United Kingdom Job Openings

NatWest Group

Model Risk Officer

Birmingham

FULL TIME

October 17, 2024

Risk Oversight & Challenge, Control, Oversight & Assurance
Model Risk Officer
Closing date for applications: 30/10/2024

Birmingham, United Kingdom

Permanent

Full Time

#R-00240152

Our people work differently depending on their jobs and needs. From hybrid working to flexible hours, we have plenty of options that help our people to thrive.

This role is based in the United Kingdom and as such all normal working days must be carried out in the United Kingdom.

Job description

Join us as a Model Risk Officer

In this key role, you’ll undertake quantitative validation of credit models and ensure that models are managed within the requirements of the bank’s model risk policy and risk appetite
You’ll ensure model limitations are identified, communicated to stakeholders and effectively mitigated
We’ll look to you to help develop, maintain and implement proportionate mandatory procedures for model validation activity
You’ll gain great exposure for you and your work, with the opportunity to develop key relationships with colleagues across the business

What you'll do

As a Model Risk Officer your main role will be the validation and review of models used within the group and help ensure the bank’s models are managed within policy and appetite. You’ll support the delivery of bank wide policy and mandatory procedures for the governance and control of model risk.

Additionally, you’ll be supporting the model risk control environment and governance process through effective tracking and proactive escalation of issues, and compliance with the operational risk framework.

You’ll also be:

Working with the team to design and roll-out a bank-wide risk appetite approved by the bank’s executive and cascaded to businesses, functions and legal entities
Assisting all areas in having appropriate governance and minimum standards in place to enable each area to report and manage their model risk and remain within their executive’s risk appetite
Working across all asset classes to effectively and proactively support model risk with the management and remediation of its internal and external audit issues

The skills you'll need

We’re looking for someone with significant experience of model validation or model development of credit risk models such as IRB, IFRS9, Stress Testing and Scorecards. You’ll need a strong understanding of the financial industry, more specifically, model-related regulatory requirements.

You’ll have prior project management experience with a demonstrated ability to establish a clear direction and set and track objectives. Crucial to your success in this role will be problem solving, analytical skills, develop effective relationships and your ability to communicate with and influence senior management.

You’ll also need:

Extensive model development or validation experience
The ability to code in Python or a proven record of coding in other languages
Knowledge of key model risk regulation relevant for credit models, such as SS1/23 and CRR
To manage a small team of validators providing oversight to their validation activity and support their development
Financial acumen and the ability to understand model risk in the context of the bank’s assets, business lines, platforms, regions, markets, regulations and stakeholders
Expert knowledge of policy management and control processes across multiple lines of business
Experience writing and proof-reading papers of sufficient quality to be submitted to regulators and auditors
The ability to work closely with senior team members to deliver outcomes consistent with industry leading practices

New Job Alerts

Kodiform Therapeutics Limited

Scientist (Cell & Molecular Biology)

London

FULL TIME

November 18, 2024

View Job Description

Holiday Inn

Full Time Hotel Receptionist

Bolton

FULL TIME

November 18, 2024

View Job Description

Inter Scientific

Project Scientist

Liverpool

FULL TIME

November 18, 2024

View Job Description

Boots

Customer Advisor

Hatfield

PART TIME

November 18, 2024

View Job Description

Home Office

Authorising Officer

Birmingham

FULL TIME & PART TIME

November 18, 2024

View Job Description

Frederic Robinson Brewery

Housekeepers

Ilkley

FULL TIME & PART TIME

November 18, 2024

View Job Description

Bancone

Kitchen Porter

London

FULL TIME & CONTRACT

November 18, 2024

View Job Description

Atherley's Bakery Farnsfield

Bakery Packer

Farnsfield

FULL TIME & PART TIME

November 18, 2024

View Job Description

El Rachum Care

Cleaner/Carer

Burton upon Trent

PART TIME & CONTRACT

November 18, 2024

View Job Description

LloydsPharmacy Online Doctor

Customer Support Advisor

London

FULL TIME

November 18, 2024

View Job Description

Looking for similar job?

Noriker Power Ltd

Financial Modelling Analyst

Cheltenham

FULL TIME

August 28, 2024

View Job Description

NatWest Group

Risk Modelling Lead Analyst

Edinburgh

FULL TIME

August 27, 2024

View Job Description

RWS Group

Data Annotator for AI Models | English | Remote, Part Time, Work from Home

PART TIME & CONTRACT

August 1, 2024

View Job Description

November 18, 2024

View Job Description