Model Risk and Control Manager

  • GBP70000 - GBP105000 per annum
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Michael Page
  • 13 Mar 18 2018-03-13

The team is responsible for our model risk management approach, including model governance and maintaining compliance with the model risk policy. The team coordinates our model validations and reaffirmation processes, undertakes model performance monitoring, implements controls around model and data management, and develops and presents management information on model risk

Investment Bank


The model governance process including responsibility for overseeing the model approval cycle from the submission of relevant documentation by the model owner to the approval process by the Model Governance Committee

Managing and coordinating the completion of actions arising from the model validation and approval process and ensure that they are addressed

Coordinating the ongoing model attestation and reaffirmation processes

Maintaining the global model inventory list, ensuring appropriate time lines for review are met according to the classification of each model as well as ensuring the on-going monitoring of conditions of use and compliance with any model restrictions

Developing metrics required for the effective understanding of model risk and controls, monitoring and reporting appropriate MI with respect to model risk, and presenting to the Model Governance Committee

Establishing and maintaining process and controls for to test model performance and active monitoring

Working on enhancing the systems and processes, taking part in projects as required

Assisting with new business initiatives ensuring that relevant reporting (internal and external) can be implemented and maintained following the approval of new products/activities


Educated to degree level ideally in a quantitative discipline

Previous experience in financial services, working in a model validation environment or within risk or finance.

Knowledge of financial products including fixed income and equity products (cash and derivatives)

Prior experience of model validation governance standards

Experience in MI development and setting

Job Offer

AVP or VP level permanent role. Competitive salary and benefits package.