Model Validation Analyst | Barclay Simpson
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Model Validation Analyst

  • Remote
  • £55000 - £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 a team of 5.   Currently, most of the firms model validation is provided by an external firm and the person they hire into this role will be part of the “in-sourcing” of this activity.

The firm offer fully remote and flexible working and employee’s can be based anywhere in the UK.

Key Responsibilities:

  •  Support independent validation of credit risk models (A-IRB models, IFRS9, Loss forecast models
    and Scorecards):
    o Review numerical implementation of model design choices and assumptions
    o Review and validate any external data used in internal models
    o Ensure models are validated in line with UK regulatory requirements
    o Prototyping challenger models to strengthen independent validation outcomes when
    • Support the validation of other models as required, such as finance, pricing, and treasury.
    • Produce monthly reports of key model risk/validation metrics
    • Assist in the resolution of audit findings
    • Participate in the review and enhancement of internal standards and policies
    • Conduct / support reviews of Atom’s data infrastructure.
    • Track and provide oversight of remediation activities of validation findings
    • Make recommendations on risk appetite metrics, limits and KRIs feeding into management and
    governance reporting

​Key Requirements:

  • Degree in a numerate discipline with a high degree of statistics or comparable qualification.
  • Model validation experience in the UK financial services sector in credit risk modelling
  • Specific experience of developing or validating A-IRB and IFRS9 models for UK residential mortgages
  • Reviewing numerical implementation of model methodologies and assumptions
  • Experience of data analysis tools, such as R or similar.
  • Working knowledge of statistics and econometrics.

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.