Average Modelling Manager salary in Leeds

Looking for a new opportunity with a highly respected financial institution? My client is one of the leading building societies in the UK, and we're currently seeking a talented and experienced Senior Model Validation Analyst to join their growing Risk team As a mutual organisation, they're owned by their members and are dedicated to providing the best possible service to customers. They've built a reputation for excellence, and are looking for someone who shares the commitment to quality and innovation. My client are a progressive and forward-thinking employer, and successfully adapted to remote working during the pandemic. While this role is based at their Head Office in Yorkshire, they are open to discussing flexible working arrangements that suit your needs. They offer a range of benefits to their colleagues, including a generous pension contribution and bonus scheme, a health cash plan, an employee assistance program, and a rail season ticket scheme. They are committed to supporting their employees' personal and professional growth, and we offer a range of opportunities for training and development. As a Senior Model Validation Lead you will be responsible for: Leading the regular independent validation of the The clients strategically critical, highly material models. This includes scoping of validation activities, completion of quantitative and qualitative validation tests, preparation of validation reports and communication of outputs to senior committees and stakeholders including Model Governance Committee, Board Risk Committee and ExCo. Validation activity will cover the spectrum of the data science lifecycle, from data quality monitoring to model design, statistical performance assessment, model deployment and performance monitoring.Leading the development, implementation, and maintenance of an effective, efficient, and regulatory compliant model risk framework. This includes the Model Risk Appetite, the Model Risk Policy, Model Inventory, Model Standards.Building and maintain strong relationships across the business, being recognised as a highly credible individual who can communicate complex concepts in a simple to to understand way.Providing data science expertise and consultancy to other analytical areas through effective business partnering.Maintaining an appropriate breadth and depth of technical knowledge through the development of a strong external network in relation to data science techniques, validation approaches and regulatory compliant governance frameworks. Maintaining a detailed knowledge of prevailing and emerging regulation in respect of Advanced Internal Ratings Based Approach lender requirements, accountancy standards and any other relevant regulation.Coordinating The clients-wide activity for the annual Advanced Internal Ratings Based Approach attestation, including documentation of outputs.Leading a team through matrix management, providing guidance and constructive challenge.Creating the delivery plan for key areas of focus. Monitor progress against plan and manage stakeholder expectations effectively. What Do We Need From You? Qualifications Educated to degree level in a mathematical / analytical subject. Skills An effective leader of analytical functions creating delivery / resource plans and coaching Analysts / Leads to delivery within pre-agreed timelines.Excellent Data Science skills, covering the full spectrum of the analytics lifecycle.An ability to critically analyse and validate complex statistical models across a range of business areas, utilising a balance of business and regulatory knowledge combined with statistical rigour. An ability to communicate complex, technical information to non-technical audiences clearly, succinctly and with impact in both written and verbal form.An advanced user of at least one of Excel, SAS, Python, R or SQL, with an aptitude and enthusiasm for learning other analytical tools. Knowledge Knowledge of a range of model validation techniques and approaches (from desktop review to completion of relevant statistical tests and/or the creation of challenger models).Knowledge of the prevailing and emerging prudential regulatory environment in which the clients operate. This includes knowledge of the Capital Requirements Directive (inclusive of the Standardised and IRB Approaches to Regulatory Capital), the implications of IFRS 9 for a retail mortgage lender and the PRA requirements associated with model governance.

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.

Model Risk Oversight Manager- Yorkshire (Hybrid)- up to £75K My Client is on the search for a Model Risk Oversight Manager for a 12 Month FTC position in Yorkshire. The candidate will 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 is 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.   Key Responsibilities: -    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. Key Requirements: 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 If interested, send your CV to Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities. If you would like this job advertisement in an alternative format, please contact MERJE directly.