Lead Analyst Technical Model Validation & Oversight - 12 month FTC

We have a new role that sits within our Financial and Model Risk (FaM) Function for a Lead Analyst focused on Technical Model Validation.

 This is a 12-month Fixed Term Contract position.

FaM are a trusted advisor and critical friend to the 1st line of defence. Our key purpose is to enable the business to make effective risk-based decisions, considering the prudential regulatory framework and underpinned by robust controls and governance

The Lead Analyst plays a key role in the independent validation of the Group’s critical model and calculator estate and ensuring that recommendations are tracked and completed in a timely manner. The role focuses on the validation of the most technically complex and impactful models within the Group including, but not limited to, regulatory capital modelling (AIRB), provision modelling and forecasting.

The role holder will be responsible for the technical review and challenge of new and existing model developments. They will undertake in-depth, end to end assessments of model design, development, and implementation processes to ensure alignment with internal and regulatory expectations as well as create challenger models.

There are no direct reports for this role, however support from within the broader Financial & Model Risk team can be utilised to help with the delivery of validations.

As this is a senior member of the team the role holder will help support the ongoing evolution of the Model Risk & Validation processes and procedures, ensuring alignment to best practice through learned experience and knowledge of industry best practice.

To be successful in this role it’s essential you have:

• Proven experience in developing or independently validating complex mathematical models.
• Deep technical expertise in key modelling areas such as:
  • Regulatory capital (e.g. AIRB)
  • Impairment modelling (e.g. IFRS9)
  • Credit forecasting
• Strong academic background in mathematics, statistics, or a related STEM discipline, evidenced by an advanced degree and relevant work experience.
• Experience working across a wide portfolio of complex models, including those related to Credit Risk, Treasury/Finance, Economic Crime/Fraud, and Product.
• Excellent analytical and report writing skills, with the ability to communicate complex technical concepts clearly and effectively to senior stakeholders.
• Demonstrated ability to build trusted advisor relationships and engage constructively with senior management.

Desirable experience will be:

• Experience at major retail Banks or Building Societies in the past to have facilitated an understanding of best practice in this field.
• Experience in other modelling areas such as Economic Crime and Balance Sheet/Treasury modelling

In 2025, Coventry Building Society purchased The Co-operative Bank. Bringing together our purpose-led building society with the UK’s original ethical bank was the start of an exciting journey.

Trusted by over four million people, we’re a mutually owned business free from shareholders, and with our combined experience of almost 300 years, our ethics and dedication will continue to guide us. Together, we have shared values and an ethical approach towards our members, customers and colleagues.

We’re officially recognised as a ‘Great Place to Work’ and our benefits go beyond basic pay, with a discretionary bonus scheme, a culture of reward and recognition and comprehensive support for wellbeing. 

We’re serious about equality, of race, age, faith, disability, and sexual orientation and we celebrate diversity. By working together, we know you’ll build more than just a career with us.

Flexibility and why it matters

We understand the need for flexibility, so wherever possible, we’ll consider alternative working patterns. Have a chat with us before you apply to see what the possibilities are for this role.                 

Proud to be a Disability Confident Committed Employer

We’re proud to offer an interview or assessment to every disabled applicant who meet the minimum criteria for our vacancies. As part of the application process, disabled applicants can opt in for the Disability Confident Interview Scheme. If there are ever occasions where it is not practicable to interview all candidates that meet the essential criteria, such as when we receive a high number of applications, we commit to interviewing disabled candidates who best meet the minimum essential and desirable criteria.