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- Tasks: Lead the Credit Risk Model Validation team and provide oversight on model design and implementation.
- Company: Join YBS, a member-focused organisation that values your individuality.
- Benefits: Enjoy 25 days holiday, health benefits, and a bonus scheme up to 15%.
- Other info: Flexible working options available to help you balance work and life.
- Why this job: Make a real impact in risk management while developing your career in a supportive environment.
- Qualifications: Experience in banking risk management and strong communication skills are essential.
The predicted salary is between 60000 - 80000 £ per year.
YBS is going through a transformation journey and with this, our Risk teams are growing to ensure we can support and protect the Society. We have created some new vacancies in our Prudential Risk team to oversee our Model Risk and this position is one of these new roles. We are looking for someone to join the team as a Model Risk Oversight Lead Manager to be a subject matter expert in model validation for our colleagues up to Board level and externally to the regulator.
About the Role
You will be responsible for leading the expanded 2nd line Credit Risk Model Validation team, with a focus on models employed including (but not limited to) the IRB Rating system, IFRS 9, Stress Testing and Scorecards, and you will be part of a Model Risk Oversight team responsible for models across the whole organisation. Through your leadership of the team, you’ll provide independent insight and oversight on the design, implementation and model use to the Society’s Model Risk Committee, ensuring that all activities operate within the Society’s risk appetite and comply with internal policies and all regulatory standards / guidance. You will be partnering with key business stakeholders and divisions to drive the embedding of Model Risk and EUC risk best practice in YBS, acting as a key strategic enabler for Model Risk to enable the business to better understand and manage the associated risk profile.
About You
You must have a background within risk management within the banking sector, with a good understanding of credit risk modelling approaches, and providing model validation across Credit Risk models, in particular Internal Ratings Based Capital Modelling, which will be a key focus area for the team in the next 2 years. Due to the level of stakeholders you will be working with you must have excellent communication skills and be able to translate technical concepts and facts into clear and understandable information for colleagues.
About us
At YBS we don’t have shareholders, we have members. We care about people and that includes you. So here, you’ll be respected for who you are, you’ll be able to bring your whole self to work, and you’ll have everything you need to build a long and rewarding career.
Flexibility
We offer a range of flexible working options without unsocial hours, which can help you find a healthy work-life balance. Whether it’s finishing early for an appointment or fitting your studies and hobbies in around your working hours, we can help make it work for you. We’re happy to talk flexible working and you can reach out to us anytime during the recruitment process to discuss this.
Development
We want you to feel challenged here. Whatever your ambitions, we’re committed to helping you develop your skills and move ahead in your career journey. From day one, we’ll set you up for success with a brilliant induction and full training plan, all designed to get you up to speed quickly.
Inclusivity
We’re passionate about creating an inclusive environment where everyone is welcome and able to be themselves. If you’ll go the extra mile to help our members, you’ll fit right in and feel you belong here.
About our Benefits
- Holiday: You’ll get 25 days plus Bank Holidays, as well as the option to buy up to a further 5 days.
- Bonus: At YBS we work collaboratively and share in our success together, so when we reach our goals we’re all rewarded with an on target bonus of 7% of eligible pay (with the opportunity to earn up to a maximum 15%).
- Pension: We know how important it is to save towards the future, that’s why we’ll contribute up to 11% into your YBS pension.
- Healthcare: Health and wellbeing are an important part of life at YBS, when you join us you’ll have access to a range of health benefits to suit your life including private medical insurance, dental and healthcare plans.
- My Benefits: When you join YBS you’ll have access to our self-service benefits portal, where you can access a range of retail, hospitality and health discounts.
Ready to apply? If you’re excited about this role and want to be part of the YBS team, click apply now to send us your application.
Want more information? If you have any questions about this role, please contact Jess Wilkinson on jewilkinson@ybs.co.uk.
Model Risk Oversight Lead Manager - Model Validation in Leeds employer: Yorkshire Building Society Group
Contact Detail:
Yorkshire Building Society Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Model Risk Oversight Lead Manager - Model Validation in Leeds
✨Tip Number 1
Network like a pro! Reach out to current employees at YBS on LinkedIn or through mutual connections. A friendly chat can give you insider info and might just get your foot in the door.
✨Tip Number 2
Prepare for the interview by brushing up on your model validation knowledge. Be ready to discuss specific models and how they align with YBS's risk appetite. Show them you know your stuff!
✨Tip Number 3
Practice your communication skills! Since you'll be translating complex concepts, try explaining model validation to a friend or family member. If they get it, you're on the right track!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the YBS team.
We think you need these skills to ace Model Risk Oversight Lead Manager - Model Validation in Leeds
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Model Risk Oversight Lead Manager role. Highlight your experience in risk management and model validation, especially in credit risk modelling. 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 your background makes you the perfect fit. Don’t forget to mention your communication skills and ability to translate complex concepts.
Showcase Your Leadership Experience: Since this role involves leading a team, be sure to highlight any leadership experience you have. Share examples of how you've successfully managed teams or projects in the past, particularly in the banking sector.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Yorkshire Building Society Group
✨Know Your Models Inside Out
Make sure you have a solid understanding of the credit risk models mentioned in the job description, especially the IRB Rating system and IFRS 9. Be prepared to discuss how these models work and their implications for risk management.
✨Communicate Clearly and Confidently
Since you'll be interacting with stakeholders up to Board level, practice translating complex technical concepts into simple, understandable language. This will show your ability to communicate effectively and ensure everyone is on the same page.
✨Showcase Your Leadership Skills
As a Lead Manager, you'll need to demonstrate your leadership capabilities. Prepare examples of how you've successfully led teams in the past, particularly in high-pressure situations or during transformations.
✨Understand the Regulatory Landscape
Familiarise yourself with the relevant regulatory standards and guidance that impact model validation. Being able to discuss how you ensure compliance within your previous roles will highlight your expertise and readiness for this position.