Model Validation Manager

Business Unit:  Group Risk, Model Risk Management Career Direction: Utilising our Data Role Focus: Risk and Financial Modelling | Peer Group: Management and Senior Specialist B Salary range: circa £75,000 DOE Location:  UK, Remote Contract type: Permanent, full time 

Our Team

Ensuring we have robust Model Risk Management frameworks in place is essential for us to comply with complex regulations and increasing regulatory expectations. We provide and evidence oversight in the form of independent validations, reviews, and challenge model development activities. We ensure we adhere to frameworks and policies by supporting identification and remediation of gaps in compliance.

We are looking to fill a Model Validation Manager position in Independent Model Validation. As part of the team, you'll help to secure the foundations of our business decisions by providing effective leadership of quantitative and qualitative validations across our model landscape.

What you'll be doing

• Lead and perform end-to-end model validations of new and revised models to ensure models are fit for purpose
• Lead a small team of model validators covering an array of model types and performing highly analytical validations
• Provide industry and statistical expertise to inform the discussion between Model Validation and Model Development during the model build and model review process
• Communicate complex technical subject matter clearly and concisely, both verbally and through written communication
• Produce qualitative and quantitative analysis for executive-level reports
• Utilise your technical skills in data manipulation and extraction

We need you to have

• Significant experience with model development and/or model validation in some of the following areas: IFRS 9, Stress Testing, Climate Risk, IRB
• Leadership skills and people management skills
• Highly analytical with a numerate degree or equivalent technical experience
• Proficiency in programming languages such as SAS/Python/R/SQL
• Excellent written and oral communication skills. Ability to articulate complex technical concepts to non-technical specialists
• Ability to effectively prioritize and manage multiple projects and deadlines

It's a bonus if you have but not essential

• Technical knowledge of Model Risk Management and Capital Requirement Regulation
• Adept at engaging with leadership and key stakeholders to drive consensus and action
• Experience of leading a team in a fast-paced environment including effective resource management, positive behaviours, and performance coaching/development to build capabilities

Red Hot Rewards  

• Generous holidays - 38.5 days annual leave (including bank holidays and prorated if Part–Time)?plus the option to buy more. 
• Up to five extra paid well-being days per year.? 
• 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt.? 
• Market-leading pension.  
• Free private medical cover, income protection and life assurance.  
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.? 

And there's no waiting around, you'll enjoy these benefits from day one. 

If we're lucky to receive a lot of interest, we may close the advert early. Please ensure to submit your applications as soon as possible.  

Say hello to Virgin Money 

Virgin Money is so much more than just a bank. As part of the Nationwide group,?together we're the UK's first full-service mutual bank serving millions of retail and business customers and all driven by our purpose ; Banking but fairer, more rewarding and for the good of society. With us, you'll be part of an organisation uniquely positioned to make a difference to the lives of customers, communities and broader society and embark on a collaborative, customer obsessed, and fun-filled career journey. Embrace the weekdays, enjoy fantastic perks, and make a meaningful positive difference. Time to discover what it means to be part of the first mutual full-service banking provider.  

Be yourself at Virgin Money 

At Virgin Money, we celebrate everyone. We have fun, think big, and relentlessly include each other, all in pursuit of our purpose: Banking - but fairer, more rewarding, and for the good of society.?? We're committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.?  

As a Disability Confident Leader, we're committed to removing any obstacles to inclusion.  If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team 

Please note: If we receive a high volume of eligible applications, we may need to prioritise candidates whose skills and experience most closely align with the role, while still ensuring fair and equitable consideration for all applicants.

Now the legal bit Although some of our roles allow you to be based anywhere in the UK, we'll need you to confirm you have the right to work in the UK. 

If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks -?we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.?