Senior Model Oversight Manager - £110,000

Excellent benefits - 20% Pension, 30 days + BH, 15% Bonus, an extra 10% allowance of salary.

Leeds - Hybrid

Full time or Part time

I am proud to be bringing this rare and exciting senior opportunity to market. Working for a leading UK bank you will hold a business-critical role within the Risk team. You will be key in developing the financial risk framework and models.

Core role accountabilities

• Development and maintenance of the Bank's economic capital modelling, stress testing, credit risk and liquidity risk modelling. This includes the ECL model and engagement with internal stakeholders and External Auditors to ensure their agreement as to the adequacy of IFRS 9 general provisions.
• Test and challenge overall portfolio credit risk models (default probability, stress testing, risk rating distribution, portfolio concentration) to optimise decision-making.
• Model validation to ensure quality, consistency, and governance of financial risk and other models and data. This will include leading the challenge process with the model author and presenting findings at the Model Risk Oversight Committee.
• Accountable for the development and review of relevant policies and procedures (Model Risk Policy and Credit Risk Policy) to ensure the Bank is at the forefront of best practice in credit and model risk management.
• Development, coordination and delivery of financial risk management information and intelligence about developments and prospective financial risks and exposures in the portfolio and deliver these in a timely manner to Senior Management, Board, and auditors as required.
• Development of the financial risk system architecture and reporting of financial risk data from the IT systems and financial risk management systems, the testing and validation of Financial Risk valuation models and the development of financial risk measurement methodologies.
• Secretary of the Model Risk Oversight Committee, you will be essential in developing and rolling out the bank's best practices in terms of financial modelling, in particular through in-house training of relevant staff, liaising with the relevant committees and participating in projects as required.

Knowledge, Skill and Experience requirements

Experience and Knowledge:

• Proven professional experience with financial model validation techniques and financial model risk management processes
• Preferred experience in business or economic modelling departments
• Quantitative background, owning a degree / MSc degree in a quantitative subject, a degree in financial mathematics, a professional accountancy qualification or other relevant quantitative finance qualification.
• Familiarity with ALM software packages desirable

Skills:

• Strong analytical, presentation and numeracy skills
• Skilled communicator including strong report writing skills and ability to train in-house staff in model best practices.
• Strong attention to detail and well-organized; ability to prioritize, multi-task and work well under pressure.
• Self-motivated and works well independently; capable of taking initiative without prompting.
• Advanced programming skills in Python / R or other languages allowing relevant analysis & assessment of model features and carrying out comparison of model alternatives
• Strong problem-solving techniques, including the ability to identify, research and resolve unfamiliar issues.
• The ability to clearly communicate issues with a high level of confidence, maturity and credibility to key stakeholders.

This role is based in Leeds - 3 days in the office, 2 days at home.

Benefits include;

Pension - 10% employer contribution, increasing to 15% if the employee contributes 5% (20% in total).

Annual leave - Attractive annual package (30 days plus bank holidays), ability to carry over or buy/sell annual leave.

Bonus Scheme - A discretionary bonus of 2 months base salary (16%).

Flexible benefits - A flexible allowance of 10% of salary (up to a ceiling of 15K) to choose extra benefits or take as cash. These choices will be available from April 2023.

Core benefits

Life insurance & Income protection cover.

Career development

Work-based qualifications and training, coaching and mentoring opportunities.

Maternity, paternity and adoption leave

They offer 26 weeks full pay followed by 26 weeks unpaid leave.

Sabbatical leave

4 weeks sabbatical leave for every 4 years of service completed.

Volunteering Leave

Up to 5 days of paid volunteering leave where our colleagues can support local projects in the community linked to the banks mission.

Working environment

Flexible and hybrid working environment, with many roles open to job-share applicants.

Engaging work

Rewarding professions and mission, guaranteed 5 days of volunteering work towards the Bank's mission.