Model Risk Manager

Edinburgh, Bristol, Leeds, London, Newport
£82,539 - £91,710 + benefits
10 Jun 2023
23 Jun 2023
Job Type
Risk, Risk Management
Contract Type
Full Time
End date

Friday 23 June 2023

Salary range

£82,539 - £91,710

We support agile working

Click here for more information on agile working options.

Agile Working Options

Other Agile Working Arrangements / Open to Discussion

Job description

In this role, your key responsibilities will include:
  • Performing risk-based validations and broader reviews to analyse and assess the effectiveness, adequacy, and maturity of the model controls operating across the business
  • Creating proposals for strengthening and simplifying the model risk control environment
  • Providing formal risk opinions to the Executive committees, and detailed briefings to the IP&I Model, Analytics & Data Risk Director and Chief Risk Officer
  • Offering advice, guidance, and independent challenge to key strategic change initiatives
  • Influencing delivery and oversighting the embedding of Model Governance, Internal Model Change, and Data Policies in IP&I in line with Group Strategy and Risk Appetite
  • Analysing thematic review outcomes to derive insights about, and report on the IP&I Risk and control environment
  • Reviewing and responding to regulatory developments, consultations, and requests for information
  • Supporting the improvement of model capabilities, and understanding of the wider model landscape, across IP&I Risk

Key skills/Capabilities:

  • Qualified actuary (or qualified by experience) with experience of model risk management - ideally gained across Line 1 and Line 2 roles
  • Demonstrate strong analytical skills, with experience in problem solving
  • Excellent communicator, both written and verbal, capable of engaging openly and with confidence on complex issues through the gathering of appropriate context
  • Building and influencing positive relationships with the business, whilst demonstrating your credibility through the delivery of constructive challenge
  • Ability to work to tight timescales, and multi-task across competing priorities
  • A dedication to self-development and keeping knowledge up-to-date
  • The ability to interpret complex data flows, model documentation and regulations, and to manage ambiguity and change


  • Experience of working with a variety of model applications, e.g. Prophet, R, Excel, SAS, Python

As a team we work flexibly following a hybrid working model, combining working from home with travel to our offices to align with work activities. Plus, you’ll be part of an encouraging team who work in a variety of flexible ways to accommodate work-life balance.

What will you get in return?

Our team wants you to have the opportunity and support to develop yourself both technically and interpersonally to optimise your potential. We have the scale and breadth to provide you with a diverse range of personal development and a career that’s enriching.

As well as a competitive salary, you can also expect excellent benefits, including a discretionary performance-related bonus, private health cover, share schemes, and a generous pension contribution.

We will be pleased to consider applications from candidates seeking flexible working arrangements.

We have a truly inclusive culture and greatly value the diversity of thought to really make a difference for our customers.

If you have the skills we need to belong to our inclusive team, please get in touch.

Together we make it possible!

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