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Model Risk Oversight Manager - FTC

  • Posted April 9, 2024
  • Up to £70000 per annum + Hybrid Working
  • Leeds
  • Contract

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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    Regulatory Conduct Advisory Manager - 6 Mth FTC

    • Posted March 28, 2024
    • £43000 - £65000 per annum + 6 Mth FTC
    • Edinburgh
    • Permanent

    Regulatory Conduct Advisory Manager

    Edinburgh (Hybrid)

    6 Mth FTC

    £43k – £65k

    An incredible opportunity to join a well renowned Financial Services company as a Regulatory Conduct Advisory Manager.

    The role will be supporting first line conduct advice across both lending and savings. A key part of this role will be engaging with senior stakeholders, respectfully challenging and influencing decision making.

    You should bring:

    • Significant experience within a similar role within retail banking experience or good knowledge of retail banking products
    • Financial Services experience is essential.
    • Must be able to challenge stakeholders when required and justify reasoning
    • Knowledge of data protection regulation would be advantageous
    • Must be able to work autonomously
    • Must have experience of CONC, BCOBS, SYSC, DISP
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      technology job

      Head of Compliance

      • Posted March 15, 2024
      • £100000 - £110000 per annum
      • London
      • Permanent

      Head of Compliance

      Industry: Financial Services – Payments/ FX
      Hybrid working

      £100,000 per annum

      Role overview:

      As Head of Compliance and MLRO you will be responsible for the Compliance and Risk Frameworks, working directly with the Managing Director. The role includes hands on involvement in Compliance and AML processes including onboarding and transaction monitoring.

      THE ROLE:

      • Maintain and develop the compliance framework of policies, procedures, systems and controls ensuring these remain in line with regulatory requirements, risk appetite and operationally effective
      • Managing and developing the risk based approach through the company risk assessment and client risk assessment, including identifying and assessing new and emerging money laundering risks to the company and their relevant mitigation’s
      • Ensuring all regulatory reporting is accurate, complete and submitted promptly and acting as the primary contact for all contact with regulatory and law enforcement bodies
      • Receiving and investigating all internal Suspicious activity reports (SAR) raised and if appropriate raising externally with the National Crime Agency (NCA) in a timely manner
      • Monitoring, reviewing and approving transactions identified for review and setting client trade limits
      • Produce regular compliance reports and represent the compliance function at senior management meetings
      • Conducting due diligence reviews and client approvals on all new clients and on a periodic basis of existing clients.

      HOW TO APPLY:

      Email your CV or use the apply feature on this page. Email: [email protected]

      KEY SKILLS: Compliance, MLRO, FCA Handbook, Regulatory, Governance, Payments, FX

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        technology job

        Credit Risk Portfolio Manager

        • Posted
        • £50000 - £70000 per annum
        • Manchester City Centre
        • Permanent

         

        Job Title: Credit Risk Portfolio Manager

        Salary: £70,000 per annum

         

        Benefits:

        Competitive salary of £70,000

        Opportunities for career advancement

        Comprehensive benefits package

        Dynamic and collaborative work environment

        Cutting-edge tools and technologies

        Job Description:

        As a Credit Risk Portfolio Manager, you will play a pivotal role in overseeing the Credit Risk Portfolio, ensuring its stability and profitability. The Credit Risk Portfolio Manager will be responsible for supporting the team to deliver reports and data to the business, utilizing various tools and programming techniques. Reporting directly to senior management, the Credit Risk Portfolio Manager will develop meaningful MI to monitor credit performance, keeping abreast of new and emerging techniques and technologies for data analysis.

        Responsibilities:

        Support the team to deliver reports and data to the business

        Develop meaningful MI to monitor credit performance

        Utilize various tools and programming techniques

        Keep abreast of new and emerging techniques and technologies for data analysis

        Maintain knowledge of economic environment and market conditions

        Create real-time interactive dashboards for timely decision-making

        Oversee another Analyst on the team

        Champion best practice and promote Company’s values and culture

        Required Skills:

        Inquisitive, logical, and passionate about data

        Maths-based degree or equivalent

        Demonstrable experience in modelling and coding in R, Python, SAS, or equivalent

        Ability to create real-time interactive dashboards

        Strong documentation skills for reports and dashboards

        Experience overseeing a team or mentoring junior analysts

        If you are a driven and analytical individual with a passion for credit risk management, this is an excellent opportunity for you to take the next step in your career. Apply now to join our client’s dynamic team as a Credit Risk Portfolio Manager and make a significant impact within their organisation.

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