Model Risk Manager – Empower, Influence, and Lead
up to £90K + excellent benefits and bonus
Hybrid/Essex (2 days in office)
Are you ready to take your expertise in risk management to the next level?Step into a pivotal role where your analytical skills, leadership, and strategic thinking will directly impact decision-making at the highest levels. As aModel Risk Manager, you will play a key role within the Enterprise Risk team, with direct exposure to senior management and theBoard of Directors.
This role offers the opportunity towork across multiple European markets, ensuring compliance withUK FCA and PRA regulations, while also navigating additional local regulatory requirements. You will be instrumental inshaping model risk strategy, enhancing the risk frameworks, anddriving real changewithin the organization.
If you're aproblem-solver with a passion for risk, analytics, and leadership, we want to hear from you!
Why Join this Bank?
🌟High-Impact Role– Influence decisions at senior levels and work directly with executives and Board members.
💼Leadership & Visibility– Be a part of the Enterprise Risk team, a key second-line function, ensuring strategic oversight of critical risk areas.
🌍International Exposure– Work across diverse European markets and develop a deep understanding of different regulatory landscapes.
📈Professional Growth– Expand your expertise inmodel risk management overseas and with peers in Treasury, ESG strategy, and risk frameworks.
💡Supportive & Inclusive Culture– Work in an environment that values diverse perspectives and fosters continuous learning and collaboration.
Key Responsibilities
📊 Model Risk Management
- Lead the development and maintenance ofModel Risk Management Policies and Frameworks, ensuring compliance with evolving regulations.
- Work closely with model developers, owners, and independent validators tomonitor, improve, and approve risk models.
- Implement cutting-edgerisk measurement and reportingtechniques, setting model risk appetites aligned with strategic objectives.
- Challenge existing models with innovativePost-Model Adjustments, ensuring accuracy and resilience.
📈 Model Development & Validation
- Partner with teams todevelop robust modelsfor ICAAP Pillar 2 risks, includingcredit, operational, market, and concentration risk.
- Drive research and innovation by designingchallenger models and stress testing methodologies.
- Validate models with a strategic and independent mindset, ensuring high-quality risk assessments.
🌍 Enterprise Risk & Strategic Support
- Contribute to critical risk initiatives such asICAAP, Recovery Planning, ESG strategies, and Risk Appetite Frameworks.
- Engage with senior committees tocommunicate complex risk concepts in a clear and impactful manner.
Who You Are
✔A visionary risk expert– with a Master’s or PhD inStatistics, Mathematics, Econometrics, or Financial Engineering.
✔A specialist in financial risk modeling– with expertise inExpected Credit Loss (IFRS9)and banking risk areas (credit, market, operational, and rate risk).
✔An analytical thinker with data science skills– adept atSAS, Alteryx, Excel VBA, and leveraging data to drive strategic decisions.
✔A confident communicator– with the ability to present technical insights to senior leadership in aclear and engaging manner.
✔A problem-solver– who can navigate complexities, manage competing priorities, and drive pragmatic solutions.
Bonus Points If You Have…
🔹 Experience withIRB approach development
🔹 Regulatory experience – working with or for financial regulators
Ready to Make an Impact?
Call us and discuss how you can be part of this team that values expertise, innovation, and leadership. If you’re ready to elevate your career in risk management and shape the future of financial resilience,apply now!🚀
