Model Risk Management Coo - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

JOB DESCRIPTION

Job title:
Model Risk Management COO / Business Manager

Corporate Title:
Vice President

Department:
Model Risk Management

Location:
EMEA

Company overview

Department overview
The Model Risk Management function comprises Model Validation Teams and the Model Governance Team.

The Model Governance Team oversees technology supporting the function, development and distribution of risk and performance indicators, regulatory communications, cross-functional initiatives, development of policies and procedures, business management / COOresponsibilities, and model risk reporting.

Model Validation Teams validate the integrity and comprehensiveness of Risk, Valuation, Algorithmic Trading, and Finance Models.

Role overview:

Reporting to the Head of Model Governance who is based in London, the role will support all aspects of the Model Risk operational process globally.

The role itself is diverse and will interact globally across all aspects of Model Risk.

The successful applicant must be a constructive problem solver who is capable of interacting, influencing, and challenging at all levels whilst being detail oriented.

Primary Responsibilities:

Internal project delivery management and resource allocation planning for:
Risk Model Validation projects (often regulatory commitments)
Model Inventory Replacement project and subsequent enhancement phases (vendor engagement).
Prepare analysis and presentations in support of strategic proposals and initiatives
Write presentations for senior management, regulators and other third parties
Understand Model Risk processes and controls and use this information to identify, assess, review and update the function's Risk and Control Self-Assessment (RCSA) register.
Ensure operational risk events caused by the function are escalated and documented as required.
Review and challenge operational risk events that impact the business to confirm resulting actions are appropriate and ensure delivery
Support ongoing audit reviews
Contribute to the development and review of team procedures
Manage budget, expenses and approvals for the business
Cover tasks related to systems provisioning, vendor management, security frameworks, and personnel
Maintain Business Continuity Plans for the function
Provide support for request from regional and global COO, CAO, and HQ functions

Skills, experience, qualifications and knowledge required:

Essential

Prior experience in a COO / Business Management role
Project management experience and ability to coordinate inputs and opinions from different sources
Excellent written and verbal communication
Degree or equivalent education
Advanced knowledge of Excel and PowerPoint
Attention to detail, coupled with good written and oral communication skills
Strong willingness to learn and be able to work both independently and in collaboration with others, as required
Adaptability to change and ability to build relationships and work with others through influence (rather than authority)
Ability to interact confidently with senior management and maintain absolute confidence when required.