Risk Manager - Model Validation

Job Title:Risk Manager Model Validation
Location:London U.K.
Department:Risk Management
Employment Type:Permanent
Work Pattern: FullTime

Overview:

Portfolio reporting needs to provide reliable and insightful management information which enables the bank to make riskinformed business decisions.

An understanding of banking systems (Risk Management Reporting System/CMS/MR2000) be acquired to conduct the job functions with the ability to explain complex issues and present technical information clearly.

• Monitor all relevant Risk including Credit models and report on performance. Develop relevant model monitoring reports.
• Perform reconciliations of credit exposure data from various bank systems identify and classify differences inform the associated data owners and track and report on the closure of those differences.
• Support the collation and production of the portfolio dataset underlying the quarterly Expected Credit Loss (ECL) report and contribute to the production of materials and other dashboard reports for Risk reporting including the Credit Portfolio Committee (monthly).
• Manage the Enterprise Risk team Risk and Control Self Assessments and Operational Risk Events.
• Contribute to the further automation of processes related to the above activities. This includes documenting requirements and existing solutions as well as exploring ways to make processes more robust / automated.
• The job holder will be working in a demanding environment at times where accuracy internal consistency and speed are all important.

What You Will Be Doing:

Model Monitoring:

• Validate the accuracy and performance of the banks risk models including all and any outputs. Using that data produce regular reports monitoring the effectiveness of the models in use including override rates skew goodnessoffit and other relevant statistical measures of performance. Review summarize and report on similar model metrics produced by other parties e.g. from periodic independent model validation exercises.

Credit Portfolio Reporting and validation of key credit metrics including Expected Credit Loss (ECL):

• Take positionlevel credit data extracted from the banks systems and output data from the banks risk models (particularly but not limited to the Grouprun IFRS9 ECL model and the RMRS data lake) and reconcile and validate that data to ensure internal consistency and accuracy.
• Using that reconciled data and working under direction produce standardized summaries and analysis to inform portfolio monitoring and decisionmaking including movement analyses (monthly quarterly yearly) and breakdowns of key portfoliolevel credit metrics.

Contribute to other credit portfolio reporting forecasting and stresstesting exercises:

• As directed contribute to other portfolio analyst and reporting tasks including forecasting under defined scenarios and potential stresses.
• Typically these exercises will be to support the bank in setting and monitoring its growth strategy analyzing the potential impacts of external factors such as climate change and conducting analysis for activities required by regulation such as the Internal Capital Adequacy Assessment Process (ICAAP).

Risk Management:

• Lead and manage the annual (or ad hoc) review and update of Enterprise Risk team Risk and Control Self Assessments including periodic control testing and collation of Key Risk Indicators.
• Ensure the timely and accurate completion of all testing recording of results and approval. Manage and provide oversight of any Operational Risk Events raised by the Enterprise Risk team through to closure.

Organizational Scope:

• All the above activities will be performed at a consolidated legal entity level (ABCIB) and at a standalone level for the European subsidiary (ABCSA) and the residual UKbased operations (ABC Solo).
• The primary functional currencies for reporting are therefore USD GBP and EUR.

Candidate Specification:

Knowledge of model reconciliation and validation techniques and best practices.
Sound knowledge of Risk Management including RCSAs and OREs.
Highly skilled in Excel with strong numerical capabilities capable of swiftly analyzing manipulating and modelling data to derive insights and recommendations.
A working knowledge and understanding of Financial Risks including Treasury Financial Markets and Credit risk is required.
An understanding of Model Risk management including frameworks policies and procedures is a requirement.
Model Monitoring and Performance Evaluation qualifications preferred.
Risk Management certifications and qualifications would be advantageous.
Previous history of model monitoring risk management or risk reporting is a prerequisite.
5 years experience within the Financial Services sector.
Proven experience successfully managing multiple projects highly desirable.
Excellent analytical skills logical thinker with strong attention to detail.
Very strong written and verbal communication skills presentation skills
Exceptional relationship building skills with proven influencing successes.
Outstanding presentation skills adept at conveying complex concepts internally and externally.
Critical thinker with ability to work under pressure.
Good administrative and organizational skills.

Equal Employment Opportunity

Bank ABC is committed to the principles of equal employment opportunity for all employees and applicants and in accordance with applicable laws does not discriminate on the basis of sex gender identity gender expression race color religion national origin ancestry age marital status disability medical condition sexual orientation or on any other basis prohibited by law.

We welcome applications from people with disabilities and are committed to providing reasonable adjustments where necessary to make interviews and jobs more accessible. Should you have any difficulty during the recruitment process require any reasonable adjustments or an application to Access to work please contact the recruitment lead on: