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    Model Risk Oversight Manager - Leeds, United Kingdom - Sanderson Recruitment

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    Full time Accounting / Finance
    Description

    Job Title: Model Risk Oversight Manager

    Salary: £70,000 per annum

    Working Model: Hybrid working

    Contract Length: 12-month FTC, with the possibility of becoming permanent

    Location: Leeds

    Act as a subject matter expert on all model risk thematic reviews to support the delivery of the Prudential Risk Oversight Plan. The reviews will cover (but are not limited to) the IRB Rating system, Retail Credit, ALM and Finance Models. Apply technical knowledge to ensure model risk is managed through the effective review of model design, periodic validation and model use. Ensure reviews consider alignment with market best practice, regulatory requirements and Group policies. Act as an enabler for the business to better understand and manage their model risk, providing advice and challenge to 1st line risk teams through impactful and highly influential engagement up to Chief Officer levels.

    Commercial Responsibilities:

    • Interactions with Group Risk Committee (GRC) and Executive Risk Committee (ERC) to escalate material findings identified through monitoring reviews.
    • Engagement with key business stakeholders right through to the Chief Officer level.
    • Engagement with the regulator (PRA) on outcomes of thematic reviews.

    Role Specific Accountabilities:

    • Act as a subject matter expert and take the lead to deliver the thematic Model Risk reviews.
    • Apply expertise to conduct reviews which deliver insightful, accurate and meaningful findings to support the 2LoD Model Risk Oversight Business Partner in understanding key model risks.
    • Responsible for leading the engagement with key business stakeholders and divisions on thematic reviews.
    • Be highly effective at providing clear advice, challenge and expertise on a range of complex issues right up to Chief Officer level, be influential to effectively manage stakeholder (including Chief Officers) buy-in to agree proportionate remedial actions for any issues identified.
    • Attend ERC/GRC (the designated Board Risk Committee) to present material findings or escalate areas of dispute.
    • Contribute to and support the business to act upon the findings from second line thematic reviews to ensure compliance to relevant regulations, Group policy and industry best practice.
    • Support the business in delivering Group Strategy and be accountable for ensuring that sufficient action is taken to mitigate risks identified or enhance strategic deliverables.
    • Play a leading role in developing robust oversight practices, identifying new approaches that should be embedded and taking personal ownership for implementing necessary changes to drive forward the capability and effectiveness of the Prudential Risk department.
    • Deputise for the Model Risk Business Partner & Oversight Manager when required.

    Skills, Knowledge and Experience:

    • Background within a risk management function in the Banking Sector.
    • Good understanding of modelling approaches in particular Retail Credit/IRB, ALM and Finance.
    • Excellent communication skills, in particular in translating technical concepts and facts into clear understandable written reports for commercial and operational colleagues.


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