Senior Model Risk Manager

Job Description

-About the role Our newly formed Model Risk team is growing and you can be a part of that!We have an opportunity for two Model Risk experts to join the Risk team. As a Senior Model Risk Manager, you will support the Head of Model Risk to deliver a robust group wide model validation function, establishing best practice in the design, management,validation and use of material models across the Group.What youll be doing

• Model Validation framework - in conjunction with the Head of Model Risk manage and maintain the Group Model Risk Framework
• Subject matter expert on statistical modelling
• Provide thought leadership to the Head of Model Risk, CRO and the Company Secretariat to ensure an appropriate governance structure is in place
• Model Validation - provide effective challenge to model assumptions, mathematical formulation, and implementation across HL business lines
• Model support - Drive stakeholder interaction with model developers and business owners during the model lifecycle
• Carry out validation of specific models. Key models will include: capital, liquidity, stress testing, client insight, wealth and fund management
• Be accountable for day to day activities including maintenance, regular update and accuracy of the model register and the management of the validation schedule
• Assess and quantify model risk due to model limitations to inform stakeholders of their risk profile and development of compensating controls
• Shape the model risk strategy, and provide expertise cross-functional initiatives within the model risk organisation
• Own and present model validation findings to Accountable Executives and executive level committees

About you

• Experienced delivering at a senior level, in a role with a similar governance model.
• Demonstrable experience of modelling for ICAAP/ICARA, modelling for wider decision-making and the core techniques within a validation role.
• Significant experience of providing quantitative analysis to stakeholders
• Broad stakeholder management skills with an ability to lead technical experts.
• Operate professionally with integrity and discretion, able to manage sensitive data appropriately
• Solution focused mindset - with the ability to use own experience to develop innovative solutions and resolve complex issues
• Strong experience of using the outputs from modelling activity as an input to risk profile reporting
• Specialist knowledge of model governance regulatory and industry best practice expectations.
• Good understanding of Financial Services, in particular the Wealth industry
• Excel expert, in addition to significant programming skills: R, Python, Matlab, SAS, R, Java, Oracle and SQL.
• MSc. / PHd. level in numerate subject attractive

Interview processTwo stage process.Working ScheduleWe are based in Bristol, BS1 5HL. This role is a permanent role and full time. We have returned to the office, however for this role we offer a hybrid flexible working pattern to enable you the option of working from home and coming into the office.Why UsHere at HL, were the UKs number 1 investment platform for private investors, based in Bristol. For more than 40 years weve helped investors save time, tax and money on their investments.To achieve our mission, we believe we have a workplace like no other, with constant learning, dynamic teams, and a great ethos. Were steered by core values that promote service, quality, innovation, and opportunity in everything we do.Whats on offer

• Discretionary annual bonus & annual pay review
• 25* days holiday plus bank holidays and 1-day additional Christmas closure time
• Option to purchase an additional 5 days holiday per year
• Flexible working options available, including hybrid working
• Pension scheme up to 11% employer contribution
• Sharesave scheme - have a real stake in HLs future
• Income Protection & Life insurance (4 x salary core level of cover)
• Health care cash plans - including optical, dental, and out patientcare
• Help@hand and an Employee Assistance Programme
• Gympass - gym memberships and wellbeing apps available
• Variety of travel to work schemes with free bike storage and shower facilities
• An inhouse barista serving subsidised coffee and snacks
• Join HLs sports, I&D networks and volunteering groups (two paid volunteering days per year)
• LifeWorks Discounts on services, restaurants and retailers* up to 30 days depending on role level & increasing with length of service

We know that sometimes people can be put off applying for a job if they dont tick every box. If youre excited about working for us and have most of the skills or experience were looking for, please go ahead and apply. Wed love to hear from you!Hargreaves Lansdown is an inclusive employer that values diversity in its workforce. We encourage applications from all individuals without regard to race, religion, gender, sexual orientation, national origin, disability or age.This role may also be available on a flexible working or part time basis - please ask the Recruitment & Onboarding team for more information.Please note, we are unable to provide employment sponsorship to candidates.