At a Glance
- Tasks: Lead model risk validation and provide insights on credit risk models.
- Company: Join Yorkshire Building Society, a mutual organisation focused on real-life goals.
- Benefits: Enjoy 25 days holiday, flexible working, and a bonus scheme up to 15%.
- Other info: Inclusive environment with excellent career development opportunities.
- Why this job: Make a real impact in a growing team that values your ideas and flexibility.
- Qualifications: Experience in risk management and strong communication skills are essential.
The predicted salary is between 55000 - 65000 £ per year.
At Yorkshire Building Society (YBS), we’re proud to be a mutual organisation that helps people achieve their real‑life goals. We have ambitious plans to grow and evolve, and we’re looking for people who share our energy, talent, and drive to make a difference. 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’re excited to offer an opportunity for a Model Risk Oversight Manager to join our second line of defence Risk team, based at our Leeds head office (with flexible working options available). In this role, you’ll be a technical subject matter expert on model risk, with a focus on the independent validation of credit risk models 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 model oversight across the whole organisation. You’ll be part of a team that values flexibility, collaboration, and continuous development, and where your voice and ideas are welcomed.
About the role
- Leading both model-specific technical validation and thematic reviews, providing insightful and meaningful findings on model risk.
- Assessing models for data appropriateness, methodology soundness, validation quality, and regulatory compliance.
- Building strong relationships with stakeholders across the business, using our Oversight Methodology to guide engagement.
- Offering clear, constructive challenge and expert advice on complex issues, including at Chief Officer level.
- Presenting findings at Model Risk Committees and escalating key issues to Executive and Board Risk Committees when needed.
- Driving improvements in oversight practices and helping shape the future of the Prudential Risk function.
- Supporting the Lead Manager Model Risk Oversight, including deputising when required.
About You
We’re looking for someone who brings a mix of technical expertise and strong communication skills. You might have experience in:
- Risk management within the banking or financial services sector.
- Understanding of modelling techniques, especially in Retail Credit (e.g. IFRS 9, IRB), Treasury, or Finance.
- Translating complex technical concepts into clear, accessible language for a range of audiences.
- Working independently and managing your time effectively within a structured oversight framework.
- Experience in an oversight or assurance role (desirable but not essential).
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 to discuss this during the recruitment process.
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.
Model Risk Oversight Manager in Leeds employer: Yorkshire Building Society Group
At Yorkshire Building Society, we pride ourselves on being a mutual organisation that prioritises the well-being of our members and employees alike. Our Leeds head office fosters a collaborative and inclusive work culture, offering flexible working options and a commitment to employee development, ensuring you can thrive in your career while maintaining a healthy work-life balance. With competitive benefits such as generous holiday allowances, a strong pension contribution, and a focus on health and wellbeing, YBS is an excellent employer for those looking to make a meaningful impact in the financial services sector.
Contact Details:
Yorkshire Building Society Group Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Model Risk Oversight Manager in Leeds
✨Tip Number 1
Network like a pro! Reach out to current employees at YBS on LinkedIn or through mutual connections. Ask them about their experiences and any tips they might have for the interview process. This insider info can give you a leg up!
✨Tip Number 2
Prepare for those tricky questions! Think about how your skills in model risk oversight can directly benefit YBS. Be ready to discuss specific examples from your past that showcase your expertise and problem-solving abilities.
✨Tip Number 3
Show your passion for continuous development! YBS values growth, so be sure to highlight any relevant courses or certifications you've completed. This shows you're committed to staying ahead in the field of model risk.
✨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 being part of the YBS team.
We think you need these skills to ace Model Risk Oversight Manager in Leeds
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Model Risk Oversight Manager role. Highlight your relevant experience in risk management and model validation, and don’t forget to mention any specific skills that align with what we’re looking for!
Showcase Your Communication Skills:Since this role involves translating complex concepts into clear language, it’s essential to demonstrate your communication prowess. Use straightforward language in your application and provide examples of how you've effectively communicated technical information in the past.
Be Authentic:At YBS, we value authenticity. Don’t be afraid to let your personality shine through in your application. Share your motivations for applying and how you align with our values of flexibility, collaboration, and inclusivity.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. 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 Yorkshire Building Society Group
✨Know Your Models Inside Out
As a Model Risk Oversight Manager, you'll need to demonstrate a solid understanding of credit risk models like the IRB Rating system and IFRS 9. Brush up on these concepts and be ready to discuss their validation processes in detail. This will show your technical expertise and readiness for the role.
✨Build Relationships Before the Interview
Since this role involves engaging with various stakeholders, it’s a good idea to connect with current employees or industry professionals beforehand. This can give you insights into the company culture and expectations, which you can reference during your interview to show your proactive approach.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to provide constructive challenges. Prepare examples from your past experiences where you've successfully navigated complex issues or improved oversight practices. This will highlight your capability to handle the responsibilities of the role.
✨Communicate Clearly and Confidently
You’ll need to translate complex technical concepts into accessible language. Practice explaining your past work in simple terms, as if you were presenting to someone without a technical background. This will showcase your communication skills, which are crucial for this position.
