Model Risk Manager

  • Department: Financial & Credit Risk
  • Location: Edinburgh
  • Published: 04/05/2021
  • Apply by: 20/05/2021

You’ll bring the ambition, we’ll provide the opportunities

Tesco has built its success – and its reputation – on a tradition of excellent service and dedication to the customer, but Tesco Bank is about more than bringing these values to a new market. It’s about bringing a new approach to personal finances and retail banking. As we look to build upon existing talent within our senior and specialist roles, we’re creating a backbone of excellence – offering the highest-calibre of professional a chance for wide-ranging and long-lasting impact in a business that’s breathing new life into the industry.

What You’ll Be Responsible For:

  • Analysing, understanding modelling requirements - frequent, in-depth interaction with modellers, risk and business leaders.
  • Understanding the theoretical approaches taken to modelling and providing an expert opinion on suitability.
  • Questioning applicability of modelling approaches and selection of appropriate techniques.
  • Verifying that data due diligence, model code and documentation has been done according to Bank standards.
  • Reviewing the evidence to support modelling decisions including evidence of challenge during the modelling process.
  • Verification that the models have been implemented correctly.
  • Validation of model monitoring and identification. Reporting of any model related issues.
  • Involved in development and ongoing update of validation standards, measures and tolerances. Interaction with Development and Governance teams.
  • Annual interaction with Audit

What You’ll Bring:

  • Proven experience in model development or validation within retail banking.
  • Broader modelling experience in finance, pricing, IFRS9, operational risk, credit risk
  • Experience with EU and UK banking regulations.
  • Understanding of finance and Tesco Bank business.
  • Very strong programming skills (SAS mandatory, R or C derivative possible)
  • Very strong statistical and mathematical skills.

Wherever your talent lies, you’ll find challenge and reward in equal measure. We’re here to go the extra mile for our customers – and we’ll do the same for you. It’s simple. As long as you have the ambition, we’ll provide the opportunity for success. Visit our website and find the role that’s right for you.

Model Risk Manager

Edinburgh

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