The opportunity
🚀 We’re on a mission to make money work for everyone.
What you'll do
Lead the collaboration with the first line of defence teams to strengthen: policies, standards and procedures for Generative AI model, use case, system design and build, implementation, governance, monitoring and use. Helping to embed best practice of Generative AI across the business.
Own the setting and maintenance of Generative AI validation methods, evidence: expectations and reusable technical assets with relevant 1LoD modelling teams, applicable across all model risk areas.
Convert modelling/validation experience into controlled playbooks, tests and: working examples that can be applied to 2LoD Validation standards and processes for all Generative AI models, use cases, systems overseen by the 2LoD Model Oversight team.
Coach Generative AI validation methodologies, to 2LoD Model Oversight: colleagues, whom already have transferable Machine Learning skills, to reduce reliance on any single specialist for the validation of Generative AI models, use cases, systems so it can be consistently applied across Financial, Credit and Fincrime/Fraud models.
Perform, and oversee, independent model validations of new Operational models: (primarily Generative AI models, use cases, systems), and changes to existing, using proportionate modelling techniques depending on the level of complexity applied. This includes writing clear and impactful model validation reports and presenting the findings in relevant committees.
Build relationships with first line of defence modelling teams that develop: Operational Models, and wider risk teams, to support the embedding of the model risk framework to help Monzo grow safely.
What they're looking for
- Review ongoing model performance monitoring to ensure Operational models are: performing within risk thresholds and providing support to the relevant model development team when further action is required
- Monitoring and measuring the overall level of Operational model risk that: Monzo operates, and driving action plans with first line teams and appropriate governance forums to mitigate residual model risk within desired risk appetite.
- Support the effective operation of the Model Risk Oversight Committee as a: regular attendee, contributing to the group discussion to improve model risk management.
- Promote and help embed a strong risk culture, making risk meaningful and: relevant to everyone at Monzo. You will share best practice that is easy for everyone to understand.
