About the role
An opportunity to join a well-respected and empowered team and make a real difference through validating our material models.
This highly technical role sits within our Financial and Model Risk function and will report directly to the Senior Manager Model Risk and Validation.
The team's key purpose is to facilitate the business making effective risk-based decisions and ensuring models are reliable, accurate and well controlled.
We are looking for an experienced individual to join the team to independently undertake model validation and verification activities to support effective model risk management.
The analyst will be undertaking technical reviews, applying a range of statistical and analytical techniques, documenting, and presenting findings to senior management and the Executive as well as attending Model Risk Committee and its sub-committees.
Our benefits include:
- 28 days holiday a year plus bank holidays and a holiday buy/sell scheme
- Annual discretionary bonus scheme
- Personal pension with matched contributions
- Life assurance (6 times annual salary)
- Retail discount scheme
About you
You must have extensive development or validation experience with advanced internal ratings-based (A-IRB) or credit forecasting models, ideally in the residential mortgage sector.
Experience in developing or validating models, including IFRS9 and application and behavioural scorecards would be an advantage.
Familiarity with the regulatory framework and expectations related to model risk management is required, ideally with experience in developing and reviewing relevant documents (e.g, policies, frameworks).
Strong stakeholder management skills are crucial, with the ability to influence and positively impact. You should have experience interacting with senior managers and possess strong communication skills to explain complex technical matters clearly and concisely to non-specialists.
You must be a team player, able to collaborate effectively with other members of the risk function and the broader organization. High attention to detail, the ability to work under pressure, and resilience in your approach to work are essential.
Our Society and its beliefs
As a mutual, we've always worked together to improve the lives of others. Now one of the largest Building Societies in the UK, over 3,000 of us share that goal, in our branches and Head Office. Our benefits go beyond basic pay, with a discretionary bonus scheme, a culture of reward and recognition and total support for our wellbeing.
We're serious about equality, of race, age, faith, disability, and sexual orientation, but also of personality and the way we think. By being yourself, you'll make us stronger. You can build so much more than a career.
Come and make a difference in our Society, that's been voted a ‘Great Place to Work' by our teams.
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.