Senior Risk Analyst – Model Validation

We have an exciting opportunity to join the UK’s 2nd largest Building Society as a Senior Risk Analyst specialising in Model Validation.

This role sits within the Financial and Enterprise Risk function, which reports directly to the Chief Risk Officer. This role reports to the Senior Risk Manager – Model Risk & Validation and is a technical role with no line management responsibility.

The 2nd line of defence are a trusted advisor and critical friend to the 1st line of defence. Our key purpose is to enable the business to make effective risk-based decisions, underpinned by robust controls and governance.

You will support in the 2nd line oversight of the Society’s Model Risk profile through undertaking independent technical validation of the Society’s critical models. The role is focused on ensuring the models operate within agreed performance and governance standards. The role holder is expected to apply a range of statistical and analytical techniques using specialist statistical software including development of performance metrics and challenger models.

We have a hybrid approach to where we work – you’ll spend some time in the office and some time working from home depending on what needs to be done and where you can do it best.

We are looking for someone who holds a degree level (or higher) qualification with particular emphasis on a numerate discipline (ideally, statistics, finance or mathematics related) is necessary, or demonstrable equivalent skills through experience.

You will ideally have an understanding of development or validation of Financial or Credit portfolios. This could be from  previously working with models in a Treasury, Finance or Credit function.   A working knowledge of advanced IRB and IFRS9 modelling techniques (PD, LGD, EAD) for Retail credit portfolios would be advantageous.   Relevant experience in other asset classes or disciplines will be considered.

If you feel you have the right experience and skills and want to make a positive contribution to the continued success of the Coventry then please apply today!