Company:
CV-Library
Location: Edinburgh
Closing Date: 31/10/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
Join us as a Credit Model Risk Validation Officer
This is an opportunity for a passionate and driven risk specialist to join us
We’ll look to you to review and validate credit models across all business units and legal entities
It's an ideal role to gain detailed exposure to the developing world of model risk, as well as to a range of stakeholders and senior executives
What you'll do
This role will see you undertaking data analysis to make sure that risks are adequately highlighted as well as assessing the models’ compliance with regulations, internal policies and standards. We’ll also look to you to perform sensitivity analysis to assess the adequacy of modelling or data assumptions, documenting all the analysis in a succinct and clear manner.
Your responsibilities will also include:
Completing validation activities to agreed timescales to make sure that appropriate controls are established and consistently followed
Undertaking in-depth assessments of the models’ subcomponents, making sure models are fit for purpose for their designated use
Making sure that model risk management aligns with our model risk policy, and undertaking model risk assessments to identify potential risks
Providing expert advice on aspects of risk management, including providing senior executives with relevant validation findings and reports, escalating concerns where appropriate
Building the team’s capabilities and improving validation processes
The skills you'll need
We’re looking for someone with a quantitative degree and experience of developing, reviewing, validating and implementing analytical credit risk measurement tools covering IRB, IFRS9 or credit stress-testing models. You should have a sound understanding of Basel requirements and a good working knowledge of Python.
We’ll also expect:
Knowledge of IFRS9 standards
The ability to communicate, both verbally and in writing, to senior colleagues
Strong Excel, PowerPoint and Word skills
Excellent attention to detail
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