Manager Model Risk Management - London - ref. m8651719

The team is based in London and India and works on a hybrid basis with 2 days in the office. Key Responsibilities Developing and maintaining the Model Risk Management Policy and Model Risk Management Frameworks to ensure continued compliance with changing regulatory and corporate requirements.Maintaining the model inventory by working with model owners, model developers, and independent validation teams to ensure that models are catalogued, monitored, developed, validated, remediated, and approved in line with policy and frameworks.Developing and implementing methods for measuring and reporting model risk, including inherent model prudence and the setting of model risk appetites in line with the Risk Appetite Framework.Proposing and assessing Post-Model Adjustments to counter model limitations and mitigate model validation findings.Assessing and presenting model validation findings to governance committees as part of the model approval process.Researching and proposing model validation concepts to inform independent validation activities.Performing model validation where allowable whilst ensuring independence from model development.

Requirements: Significant prior experience of model validation and/or model development for credit risk, preferably in retail; corporate/wholesale also potentially relevant.Practical understanding of model validation techniques, particularly on retail credit risk, IFRS9, and IRB models.Knowledge of model risk management regulations and standards in the UK and EU.Candidates will likely be working in the model risk or development team of a retail bank, challenger, consumer finance firm, or consultancy specialized within credit risk.