Key Highlights
* Offers freedom to challenge existing approaches and develop new methodologies
* Offers variety across different projects, from IRB, IFRS9 and internal operational models applying innovative validation techniques
* Join a supportive and collaborative team in this high-profile 12-month fixed term role
Associate Director, Risk Frameworks, Execution and Models Team position responsible for shaping strategic model risk validation approach.
Responsibilities
* Lead independent validation of IRB and other credit risk models (credit decisioning, PiT provisioning etc.) to assess conceptual soundness, data quality, calibration, performance testing, benchmarking and sensitivity analysis.
* Oversee validation assessment of model performance through the cycle, including drift, instability, bias, portfolio and segment‐level outcomes.
* Provide credible challenge where outcomes diverge from expectations or risk appetite.
* Ensure validation conclusions are reflected in capital usage and RWA outcomes, credit decisioning frameworks, limitations, overlays, and monitoring requirements.
* Partner with model owners to ensure findings are remediated appropriately.
* Act as Line 2 technical authority on credit model validation matters, supporting regulatory reviews, deep dives, and supervisory engagement.
* Support more junior credit validation specialists.
Qualifications
* Previous experience in banking/financial services, model development/validation, credit risk, quantitative modelling or governance roles.
* Strong statistical and economic modelling skills, with essential coding languages (Python, SAS).
* Strong engagement and influencing skills with ability to work closely with multiple stakeholders and convey complex ideas clearly.
* Understanding of how models affect credit decisions, capital, provisioning, stress testing, pricing, fraud detection, remediation, and markets and treasury models.
* AI/ML awareness and understanding of regulatory environment related to AI/GenAI/model use.
* Excellent strategic thinking, resilience, autonomy, and a customer focused mindset.
* Strong written communication skills, able to write detailed validation reports with analytical evidence.
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