Credit Model Risk Oversight Governance Manager Credit Model Risk Oversight Governance Manager …

in London, England, United Kingdom
Permanent, Full time
Last application, 25 Mar 20
in London, England, United Kingdom
Permanent, Full time
Last application, 25 Mar 20
Why apply for this role? As a responsible bank, we're committed to managing our risks effectively.

You'll play a key role in this. You'll monitor, implement and control non-retail credit risk (PD, LGD, EAD), counterparty credit, and market risk models. Ensuring that the models align to regulatory guidelines.

You'll be part of a specialist team. Together, you'll provide timely and practical solutions across credit and market risk, utilising your knowledge of Basel/IFRS9 guidelines. And you'll engage with senior stakeholders across the business.

If you're someone who's performed a similar role already, this is the perfect opportunity to develop your career. You'll become the architect of the role and play a pivotal part in further enhancing model risk management across credit risk.

What you'll be doing

  • Implementing, controlling and monitoring credit risk and counterparty credit risk models.
  • Working effectively with all key internal risk and reporting teams to ensure effective control, oversight and compliance with regulatory rules and standards.
  • Defining model risk monitoring and performance assessment standards for non-retail credit risk models used for IFRS9 and IRB.
  • Managing the overall delivery and distribution of model risk performance reporting, to continually improve the way risk is managed.
  • Reviewing technical model documentation, acting as an SME for model risk management and control.
  • Responding to challenges and undertaking independent reviews of the bank's models
  • Engaging with regulators (i.e. ECB and PRA) and internal auditors on model risk management related topics.

What we're looking for

  • Experience of model risk management with strong focus on credit risk. Understanding of counterparty credit risk and market risk advantageous.
  • Demonstrating awareness and an up-to-date understanding of all relevant regulatory requirements.
  • Self-starter who can work with minimum supervision and has brilliant stakeholder/project management skills.
  • Desire to work in a dynamic, team-oriented environment focusing on challenging tasks.
  • Ability to combine fundamental, quantitative and market-oriented knowledge and skills.
  • Strong written and verbal communication skills. Must be comfortable leading meetings and making formal presentations.

It would also be advantageous for you to have

  • Knowledge of Excel, VBA or Python

What else you need to know

Given the recent impact of the Coronavirus outbreak we will be conducting all interviews via telephone or video-conference where possible.

How we'll reward you

As well as a competitive salary, you'll enjoy a benefits package that you can tailor to your needs.

  • Eligible for a discretionary performance-related annual bonus
  • Pension with generous contributions of up to 12.5% from Santander, depending on your own contribution and length of employment with us
  • 30 days holiday plus bank holidays, with the option to purchase up to 5 contractual days per year
  • Company funded individual private medical insurance
  • Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, healthcare cash plan and health assessments
  • Benefits supporting you and your family, such as death-in-service benefit, income protection, and voluntary life assurance and critical illness cover
  • Share in Santander's success by investing in our Sharesave and Partnership shares plans

For more information about our wide range of benefits and family friendly policies visit our website.

Why Santander?

At Santander, with only a small action or a simple idea, you can achieve great things. You can improve the daily life of more than 140 million people. You can collaborate with a friendly team of more than 200,000 employees.

It doesn't stop there. You'll also be part of a vibrant organisation that's been reinventing itself for more than 160 years. One that invests millions of pounds in training its people every year. One that helps more than 2 million people every year with social programmes.

We call it #TheSantanderEffect.

Equal Opportunities

Santander are an equal opportunities employer. When we talk about diversity, we don't just want to pay lip service. Our customers come from a wide range of backgrounds, and so do our people. It's important to us that we create an inclusive culture where everyone counts, and we particularly welcome applications from different underrepresented groups.

For more information on our commitment to equal opportunities, please visit our diversity page here.

What to do next

If this sounds like a role you're interested in, then please apply on the link below.

Due to high volume of applications we may need to close this role earlier than the advertised date, so recommend submitting an application as soon as possible.