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Permanent

Model Owner Risk and Compliance

London
money-bag 10000-500000 Annual
2971279025
Posted Yesterday

Our leading banking client is looking for a model owner in risk and compliance to come in on a 3 month contract, with a view to extend beyond this.As a Model Owner - Manager in the Risk andamp; Compliance function, this role has responsibility for the on-going management and control of models in the Risk model suite. With SS1/23 in full swing, this role is critical to the culture transformation around model management, and role holders will demonstrate ''best practice'' for model ownership behaviours.§ Models under management in the Risk area include those for Capital, Provision and Stress testing, Scoring andamp; Rating, and Market andamp; Structural Risk, and others. A strong understanding of these models gained from development or validation experience, or as model users, along with knowledge of model governance and frameworks is required.§ The role supports the model agenda for the Risk area and supports the wider model strategy of the Bank by: o Engaging with stakeholders and model users to understand the purpose and requirements of a model, its expected performance and any remediation actions that may need to be taken;o Managing the model life cycle, working with various teams on the planning, development, review, approval, implementation, use and assurance of models used across Risk;o Maintaining robust management, monitoring and first line control and governance of models owned in Risk, in line with the expectations of the Bank and wider Santander Group;o Executing ..... full job details .....

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