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For Companies At a Glance
- Tasks: Oversee model risk management and ensure compliance with regulatory standards.
- Company: Join Tesco Bank, part of Barclays Bank UK Plc, known for its inclusive culture.
- Benefits: Enjoy a competitive salary, private medical insurance, and 25 days holiday.
- Why this job: Play a key role in shaping the future of model risk at a leading bank.
- Qualifications: Experience in banking, model validation, and strong communication skills required.
- Other info: Hybrid working model with opportunities for professional growth and development.
The predicted salary is between 72000 - 108000 £ per year.
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 13th March 2026
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
- Plan confidently for the future with our non-contributory colleague pension scheme.
- Access Private Medical Insurance, including a convenient GP service.
- Enjoy a discretionary annual incentive.
- Take time to rest and recharge with 25 days’ holiday plus 8 bank holidays.
- Make the most of our family-friendly benefits, including enhanced maternity pay, shared parental leave and paid paternity leave.
- Grow your skills with our ongoing learning and development opportunities, designed to help you build the career you want.
- Choose from a range of flexible benefits so you can tailor a package that works best for you.
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.
Model Risk Senior Manager employer: Tesco Underwriting Ltd.
Contact Detail:
Tesco Underwriting Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Model Risk Senior Manager
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even reach out to current employees at Tesco Bank. Building relationships can open doors that a CV just can't.
✨Ace the Interview
Prepare for your interview by researching Tesco Bank's values and the Model Risk Senior Manager role. Think about how your experience aligns with their needs and be ready to share specific examples that showcase your skills.
✨Show Your Passion
When you get the chance to chat with potential employers, let your enthusiasm shine through! Talk about why you're excited about the role and how you can contribute to Tesco Bank's mission of serving customers and communities better.
✨Apply Through Our Website
Don't forget to apply directly through our website! It shows you're genuinely interested and makes it easier for us to track your application. Plus, you'll find all the latest opportunities right there!
We think you need these skills to ace Model Risk Senior Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Model Risk Senior Manager role. Highlight your experience in banking disciplines, model validation, and governance. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Be sure to mention any relevant experience that showcases your ability to influence at all levels.
Showcase Your Communication Skills: Since excellent communication is key for this role, make sure your application reflects your written communication skills. Keep it clear, concise, and professional. We love a well-structured application!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, you’ll find all the details you need about the role and our company culture there.
How to prepare for a job interview at Tesco Underwriting Ltd.
✨Know Your Models Inside Out
As a Model Risk Senior Manager, you'll need to demonstrate a solid understanding of model build, validation, and governance. Brush up on the models relevant to Tesco Bank and be ready to discuss their applications and regulatory requirements in detail.
✨Communicate Clearly and Confidently
Excellent oral and written communication skills are crucial for this role. Practice articulating complex concepts in a straightforward manner, as you'll need to influence stakeholders at all levels. Consider preparing a few examples of how you've successfully communicated model risks in the past.
✨Showcase Your Analytical Skills
Highlight your advanced analytical capabilities and familiarity with statistical techniques. Be prepared to discuss specific instances where you've applied these skills in a banking context, especially in relation to model risk management.
✨Understand the Regulatory Landscape
Having a strong grasp of the regulatory agenda is essential. Familiarise yourself with current regulations affecting model risk in retail banking, and be ready to discuss how you would ensure compliance within Tesco Bank's framework.