine interest in the role.
✨Tip Number 3
Prepare for potential interview questions by reviewing common scenarios related to model risk governance and validation. Think of examples from your past experience that showcase your analytical skills and ability to influence stakeholders.
✨Tip Number 4
Stay updated on the latest regulatory changes in the banking sector. Being knowledgeable about current regulations will show your commitment to compliance and your readiness to tackle challenges in model risk management.
We think you need these skills to ace Model Risk Senior Manager - 18 Month FTC
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in model risk management, banking disciplines, and any specific skills mentioned in the job description. Use keywords from the job listing to ensure your application stands out.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also demonstrates your understanding of Tesco Bank's values and how you can contribute to their goals. Mention your experience with model validation and governance.
Showcase Communication Skills: Since excellent oral and written communication is crucial for this role, consider including examples in your application that demonstrate your ability to influence stakeholders and communicate complex ideas clearly.
Highlight Continuous Learning: Mention any ongoing training or professional development related to model risk or banking regulations. This shows your commitment to staying updated in the field and aligns with Tesco Bank's emphasis on learning opportunities.
How to prepare for a job interview at Tesco Bank
✨Understand the Model Risk Framework
Familiarise yourself with the Barclays Model Risk Framework and how it applies to Tesco Bank. Be prepared to discuss your understanding of model validation and governance, as well as any relevant experiences you have in this area.
✨Showcase Your Analytical Skills
Highlight your advanced analytical capabilities and knowledge of statistical techniques used in retail banking. Be ready to provide examples of how you've applied these skills in previous roles, particularly in model build and validation.
✨Communicate Effectively
Since excellent oral and written communication is crucial for this role, practice articulating your thoughts clearly. Prepare to explain complex concepts in a way that is easy to understand, as you will need to influence stakeholders at all levels.
✨Demonstrate Stakeholder Engagement
Prepare examples of how you've successfully collaborated with various stakeholders in past roles. Emphasise your ability to work closely with model developers and users, showcasing your experience in delivering independent oversight and assurance.
