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Model Validation Analyst

  • London
  • £50000 - £65000

Barclay Simpson are pleased to be representing a specialist mortgage bank in their search for a Model Validation Analyst.  Sitting in the group risk office, this is a newly-created role and part of a firm wide strengthening of the risk management capabilities, and in particular driven by the ongoing IRB application.  The successful applicant will be tasked with performing the validation of a range of models, primarily credit risk but also treasury risk, as part of an dynamic and experienced team.

Key Responsibilities:

  • Validation of models across all aspects of the model lifecycle. This will include assessing the appropriateness of the data utilised, the methodologies, the performance of the model, the clarity of the model documentation, appropriateness of model monitoring, and the use of the model.
  • Supporting the Model Governance and Validation team in improving polices, standards and practices across the group.
  • Management and engagement of stakeholders across the organisation to ensure effective model risk management practice is embedded.
  • Working with external consultancies to supplement and expand validation capability and expertise.
  • Maintaining the company’s compliance standards and ensure timely completion of all mandatory on-line training modules and attestations.

​Key Requirements:

  • Demonstrable experience working within a similar model validation or model development related role.
  • Experience of credit risk models including IFRS 9, preferably obtained within an IRB accredited / aspirant firm.
  • Experiences of utilising quantitative analysis.
  • Advanced use and application of data modelling and data analysis software: specifically SAS, WPS or similar.
  • Up to date knowledge of PRA and EBA requirements are essential, including IRB requirements.

We seek individuals from a diverse talent pool and encourage applicants from underrepresented groups to apply to our vacancies. Our commitment to fair recruitment processes means that we welcome applicants from all backgrounds, regardless of their lived experience or personal characteristics. We also invite applicants who meet most of the listed requirements, even if not all, to apply. If you require any adjustments to the application process, please let us know.

Barclay Simpson acts as an Employment Agency for permanent positions and an Employment Business for temporary/contract engagements.