Senior Model Risk Audit Manager

London (Greater)
£80,000 - £120,000 + benefits and bonus
10 Mar 2017
09 Apr 2017
Experience Level
Contract Type
Full time, Permanent

Our client, a leading Financial Services Group is looking to appoint a Senior Model Risk Audit Manager to deliver assurance to the Group Board, regulators and the Monitor providing assurance that the Group Model Risk control framework is both designed effectively and operating efficiently.

In this role, reporting to the Head of Model Risk, you will be responsible for continuous monitoring of the business and external environment to identify emerging risk that may require a change of Model Risk audit focus. This will include covering the model development, implementation and usage of models, covered methodologies, calculators, processes and controls. The role will involve significant engagement across the business; building relationships with key stakeholders in Risk, Finance Audit and the wider business. Key priorities will be to maintain Audit Quality standards to meet the expectations of Executive Management, Risk and Audit Committees and regulators as well as understanding the Group strategy and business/functions strategies, plan and operations objectives in order to focus Internal Audit’s work on the highest risks across the bank.

The ideal candidate will be an Actuary and will hold a master’s level education and have a solid understanding of general statistical modelling principles, techniques, applications, data issues, economic intuition behind models and the associated practical modelling risks. Key to the delivery of this role will be the ability to show familiarity with common analytical software packages such as visual basic, SQL, SAS, R, and Matlab. You should have an understanding of major global regulatory frameworks and compliance requirements and be able to demonstrate where you have implemented these frameworks in a previous role. You will be able to demonstrate strong leadership experience; strong stakeholder management experience and gravitas with the ability to influence at all levels.