Risk Modelling Validation Manager

Change Recruitment Group
North Lanarkshire
04 Aug 2017
15 Aug 2017
Contract Type
Full Time

About the recruitment consultant:
Craig McKellar worked in audit at EY for 5.5 years across various industries in Scotland before joining CHANGE to focus on the Risk and Internal Audit market. He works with all the main asset managers and banking institutions across Edinburgh and Glasgow. Craig's technical knowledge and experience allows him to add value when supporting candidates through the interview process. See his linkedin profile at

About the employer:
This is a bank based in Glasgow who offer an excellent work life balance and interesting work. They are very people focused whether that is their employees or customers and look to develop their staff. The bank has high growth ambitions to build on their recent growth and are looking for individuals who want to add value.

About the role
We are looking for an engaged and motivated Modelling Specialist in the Independent Validation Unit. This is a fantastic opportunity for career progression, offering the successful candidate an excellent opportunity to broaden out, build knowledge and experience at an exciting time for the profession.

Role Responsibilities
?? Model Validation - validating new and revised models as well as undertaking periodic validations of suites of models.
?? Covering one or more areas of modelling in the bank: Credit Risk Models (IRB, IFRS9, Decision Tools), Pricing Models, Stress Testing, Operational Risk Models.
?? Providing statistical expertise to inform the discussions between Model Development and IVU in the model build and model review processes
?? Giving independent assurance to the Bank's Senior Management over the output and use of Models and ensure they are built and operating to internal and external regulatory standards. Where models are considered to be less than "fit for purpose", raising appropriate actions to bring about their remediation.
?? Data manipulation and extraction - Ability to extract appropriate data and relevant actionable analysis from a variety of sources.
?? Providing subject matter expertise and owning any query raised by internal stakeholders of all levels including Senior Management.

Skills and Experience ( Essential )
?? A proven track record of excellent statistical model building or validation (minimum 1-2 years experience)
?? Highly analytical with a good degree in a numerate discipline subject (e.g. maths, statistics, economics etc).
?? Excellent data mining skills
?? Good knowledge of Excel and SAS
?? Excellent data presentation and report writing skills, ideally for a Model Risk Committee or equivalent.

Skills and Experience ( Desirable )
?? Good knowledge of SQL / R
?? Good knowledge of Credit Risk Modelling (including PD, EAD and LGD models). Alternatively, a good knowledge of Banking Book Pricing models, or of Operational Risk models, or of Banking Book Stress Testing models
?? Good knowledge of Basel Capital Requirements or of IFRS9 / IAS39 Regulation with specific reference to credit models.

For more information please contact Craig on or at