Risk, Balance Sheet Management
Model Risk Oversight Lead Manager - Model Validation
Job ID: 010044
Location: Leeds, UK, LS1 8EQ
Job type: Permanent - Full Time
Salary: Competitive salary
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Model Risk Oversight Lead Manager Model Validation
YBS is going through a transformation journey and with this, our Risk teams are growing to ensure we can support and protect the Society. We have created some new vacancies in our Prudential Risk team to oversee our Model Risk and this position is one of these new roles.
We are looking for someone to join the team as a Model Risk Oversight Lead Manager to be an subject matter expert in model validation for our colleagues up to Board level and externally to the regulator.
About the Role
You will be responsible for leading the expanded 2nd line Credit Risk Model Validation team, with a focus on models employed including (but not limited to) the IRB Rating system, IFRS 9, Stress Testing and Scorecards, and you will be part of a Model Risk Oversight team responsible for models across the whole organisation.
Through your leadership of the team, you’ll provide independent insight and oversight on the design, implementation and model use to the Society’s Model Risk Committee, ensuring that all activities operate within the Society’s risk appetite and comply with internal policies and all regulatory standards / guidance.
You will be partnering with key business stakeholders and divisions to drive the embedding of Model Risk and EUC risk best practice in YBS, acting as a key strategic enabler for Model Risk to enable the business to better understand and manage the associated risk profile.
About You
You must have a background within risk management within the banking sector, with a good understanding of credit risk modelling approaches, and providing model validation across Credit Risk models, in particular Internal Ratings Based Capital Modelling, which will be a key focus area for the team in the next 2 years.
Due to the level of stakeholders you will be working with you must have excellent communication skills and be able to translate technical concepts and facts in to clear and understandable information for colleagues.
About Our Benefits
Everyone’s different. That’s why we offer a wide range of benefits and rewards that we think you’ll love – whatever’s important to you, and whatever stage of life you’re at. Such as…
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Our pension scheme (where you can get up to 11% from us)
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On target bonus of 7% (with the opportunity to earn up to a maximum 15%)
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Access to brilliant health benefits
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Life assurance at 6 times your salary
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25 days’ holiday (and the option to buy more)
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Cycle to work or an interest-free loan for an annual ticket
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Wellbeing resources and tools
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Retail and Leisure discounts
Learning & Development
Everyone can build a career path they love here. And that’s because we offer a wide range of programmes, opportunities and more to help you learn, grow, and develop – and reach your full potential.
These include...
- Personal Growth Toolkits - a range of materials that help you discover your strengths, identify your goals, and your next steps.
- Secondment and Stretch opportunities – helping you gain experience in different areas of our business and new ways of working.
- Learning Champion Network – opportunities to work outside of your immediate area and build new skills.
- Apprenticeships and Professional Qualifications – a range of brilliant apprenticeships and programmes available to everyone.
- REACH Diverse Leadership Programme – helping our Black, Asian and Ethnically Diverse leaders progress into senior leadership roles.
Our ways of working and flexibility
We know there’s no single right way of working that fits everyone. That’s why we’re not trying to find one. Instead, we’re doing everything we can to make sure that when we’re working flexibly, together and apart, we’re working at our best. We help our colleagues get the most out of work, and take care of themselves, wherever they’re working.
We offer a range of flexible working options without unsocial hours, which can help you find a healthy work-life balance. Whether it’s finishing early for an appointment or fitting your studies and hobbies in around your working hours, we can help make it work for you. We’re happy to talk flexible working and you can reach out to us anytime during the recruitment process to discuss this.
Find out more about our Ways of WorkingOur Colleague Networks & Groups
Our Vision is to be a leading organisation that embraces diversity, champions equity, and creates an inclusive environment where all individuals regardless of their background or identity feel valued, empowered and supported.
Our Colleague Networks and Groups are designed to amplify the voices of diverse groups and provide a structured route to effect real change. They provide a safe space and use colleague feedback to support the progression of our DEI Strategy. Our eight networks and groups are:
Our commitments to Community and Charity
Ever since we started back in 1864, we’ve had a clear purpose – to do some good in our communities through helping people keep their savings safe. And helping everyone have a place to call home. Today, that purpose is still a huge part of who we are. And every one of our colleagues helps that happen.
We’re committed to volunteering our time, resources, skills and knowledge – more than 50% of colleagues contribute to thousands of volunteer hours every year. And our Charitable Foundation has now donated over £9 million to charities and good causes across the country.
Read more about our commitment to charity and our communitiesSimilar Roles
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