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Head of Validation (Modeller / Validation)

Job No:


Employer Reference:

SOC Code:


100,000.00 - 125,000.00  per year


Annual hours


City of London UK


Full time

Date posted

Oct 6, 2015

Closing date

Pension details


Head of Validation (Modeller / Validation)A respectable Retail and Commercial Bank is currently looking for a Head of Validation to be based in London. The Head of Model Validation will report directly to the Risk Management Director and lead the Bank's independent validation of Risk Models. The Head of Model Validation will be responsible for leading the following activities:- Ensuring effective independent validation of the Bank's Risk Models - Leading and managing the Model Validation Function- Supporting effective implementation of Risk Model governance across the Bank in line with all regulatory requirements- Providing appropriate oversight of all model developments and deployments across all business functions in line with requirements of a Credit Risk Control Unit (as described within Capital Regulatory Requirements)- Establishing an independent programme of annual validation of IRB models and other Financial Models as required by the Bank- Ensuring that Model Risk Oversight Committee is provided with timely information regarding the results of the validation programme- Ensuring the provision of Regulatory Horizon Scanning for all aspects of Capital Requirements Directive and Capital Regulatory Requirements compliance- Managing external validation partners to ensure adequate resources and that all contractual SLAs are met- Acting as an independent challenger of model risk and perpetuating a culture of best model practice throughout the institution- Working with Risk Models Team to achieve best practiceKey Skills - Strong experience of senior man management for a Risk Model Development and/or Validation team- In-depth, up-to-date knowledge of UK and European banking regulations as they affect models and rating systems- Significant experience of Risk Model development techniques and appropriateness of Risk Model methodologies with the credibility to engage in discussion with internal and external contacts- Expert knowledge of model risk governance and its impact on capital requirements: model risk appetite; model risk strategy; model risk management; model validation- Ability to drive performance and transformation required for risk model validation- Ability to derive new ideas and use abstract thinking to contribute to model risk management and the communication skills to articulate supporting arguments at all levels- Ability to represent the Bank externally and act as a company ambassador in external modelling forums- Ability to present effectively at major meetings/conferences and to communicate the most complex technical/specialist ideas effectively to all audiences- Strong mathematical and statistical analysis skills at degree level- Excellent leadership, planning and organisation skills- Excellent influencing and persuasiveness skills-

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