1 to 25 of 71 Model Validation Jobs in the UK

Job Purpose The successful candidate will report to the Head of Model Validation. The purpose of the role is to act as the second line of defence on model risk and to validate the models used in the Bank. The role is an essential part of the Model Validation team. The team’s remit covers all models including a wide range of pricing and risk models. The team is expected to look beyond checking the correctness of the model from a mathematical and implementation perspective. It is essential to provide a robust challenge to modelling … assumptions and to review market applicability issues and appropriateness of data and calibration. Key Responsibilities Model Validation focused on pricing models Validate cross asset class front office pricing and XVA models. Validate the models from a conceptual soundness and implementation perspective. Review the applicability (i.e. the strengths, weaknesses more »

What is the opportunity? The Quantitative Risk team (QR) is part of the EMEA Risk Management team. The QR team is split into the Model Risk Management team (MR) and the Risk Analytics team (RA). MR and RA teams span both MHBK and MHI responsibilities. The Quantitative Risk … Analyst role sits within the Model Risk Management team (MR). On the MHBK and MHI sides, the MR team are responsible for producing independent and accurate model validations and conducting effective model risk management, including appropriate interactions with the trading desk and the overall risk management … teams. The MR team is responsible for recording the MHI model life cycle in Archer Model Risk Management system of record. The EMEA MR team works in collaboration with the MHSC MR and MHSC RA teams (based in Tokyo) on model implementation, assumption and validation topics. more »

What is the opportunity? The Quantitative Risk team (QR) is part of the EMEA Risk Management team. The QR team is split into the Model Risk Management team (MR) and the Risk Analytics team (RA). MR and RA teams span both MHBK and MHI responsibilities. The Quantitative Risk … Analyst role sits within the Model Risk Management team (MR). On the MHBK and MHI sides, the MR team are responsible for producing independent and accurate model validations and conducting effective model risk management, including appropriate interactions with the trading desk and the overall risk management … teams. The MR team is responsible for recording the MHI model life cycle in Archer Model Risk Management system of record. The EMEA MR team works in collaboration with the MHSC MR and MHSC RA teams (based in Tokyo) on model implementation, assumption and validation topics. more »

Job Description Model Validation Quantitative Specialist - London We require a Model Validation Risk Quant with at least 5 to 7 years of experience in IRB risk model validation. The candidate should be experienced in conducting independent model validation and quantification of model risk including necessary communication of key facts and issues identified through those activities. They must have hands on experience of validation and expert level knowledge of validation of models according to the UK regulations (CRR and SS 11/13) and industry best practice. We have vacancies … have retail banking credit systems experience. Must have Experience A track record of validating credit IRB models within retail banking. Experienced in reporting of model risk to management. Good verbal and written communications skills. Knowledgeable in interpreting the CRR and Supervisory Statements (SS 11/13),Knowledgeable in IFRS9. more »

What is the opportunity? The Quantitative Risk team (QR) is part of the EMEA Risk Management team. The QR team is split into the Model Risk Management team (MR) and the Risk Analytics team (RA). MR and RA teams span both MHBK and MHI responsibilities. The Quantitative Risk … Analyst role sits within the Model Risk Management team (MR). On the MHBK and MHI sides, the MR team are responsible for producing independent and accurate model validations and conducting effective model risk management, including appropriate interactions with the trading desk and the overall risk management … teams. The MR team is responsible for recording the MHI model life cycle in Archer Model Risk Management system of record. The EMEA MR team works in collaboration with the MHSC MR and MHSC RA teams (based in Tokyo) on model implementation, assumption and validation topics. more »

The Model Risk & Analytics team provides independent oversight and governance for senior managers of model analytics and their implementation into the risk architecture that drive valuation, risk and stress results. Model Validation as part of Model Risk Management is responsible for the review all derivative … you will be reviewing and analysing derivative models for price and risk of interest Rates, and FX products. Your key responsibilities: Undertaking work on Model Validation research and development projects with aim of testing production models on Interest Rates Derivative, FX, and Hybrids Implementing independent models/products … Your skills and experience: PhD qualification in numerate subject such as Mathematics, Financial Mathematics, Physics or Statistics would be beneficial Significant experience in a Model Validation or Front Office Quant role Excellent mathematical ability with an understanding of Stochastic Calculus, Partial Differential Equations, Monte-Carlo Methods, Finite Difference more »

Model Assurance Framework Engineer Job Description: As a Model Assurance Framework Engineer, you will be tasked with designing, implementing, and maintaining a robust framework to ensure the quality and reliability of our models. You will collaborate closely with our development teams to integrate best practices and standards into … the model development lifecycle. Your responsibilities will include working alongside cross-functional teams to establish processes and methodologies for validating models, identifying risks, and implementing mitigation strategies. Additionally, you will contribute to the continual enhancement of our model assurance framework by remaining abreast of industry trends and emerging … technologies. Key Responsibilities: Develop and implement a comprehensive model assurance framework to guarantee the accuracy, reliability, and compliance of our models. Collaborate with stakeholders to define requirements, establish standards, and design processes for model validation and verification. Design and automate test cases, scripts, and procedures to assess more »

iterative and ongoing development life cycle, as the bank responds to the changing nature of portfolios, economic conditions, and emerging risks. In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. GRA drives innovation, process … setting quantitative work priorities in line with the bank’s overall strategy and prioritization Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation Maintains and … provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite Leads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects more »

The Model Risk Management (MRM) within ERM is responsible for model governance and the validation of models used by the bank in EMEA. This includes, among others, risk models which are used for risk measurement and decision-making purposes. MRM works closely with Risk Analytics and Front … Office quants to ensure that all risk models are validated on a periodic basis as well as at inception and changes. MRM provides regular model risk reporting to model oversight committees and the Board MAIN PURPOSE OF THE ROLE Independent model validation of quantitative methodologies, both … initial and periodic, across all asset classes and model types (derivative pricing models, credit and market risk, capital models, AI models, etc. ) and in line with regulatory requirements and industry best practice. The validation regularly requires an independent implementation of the models and the implementation of alternative challenger more »

Role Overview: The candidate will support in validating models used in IRB (Basel/Capital), IFRS9 Impairment, and Business Model Risk Management. Key Responsibilities: Independent Review: Conduct independent reviews and challenges of models. Technical Analysis: Perform technical and data analyses, benchmarking, and build challenger models if necessary. Reporting: Produce … high-quality validation reports, highlighting limitations, weaknesses, and assumptions. Technical Development: Stay updated with new modelling and validation techniques; contribute to technical presentations for team development. Stakeholder Management: Support the team lead in liaising with model owners, provide high-quality input to modellers, ensure open communication with … stakeholders, and uphold the Group Model Risk Policy. Decision-making: Independently manage projects, interpret deviations, take corrective actions, measure KPIs, and adhere to timelines. Person Specification: Quantitative Skills: Expertise in model validation and risk management, with knowledge of regulatory requirements. Qualitative Skills: Strong leadership and influencing abilities. more »

Role Overview: The candidate will support in validating models used in IRB (Basel/Capital), IFRS9 Impairment, and Business Model Risk Management. Key Responsibilities: Independent Review: Conduct independent reviews and challenges of models. Technical Analysis: Perform technical and data analyses, benchmarking, and build challenger models if necessary. Reporting: Produce … high-quality validation reports, highlighting limitations, weaknesses, and assumptions. Technical Development: Stay updated with new modelling and validation techniques; contribute to technical presentations for team development. Stakeholder Management: Support the team lead in liaising with model owners, provide high-quality input to modellers, ensure open communication with … stakeholders, and uphold the Group Model Risk Policy. Decision-making: Independently manage projects, interpret deviations, take corrective actions, measure KPIs, and adhere to timelines. Person Specification: Quantitative Skills: Expertise in model validation and risk management, with knowledge of regulatory requirements. Qualitative Skills: Strong leadership and influencing abilities. more »

in the UK or Europe This mid sized bank has fantastic opportunities for driven and enthusiastic individual to join them to rebuild their IRB model suite. Contribute to specific model development/remediation projects; Follow rigorous analytical solution and documentation processes and quality standards; Ensure output compliance with … internal and Regulatory requirements; Support engagement with key stakeholders (e.g. Business Model Owners, Model Validation teams, Model Risk teams etc); and Support internal model governance processes; Skills and Experience required; Credit Risk/IRB Modelling expertise is essential; collaboration and communication skills; Critical thinking skills more »

in the UK or Europe This mid sized bank has fantastic opportunities for driven and enthusiastic individual to join them to rebuild their IRB model suite. Contribute to specific model development/remediation projects; Follow rigorous analytical solution and documentation processes and quality standards; Ensure output compliance with … internal and Regulatory requirements; Support engagement with key stakeholders (e.g. Business Model Owners, Model Validation teams, Model Risk teams etc); and Support internal model governance processes; Skills and Experience required; Credit Risk/IRB Modelling expertise is essential; collaboration and communication skills; Critical thinking skills more »

managing a dedicated portfolio. This role will focus on retail and corporate credit risk provided expert advice in scorecard methods, internal ratings-based models, model validation, as well as UK and European regulatory standards. Our team is work together in collaboration to deliver a variety of assignment and … initiatives. You’ll be someone with Strong professional interest in the fields of retail and corporate credit risk, scorecard methods, internal ratings-based models, model validation, as well as UK and European regulatory standards underpinning these areas. Significant credit risk experience gained ideally from a major financial institution more »

both AVP and VP level professionals to compliment the existing team. What you'll be doing: Support the development, implementation, and delivery of the Model Risk Management Framework across EMEA region. Engage with Model Owners, Model Developers, and the Validation Team to ensure that all items … subject to the Model Risk Management Framework are captured and appropriately managed. Estimate the regulatory capital by actively participating in the Internal Capital Adequacy Assessment Process (ICAAP). Produce portfolio analytics covering capital contribution for both Economic Capital and Regulatory Capital. You must have: Experience in Quantitative Analysis, Model validation or Development within a corporate & wholesale or investment bank. Working knowledge of SQL and other programming language (R, SAS, Python etc.) BSc/MSc Degree in a quantitative field (Finance, Mathematics, Economics, Engineering etc.) Excellent communication skills If this role sounds like one for you please apply. more »

market risk models. Making key analytical decisions regarding market risk modelling for Equity derivatives positions traded in Europe. Assessing appropriateness of the market risk model outputs by performing time series review and stationarity test, Basel traffic light backtesting and VaR breaches explanation, P&L attribution test, pricing model benchmark, and quantification of the materiality of any model limitations (e.g. RNIV). Documenting model implementation details, tests, and findings for model validation to review, in accordance with Firm's Model Risk Management policies and framework. Qualifications Strong background in market risk models and … results). Excellent communication and presentation skills (ability to engage in concise, effective discussions). Excellent written skills (ability to produce well-structured technical model documentation). Ability to work without significant direct supervision. Previous experience of regulatory capital model & economic capital model is preferred. Knowledge of more »

Model Risk Oversight Manager- Yorkshire (Hybrid)- up to £75K My Client is on the search for a Model Risk Oversight Manager for a permanent position in Yorkshire. The candidate will act as a subject matter expert on all model risk thematic reviews to support the delivery of … The reviews will cover (but is not limited to) the IRB Rating system, Retail Credit, ALM and Finance Models. Apply technical knowledge to ensure model risk is managed through the effective review of model design, periodic validation and model use. Key Responsibilities: • Act as a subject … matter expert and take the lead to deliver the thematic Model Risk reviews. Apply expertise to conduct reviews which deliver insightful, accurate and meaningful findings to support the 2LoD Model Risk Oversight Business Partner in understanding key model risks. • Responsible for leading the engagement with key business more »

in an expansive role with the opportunity to grow within in a renowned investment banking corporation. The role will see you working on the validation of quantitative methodologies, both initial and recurrent, across diverse asset classes and model categories (including derivative pricing models, credit and market risk, capital … models, AI models, etc.), adhering to regulatory standards and industry benchmarks. The validation process often necessitates an independent deployment of the models and the creation of alternative challenger models. The successful candidate will have an MSc in Quantitative Finance, Mathematics or a relevant area, professional coding ability in Python … and around 5 years experience in either model development or validation across either pricing or risk modelling. more »

Job Title: Model Risk Oversight Manager Salary: £70,000 per annum Working Model: Hybrid working Permanent Location: Leeds Act as a subject matter expert on all model risk thematic reviews to support the delivery of the Prudential Risk Oversight Plan. The reviews will cover (but are not … limited to) the IRB Rating system, Retail Credit, ALM and Finance Models. Apply technical knowledge to ensure model risk is managed through the effective review of model design, periodic validation and model use. Ensure reviews consider alignment with market best practice, regulatory requirements and Group policies. … Act as an enabler for the business to better understand and manage their model risk, providing advice and challenge to 1st line risk teams through impactful and highly influential engagement up to Chief Officer levels. Commercial Responsibilities: Interactions with Group Risk Committee (GRC) and Executive Risk Committee (ERC) to more »

an innovative thinker? We’re looking for someone like that who can: • independently review exotic equities and commodities derivative models • approve exotic transactions and model reserve methodologies • provide expertise on model suitability, calibration, speed and accuracy • develop benchmark models in python and C++ • work closely with front office … quants, market risk control, and trading Your team You’ll be working in the Model Validation team focusing on equities and commodities derivatives. As part of Group Risk Control, the main objective of our team is the validation of the models used for valuation and management of more »

maintain and deliver advanced analytical models, to support Climate Change and Financial Crime, employing relevant statistical techniques and adhering to current modelling standards and validation regulation. You will also support the wider Retail Financial Risk Modelling to embed machine learning into models. You’ll need to plan effectively and more »

a motivated Systems Engineer to contribute to complex and high-profile programmes. This role, based at Raytheon's Harlow facility with a hybrid work model, provides the chance to work with changing technology, grow your skills, and play a vital role in global security. Key Highlights: Cutting-Edge Technology … technology. Global Impact: Contribute to projects that enhance global security. Professional Growth: Access professional development opportunities in a challenging and rewarding environment. Main Duties: Model, simulate, and assess weapon systems throughout the systems engineering lifecycle. Support a model-based systems engineering approach to weapon system development. Assist in … the design development of complex systems. Support model validation activities. Candidate Requirements: Essential: Demonstrable experience with MathWorks toolsets such as MATLAB and Simulink. Keen analytical approach to solving complex problems. Working knowledge of requirements allocation and decomposition. Well-developed understanding of testing methodology for both simulations and real more »

TensorFlow (and/or Keras), scikit-learn, and related tools, coupled with a strong command of Python. Robust analytical and mathematical abilities essential for model development and validation. Exceptional problem-solving skills capable of tackling intricate challenges. Effective communication abilities vital for collaboration, along with the capacity to thrive more »

support the development of advanced RNA medicines for one of the most pressing healthcare challenges of our time. The role will support discovery and validation data analysis within a functional genomics and imaging team, with a sharp focus on generating novel target recommendations, validating them in models (including actual more »

algorithmic trading strategies, focusing on options Conduct quantitative research and strategy development Support trading desk with analytics across business lines Contribute to pricing framework, model validation, and regulatory compliance Candidate Profile: Proficiency in numerical methods including Monte-Carlo and Stochastic Calculus Extensive knowledge of derivative products, especially options … bonuses Comprehensive benefits package including healthcare, dental, vision, and retirement planning 30 days of holiday and free lunches when in the office Hybrid working model Regular company events and social activities Corporate and Social Responsibility program with charity fundraising matching and volunteer days more »