Model Validation Manager &Ndash; Risk

Business Unit: Group Risk, Model Risk ManagementSalary range: GBP54,800 – GBP68,500 per annum DOE + red–hot benefitsLocation: Remote – work from anywhere within the UKContract type: 2x Permanent
Give your career some Virgin va–va–voom
Our Team
Ensuring we have robust Model Risk Management frameworks in place is essential for us to comply with complex regulations and increasing regulatory expectations. As a firm that is now part of the Bank of England's Solvency Stress Test, the use and controls around models is more important than ever. This is where our team comes in! We provide and evidence oversight in the form of independent validations, reviews, and challenge model development activities. We ensure we adhere to frameworks and policies by supporting identification and remediation of gaps in compliance.
As our team is expanding, we are looking to fill 2 Manager positions in Independent Model Validation. As part of the team, you'll help to secure the foundations of our business decisions by providing effective leadership of quantitative and qualitative validations across our model landscape.
What you'll be doing
Leading and supporting a team of expert model validators covering an array of model types and performing highly analytical validationsEnd–to–end managing of validations of new and revised models to ensure models across the business are fit for purposeProviding statistical expertise to inform the discussion between Model Development and Model Risk Management in the model build and model review processUtilising your technical skills in data manipulation and extractionGenerating Model Validation reports and ensure that validation actions are followed through to a resolutionPresenting Model Validation findings to technical forums and through governance committees. Tailoring the material presented to the audience when required to ensure appropriate understanding and appreciation of issuesApplying the adoption of best practice approaches to Model Validation, including influencing frameworks to continually enhance the validation processProviding expert–level input and challenge into model and strategy developments and changes throughout the model lifecycle. We need you to have
Significant experience with model development and/or Model Validation in some of the following areas: IRB, IFRS 9, Stress Testing, Climate Risk, Fraud, Financial CrimeHighly analytical with a numerate degree or equivalent technical experienceAdvanced knowledge of at least one programming language, e.g., SAS/Python/R/SQLExcellent written and oral communication skills. Ability to articulate complex technical concepts to non–technical specialistsLeadership skills and people management skills It's a bonus if you have but not essential
Knowledge of machine learning and artificial intelligence modelling techniquesTechnical knowledge of Model Risk Management and Capital Requirement RegulationExperience of leading a team in a fast–paced environment including effective resource management, positive behaviours, and performance coaching/development to build capabilities. Red Hot Rewards
Generous holidays – 38.5 days annual leave (including bank holidays and prorated if Part–Time) plus the option to buy moreUp to five extra paid well–being days per year 20 weeks paid, gender–neutral family leave (52 weeks in total) for expectant parents and those looking to adopt Market–leading pensionFree private medical cover, income protection and life assuranceFlexible benefits include Cycle to Work, wellness and health assessments, and critical illness Ability to work anywhere in the UK (where the role allows) And there's no waiting around, you'll enjoy these benefits from day one.
Feeling insatiably curious about this role? Apply as soon as you can. If we're lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
Say hello to Virgin MoneyWe're making great strides towards achieving our ambition of becoming the UK's best digital bank. As a full–service digital bank with a heritage stretching back over 180 years, we re a workforce to be reckoned with. We're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We strive to create positive experiences for our millions of customers and our purpose, 'Making You Happier About Money', underpins everything we do. We believe in doing banking differently, innovating and working together to make a real difference. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.
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As a Disability Confident Leader, we're committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team
Now the legal bitLiving A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.
If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre–employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.