Summary: The Lead Risk Modeler role involves overseeing the review and transformation of risk model monitoring for a major UK Retail Bank, focusing on IRB, IFRS9, and credit & financial crime scorecards. The position requires a blend of technical expertise in risk modeling, regulatory knowledge, and strong stakeholder engagement skills to drive innovation and ensure compliance with regulatory standards. The successful candidate will lead the execution of a transformation plan while maintaining existing service standards and addressing challenges in model monitoring. This role is pivotal in shaping the bank's risk management strategies and methodologies.

Key Responsibilities:

• Lead a review of existing risk model monitoring organization, processes, methodologies, and standards related to IRB, IFRS9, and credit and financial crime scorecards.
• Develop a transformation plan for risk model monitoring and secure client stakeholder buy-in for change initiatives.
• Execute the transformation plan ensuring low-risk changes to processes while maintaining existing service standards.
• Assess existing model monitoring processes for IRB and IFRS9 models for compliance with relevant regulations.
• Provide independent review and challenge of existing approaches and methodologies to ensure regulatory alignment.
• Address challenges with model monitoring of low-default portfolios and incorporate advanced techniques for data sparsity and uncertainty.
• Collaborate with senior stakeholders to communicate technical insights and influence decision-making.
• Stay updated on evolving regulatory guidelines and industry best practices, proactively addressing their implications.

Key Skills:

• Strong expertise in retail and commercial banking risk modeling.
• Comprehensive knowledge of relevant regulatory frameworks (CRR, CRD IV, PRA Supervisory Statements, EBA RTS).
• Detailed understanding of UK PRA SS1/23 related to model risk management.
• Proven ability to work independently and lead projects with minimal supervision.
• Exceptional stakeholder management and communication skills.
• Analytical mindset with experience in risk modeling and monitoring processes.

Salary (Rate): undetermined

City: Swindon

Country: United Kingdom

Working Arrangements: hybrid

IR35 Status: undetermined

Seniority Level: undetermined

Industry: Other