Model Risk Oversight Manager

Job Location	Leeds
Education	Not Mentioned
Salary	£70,000 per annum, negotiable
Industry	Not Mentioned
Functional Area	Not Mentioned
Job Type	Permanent, full-time or part-time

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 understandingkey 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 influentialto 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 accountablefor 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.

Skills, Knowledge & 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 translating technical concepts and facts into clear understandable written reports for commercial and operational colleagues.

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