Job Title

Join us as a Model Risk ManagerIf you can demonstrate good knowledge of model risk and the controls environment and are passionate about driving effective risk management practices, then this could be the ideal role for youYoull be applying decision making capability, anticipating and assessing the potential impacts of risk across the business, supporting the development of model risk controls associated with Artificial Intelligence (AI)Youll gain significant exposure across the franchise and function and have the advantage of a varied breadth of work, supporting stakeholders to manage model riskYou'll be joining a team with a collaborative culture in a fast paced and high profile roleWhat you'll doYoull deliver the assessment and implementation of model risk management policies and procedures to ensure compliance with regulatory requirements such as SS1/23 and industry best practice, converting these into appropriate strategies and action plans. Youll also manage the identification and assessment of material risks and determine their position relative to agreed appetites.Collaborating with cross functional teams and senior stakeholders across the business, youll ensure models are validated, documented and monitored, with robust remedial action plans in place where identified risks are considered out of appetite. You will demonstrate risk leadership and advocacy to support a culture of proactive and pre-emptive risk management and continuous improvement, and the attainment of operational risk objectives.Other key elements of the role are to include:Monitoring and reporting on the overall health of the model risk management framework, managing the delivery and interpretation of risk MI and risk reports into the business highlighting any areas of concern or improvementActing as a subject matter expert (SME) on model risk and controls, providing guidance and training to stakeholdersDeveloping and maintaining strong relationships with key stakeholders to ensure effective communication and alignment of model risk management practicesImplementing a robust governance framework that engages all relevant stakeholders to enable effective decision makingMaking sure that all aspects of risk management are delivered within the requirements of the policy framework and in accordance with conduct risk requirementsBuilding and maintaining a stakeholder network of SMEs to support the development and delivery of innovative AI and data solutionsThe skills you'll needTo be successful in this role, youll need a strong analytical background with the ability to think creatively when resolving complex problems and identify alternatives where established procedures may not exist, ensuring an improved customer experience, while protecting the shareholder.Youll also have good knowledge of risk management and the controls environment, ideally in model risk, and how this impacts our business and customers, as well as general project management experience, involving complex processes and technology issues.On top of this, youll bring:A strong understanding of risk managementExperience of the development and practical application of risk models including scoring and model monitoringOperational and business experience with a clear track record of deliveryGeneral knowledge of how regulatory, political, reputational and environmental risk issues impact a complex financial services businessExcellent written and verbal communication skills with a strength in communicating complex or detailed information in a simple and clear styleThe ability to plan and prioritise workloads to ensure the most efficient use of the time and resources availableThe ability to think strategically, demonstrating thought leadership while being capable of translating concepts into effective processesA proactive, detail-orientated mindset