Senior Treasury IRB Model Review (Contractor)
Posted 1 week ago by Empirical Search
Negotiable
Undetermined
Hybrid
England, United Kingdom
Summary: The role of Senior Treasury IRB Model Review focuses on ensuring compliance with key regulations related to the Bank's Internal Ratings-Based (IRB) model. The position involves reviewing past attestations, preparing the Treasury model risk team for internal reviews, and monitoring regulatory announcements. This is a fixed-term contract role with hybrid working arrangements available. The candidate will be expected to work from various UK office locations, including London, for two days a week.
Key Responsibilities:
- Complete an attestation against relevant regulation for the IRB model.
- Review last year’s attestation of the IRB model and create plans for compliance.
- Prepare the Treasury model risk team for internal second line reviews of the model.
- Horizon scan the CRR and Basel 3.1 regulatory announcements to anticipate compliance actions.
Key Skills:
- Background in regulatory compliance (CRR/Basel 3.1).
- Experience in checking business compliance with regulations and conducting gap analyses focused on the IRB model.
- Background in model risk oversight.
- Experience working with models is desirable.
Salary (Rate): undetermined
City: undetermined
Country: United Kingdom
Working Arrangements: hybrid
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
We have been appointed to manage the Treasury department recruitment campaign for one of the UK’s top high impact Banks. The latest phase of this will see us offer a series of fixed term / day rate contract roles to market. This particular role will focus on the review of the Bank’s IRB model to ensure compliance with key regulations. Hybrid working available - You can use various UK office locations(including London) from which to fulfil your two day a week office attendance requirement
Role Description
- Complete an attestation against relevant regulation for our IRB model
- Review last year’s attestation of the IRB model and create plans for bringing up to compliant
- Prepare the Treasury model risk team for internal second line reviews of the model
- Horizon scan the CRR and Basel 3.1 regulatory announcements to help anticipate where actions need to be taken to ensure compliance in the future
Role Requirements
- A background in regulatory compliance (CRR/Basel 3.1)
- Experience checking that the business is compliant to a set of regulations, and undertaking gap analyses with a focus on the IRB model aspect of the regulations would be good
- Background in model risk oversight. Checking models against a set of standards and raising actions where they see issues/shortfalls
- Some experience of working with models is desirable