Bank, Edinburgh – Independent Model Validation Manager

We currently have an exciting opportunity for a Model Validation Manager to join our Model Validation team.    The role holder will be independently reviewing models from all areas of the bank; gaining an exceptional level of exposure.

 

The role:

  • Analyzing, understanding modelling requirements – frequent, in-depth interaction with modellers, risk and business leaders.
  • Understanding the theoretical approaches taken to modelling and providing an expert opinion on suitability.
  • Questioning applicability of modelling approaches and selection of appropriate techniques.
  • Verifying that data due diligence, model code and documentation has been done according to Bank standards.
  • Reviewing the evidence to support modelling decisions including evidence of challenge during the modelling process.
  • Verification of model compliance with applicable regulations.
  • Verification that the models have been implemented correctly.
  • Validation of model monitoring and identification.
  • Reporting of any model related issues.
  • Involved in development and ongoing update of validation standards, measures and tolerances.
  • Interaction with Development and Governance teams.
  • Annual interaction with Audit.

 

Experience required

  • 5-10 years direct experience in model development or validation including a detailed understanding of finance, treasury, liquidity, operational risk, or risk models as they apply to retail banking.
  • Experience with EU and UK banking regulations.
  • Ability to validate models with SAS.