The opportunity
🚀 We’re on a mission to make money work for everyone.
What you'll do
Defining, implementing and maintaining the EU-wide Model Risk Management: (MRM) Framework and associated validation standards. This includes developing and implementing the model risk appetite, model risk assessment process, model risk reporting and ongoing model reviews and validation schedules.
Serving as the primary driver and coordinator for the Model Risk Oversight: Committee (MROC), ensuring material risk metrics, model validations and escalations are effectively reported to the Executive Risk Committee (ERC) and the Board Risk Committee (BRC).
Establishing and maintaining a centralised suite of model validation: standards including those used for performance monitoring.
Maintaining MBEU Model Inventory including AI Use Case registries, ensuring: appropriate tiering classification of material and high-risk models in alignment with the EU AI Act.
Managing the local embedding of the group-wide model risk governance: frameworks, ensuring appropriate alignment and clear escalation protocols between global frameworks and subsidiary-specific policy standards.
Leading the technical 2LOD validation of all material and high-risk models: prior to deployment, evaluating mathematical logic, data lineage, conceptual soundness, stability, performance and potential algorithmic bias.
What they're looking for
- Providing 2LOD independent oversight and technical validation across key risk domains including:
- Credit Risk covering credit scoring, automated underwriting decision engines,: customer affordability and IFRS 9 loan loss provisioning models.
- Fraud & Financial Crime Risk covering digital onboarding risk assessment: scorecards and real-time fraud/transaction monitoring models.
- Financial Risk covering financial planning models, ICAAP/ILAAP stress: testing, Pillar 2 economic capital models, macroeconomic forecasting, Interest Rate Risk in the Banking Book (IRRBB) models.
