Model Governance and Monitoring Analyst

Model Governance and Monitoring Analyst Greater Manchester

Aldermore Bank PLC
Full Time Greater Manchester 10.56 - 12.04 GBP Today
Job description

Model Risk Management (MRM) team is responsible for end-to-end model risk management across the Group. The team assesses and helps mitigate model risk of complex models used in the context of risk measurement, valuation, capital, and provisions calculation, and more broadly for decision-making purposes. MRM partners with Risk and Finance professionals and works closely with model developers and users. Team members have opportunities for exposure to a variety of business and functional areas.

About the role –

Reporting to the Model Governance and Monitoring Manager, who will be your line manager and responsible for things like performance review meetings, 1-1s and development conversations, you will be responsible for:

  • Producing model monitoring across the Bank that is concise and insightful. This will include comparison against model performance thresholds and proposing remediating actions where thresholds are breached.
  • Presenting model monitoring packs to Senior Stakeholders at Model Technical and Model Governance Forums.
  • Conducting additional analysis as required to identify drivers of model performance.
  • Working with your line manager and senior project managers to support the roll-out of SAS Viya across the Bank by transitioning existing monitoring code and performing UAT testing to ensure a successful outcome.
  • Increasing the automation of the current process to enable monitoring to be expanded to cover the full model inventory across the Bank.
  • Supporting your line manager to deliver Model Governance requirements across the Bank.
  • Supporting the Head of MRM and IMV as required to conduct independent reviews across the model lifecycle including new developments, model changes, periodic validations, ongoing monitoring, and implementation
  • Supporting a robust risk culture across the primary stakeholders and business.

About You –

  • Strong analytical skills with great attention to detail, strong control mindset with interest in investigating issues and developing solutions.
  • Experience in monitoring for corporate, retail, wholesale banking portfolios with a financial services organization, consulting firm, or analytic solutions provider. Exposure to stability, accuracy and discrimination monitoring measures including actual/expected, gini, correlation, population stability index would be desirable but not essential.

Model Governance and Monitoring Analyst
Aldermore Bank PLC

www.aldermore.co.uk
Reading, United Kingdom
Steven Cooper
$100 to $500 million (USD)
1001 to 5000 Employees
Company - Public
Banking & Lending
Finance
2009
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