Model Risk Oversight Manager

Sanderson Recruitment Plc

Posted on Feb 9, 2024 by Sanderson Recruitment Plc
Leeds, Yorkshire, United Kingdom
Accountancy
Immediate Start
£70k - £70k Annual
Full-Time

Commercial Responsibilities:

  • Interactions with Group Risk Committee (GRC) and Executive Risk Committee (ERC) to escalate material findings identified through monitoring reviews.
  • Engagement with key business stakeholders right through to the Chief Officer level.
  • Engagement with the regulator (PRA) on outcomes of thematic reviews.

Role Specific Accountabilities

  • Act as a subject matter expert and take the lead to deliver the thematic Model Risk reviews.
  • Apply expertise to conduct reviews which deliver insightful, accurate and meaningful findings to support the 2LoD Model Risk Oversight Business Partner in understanding key model risks.
  • Responsible for leading the engagement with key business stakeholders and divisions on thematic reviews.
  • Be highly effective at providing clear advice, challenge and expertise on a range of complex issues right up to Chief Officer level, be influential to effectively manage stakeholder (including Chief Officers) buy-in to agree proportionate remedial actions for any issues identified. Attend ERC/GRC (the designated Board Risk Committee) to present material findings or escalate areas of dispute.
  • Contribute to and support the business to act upon the findings from second line thematic reviews to ensure compliance to relevant regulations, Group policy and industry best practice.
  • Support the business in delivering Group Strategy and be accountable for ensuring that sufficient action is taken to mitigate risks identified or enhance strategic deliverables.
  • Play a leading role in developing robust oversight practices, identifying new approaches that should be Embedded and taking personal ownership for implementing necessary changes to drive forward the capability and effectiveness of the Prudential Risk department.
  • Deputise for the Model Risk Business Partner & Oversight Manager when required.

Skills, Knowledge & Experience

  • Background within a risk management function in the Banking Sector.
  • Good understanding of modelling approaches in particular Retail Credit/IRB, ALM and Finance.
  • Excellent communication skills, in particular translating technical concepts and facts into clear understandable written reports for commercial and operational colleagues.


Reference: 2713766967

https://jobs.careeraddict.com/post/87895556

This Job Vacancy has Expired!

Sanderson Recruitment Plc

Model Risk Oversight Manager

Sanderson Recruitment Plc

Posted on Feb 9, 2024 by Sanderson Recruitment Plc

Leeds, Yorkshire, United Kingdom
Accountancy
Immediate Start
£70k - £70k Annual
Full-Time

Commercial Responsibilities:

  • Interactions with Group Risk Committee (GRC) and Executive Risk Committee (ERC) to escalate material findings identified through monitoring reviews.
  • Engagement with key business stakeholders right through to the Chief Officer level.
  • Engagement with the regulator (PRA) on outcomes of thematic reviews.

Role Specific Accountabilities

  • Act as a subject matter expert and take the lead to deliver the thematic Model Risk reviews.
  • Apply expertise to conduct reviews which deliver insightful, accurate and meaningful findings to support the 2LoD Model Risk Oversight Business Partner in understanding key model risks.
  • Responsible for leading the engagement with key business stakeholders and divisions on thematic reviews.
  • Be highly effective at providing clear advice, challenge and expertise on a range of complex issues right up to Chief Officer level, be influential to effectively manage stakeholder (including Chief Officers) buy-in to agree proportionate remedial actions for any issues identified. Attend ERC/GRC (the designated Board Risk Committee) to present material findings or escalate areas of dispute.
  • Contribute to and support the business to act upon the findings from second line thematic reviews to ensure compliance to relevant regulations, Group policy and industry best practice.
  • Support the business in delivering Group Strategy and be accountable for ensuring that sufficient action is taken to mitigate risks identified or enhance strategic deliverables.
  • Play a leading role in developing robust oversight practices, identifying new approaches that should be Embedded and taking personal ownership for implementing necessary changes to drive forward the capability and effectiveness of the Prudential Risk department.
  • Deputise for the Model Risk Business Partner & Oversight Manager when required.

Skills, Knowledge & Experience

  • Background within a risk management function in the Banking Sector.
  • Good understanding of modelling approaches in particular Retail Credit/IRB, ALM and Finance.
  • Excellent communication skills, in particular translating technical concepts and facts into clear understandable written reports for commercial and operational colleagues.

Reference: 2713766967

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