Back to Job Search

Model Risk Oversight Manager

  • Location: Leeds
  • Salary: Up to £75,000 pa per year
  • Job Type:Permanent

Posted 27 days ago

  • Sector: Credit Risk & Analytics
  • Contact: Nuhaa Mohamed
  • Contact Email: nmohamed@merje.com
  • Contact Phone: 0161 883 2762
  • Expiry Date: 25 April 2024
  • Job Ref: NM/11390

Model Risk Oversight Manager- Yorkshire (Hybrid)- up to £75K

My Client is on the search for a Model Risk Oversight Manager for a 12 Month FTC position in Yorkshire. The candidate will act as a subject matter expert on all model risk thematic reviews to support the delivery of the Prudential Risk Oversight Plan.  The reviews will cover (but is not limited to) the IRB Rating system, Retail Credit, ALM and Finance Models. Apply technical knowledge to ensure model risk is managed through the effective review of model design, periodic validation and model use.  

Key Responsibilities:

-    Act as a subject matter expert and take the lead to deliver the thematic Model Risk reviews. Apply expertise to conduct reviews which deliver insightful, accurate and meaningful findings to support the 2LoD Model Risk Oversight Business Partner in understanding key model risks.

-    Responsible for leading the engagement with key business stakeholders and divisions on thematic reviews. Be highly effective at providing clear advice, challenge and expertise on a range of complex issues right up to Chief Officer level, be influential to effectively manage stakeholder (including Chief Officers) buy-in to agree proportionate remedial actions for any issues identified. Attend ERC/GRC (the designated Board Risk Committee) to present material findings or escalate areas of dispute.

-    Contribute to and support the business to act upon the findings from second line thematic reviews to ensure compliance to relevant regulations, Group policy and industry best practice. Support the business in delivering Group Strategy and be accountable for ensuring that sufficient action is taken to mitigate risks identified or enhance strategic deliverables.

-    Play a leading role in developing robust oversight practices, identifying new approaches that should be embedded and taking personal ownership for implementing necessary changes to drive forward the capability and effectiveness of the Prudential Risk department.

Key Requirements:

  • Background within a risk management function in the Banking Sector.

  • Good understanding of modelling approaches in particular Retail Credit/IRB, ALM and Finance.

  • Excellent communication skills, in particular in translating technical concepts and facts into clear understandable written reports for commercial and operational colleagues

If interested, send your CV to nmohamed@merje.com

Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities. If you would like this job advertisement in an alternative format, please contact MERJE directly.