Model Risk Validation Officer Model Risk Validation Officer …

NatWest Group
in Edinburgh, Scotland, United Kingdom
Permanent, Full time
Be the first to apply
Competitive
NatWest Group
in Edinburgh, Scotland, United Kingdom
Permanent, Full time
Be the first to apply
Competitive
NatWest Group
Model Risk Validation Officer
Join us as a Model Risk Validation Officer

  • This is an opportunity for a passionate and driven risk specialist to join an evolving area of risk management
  • We'll look to you to review and validate various finance and forecasting models relating to wholesale, commercial and retail portfolios across all business units and legal entities
  • It's an ideal role to gain detailed exposure to the developing world of model risk, as well as to a range of stakeholders and senior executives


What you'll do

As a Model Risk Validation Officer, you will be undertaking data analysis to make sure that model risks are adequately highlighted as well as assessing the models' compliance with regulations, internal policies and standards.

You'll also be:
  • Making sure that model risk management aligns with our model risk policy, and undertaking model risk assessments to identify potential risks
  • Performing sensitivity analysis to assess the adequacy of modelling or data assumptions, documenting all the analysis in a succinct and clear manner
  • Preparing checklists for various validation activity to make sure that appropriate controls are established and consistently followed
  • Providing expert advice on aspects of risk management, including providing senior executives with relevant MI and reports


The skills you'll need

We're looking for someone with a quantitative degree and a sound understanding of Python

You'll also need:

  • Excellent attention to detail
  • The ability to communicate, both verbally and in writing, to senior colleagues
  • Excel, PowerPoint and Word skills
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