Credit Model Risk Validation Officer

Company:  NatWest
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
Apply Now
Share this job
NatWest
  • Similar Jobs

  • Credit Model Risk Validation Officer

    Edinburgh
    View Job
  • Credit Model Risk Validation Officer

    Edinburgh
    View Job
  • Credit Model Risk Validation Officer

    Edinburgh
    View Job
  • Model Risk Officer

    Edinburgh
    View Job
  • Model Risk Officer

    Edinburgh
    View Job
An error has occurred. This application may no longer respond until reloaded. Reload 🗙