Model Validation Specialist at Virgin Money
Birmingham B12 0TX, , United Kingdom -
Full Time


Start Date

Immediate

Expiry Date

10 Aug, 25

Salary

49000.0

Posted On

11 May, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Good communication skills

Industry

Financial Services

Description

Business Unit: Group Risk, Independent Model Validation
Salary range: £39,200 - £49,000 per annum DOE + red-hot benefits
Location: UK Flexible
Contract type: Permanent

Responsibilities
  • Supporting the validation of new and revised mathematical models to ensure models across the business are fit for purpose
  • Providing assurance on compliance with the regulatory requirements we work within
  • Assisting with credit risk IFRS 9/Stress Testing models and the opportunity to be involved with IRB, Pricing, Op Risk, Climate Risk or other models
  • Engaging with model owners, gathering materials for analysis, challenging model performance or development and documenting findings
  • Utilising your technical skills in data manipulation and extraction, assessing and comparing data from a variety of sources
  • Generating model validation reports and ensure that validation actions are followed through to a resolution
  • Supporting the continuous learning and development of a best practice modelling culture within the bank
  • Offering insight and recommendations that contribute to achieving best in class risk models.
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