Senior Model Validation Manager

Location Manchester
Discipline: Retail Banking
Job type: Permanent
Contact name: Chris Smart

Contact email: careers@co-operativebank.co.uk
Job ref: 006682
Published: 29 days ago

Senior Model Validation Manager 

Monday – Friday

Salary up to 80k + car allowance + benefits

35 hours

Remote/Manchester office location

 

The Co-operative Bank are longstanding advocates of hybrid and flexible working. During the pandemic our colleagues are working from home fully supported by our bank. As we look to the future, we will continue to offer remote working in roles that allow with the option to spend 1-2 days per week in the office where desired

 

2021 is an exciting time to join The Co-operative Bank and our strong Risk Model Validation team. As part of this role you will lead our specialist team, influencing and challenging our stakeholders in relation to risk model management. You will perform validations on our more technical models including credit IRB (retail and corporate), IFRS9 provisioning, stress, liquidity, finance, and operational risk models.

 

What You Can Expect From Us:

 

  • 27 days holiday at start, rising to 30 days
  • Car allowance and private medical plan
  • Competitive pension / income protection / life assurance
  • 2 paid days for volunteering per year
  • Flexible working arrangement including working from home.
  • Strong career path within Financial Services
  • Family friendly policies and supportive working environment
  • Recognition scheme and a culture in which we celebrate success 
  • Colleague network groups committed to inclusion and diversity within our Bank

 

 What would we like you to have?

 

  • Solid & comprehensive background & experience of developing and/or validating credit risk models (retail or corporate) using SAS.
  • Proficient in the use of statistical software, preferably SAS. Knowledge of other commercial and open source analytical tools such as R, Python is an advantage
  • Experience of IFRS9 modelling, or models used for Concentration Risk/Finance is an advantage.
  • Experience of also developing or validating liquidity models is an advantage.
  • Knowledge of UK and European banking regulations that affect models and rating systems
  • Understanding of credit risk management, analytical techniques and practices.
  • Credit risk modelling, logistic regression, linear regression, survival analysis, time series modelling
  • Understanding of industry-wide modelling practices and trends.
  • Appreciation of specialist areas outside own area
  • Good report writing and presentation skills

Key accountabilities:

 

  • Provide validation of the Bank’s models, including producing the associated documents.
  • Present & discuss the outcome of validation with developers and at relevant committees.
  • Supporting analyst/senior analyst development
  • Help maintain the Bank’s model inventory
  • Provide quantitative and qualitative validation of the Bank’s model
  • Analyse & discuss monitoring and other reports to support decision-making regarding model risks across the Bank.
  • Work collaboratively with other model teams across the Bank to achieve best practice
  • Proactively encourage a culture of best model practice throughout the institution.
  • Advise the Bank’s model users on model risk related issues
  • Support the Head of Independent Model Validation to ensure clarity, transparency and insight in model related discussions with internal senior management and the PRA.
  • Support the Head of Independent Model Validation in the production of key documents for relevant committees across the Bank and escalating unresolved model risks via the Bank’s governance framework.

 

If you require more information or this document in a different format, please contact our careers team.

 

As a reputable employer regulated by the Financial Conduct Authority, all offers of employment for this role are subject to a series of background checks, including criminal (DBS) and financial checks.

 

Please note: we are able to close this role at any point should a successful candidate be identified.

 

As a Disability Confident employer, we commit to interviewing all disabled* applicants that meet the minimum knowledge, skills & experience for the role. If you meet this criteria please advise on your application.

 

*As defined in The Equality Act 2010*. By ‘minimum criteria’ we mean you should provide us with evidence which demonstrates that you generally meet the level of competence required and have the qualifications, skills or experience defined as essential to perform the role.