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NatWest Services

Compare

4.0

based on 1 Review

104 NatWest Services Jobs

Head of Wholesale Credit Risk Model Validation, Director

National Westminster Bank (NatWest)

4.0

based on 1 Review

14-16 years

Chennai, Bangalore / Bengaluru

1 vacancy

Head of Wholesale Credit Risk Model Validation, Director

NatWest Services

posted 6d ago

Job Role Insights

Key skills for the job

Investment Banking Python Quality Assurance Analytical Chemistry Risk Management Financial Risk Management

+ 3 more

Job Description

Join us as Head of Wholesale Credit Risk Model Validation

In this key role, you ll be responsible for the oversight of model assurance activities performed by model development teams for bank wide models used in rating corporate customers
You ll make sure that the models are fit for purpose for their designated use and that significant model risks are identified and effectively communicated to senior management and model end users
You ll have the chance to work with a wide variety of stakeholders, giving you a platform to raise your network and career profile across the bank
Were offering this role at director level

What youll do

As a Head of Wholesale Credit Risk Model Validation, you ll develop and maintain standards that promote an effective risk based approach to organisation models. You ll undertake in-depth assessment of models sub-components and support the bank wide policy covering the governance and control of Model Risk.

We ll look to you to represent the Model Risk Validation team on various internal forums and independently oversee and challenge the effective management of risks and controls within agreed risk appetite. You ll manage the team s workload and build an effective and credible validation plan and identify opportunities for improvement, both in terms of the models and measures produced, and the approaches and processes used within the team

Your responsibilities will also include:

Supporting projects through frequent communication with internal and external stakeholders, and by developing a good understanding of business issues, and regulatory requirements
Preparing comprehensive model documentation with all analysis undertaken along with appropriate commentary
Making sure that model risk management aligns with model risk policy, and undertaking model risk assessments so that potential risks are identified early in the process, and can be mitigated
Supporting the general model governance process by loading the documents to the relevant forum agenda, updating issues on the governance tool
Identification and effective management and escalation of conduct risk to deliver key customer outcomes
Owning and developing appropriate risk and control frameworks for the franchises and functions to use to discharge their responsibilities
Providing expert advice on those aspects of risk management relevant to their area of expertise, including providing senior executives with relevant management information and reports, escalating concerns where appropriate

The skills youll need

We re looking for someone with a quantitative degree and experience of developing, reviewing, validating and implementing analytical risk measurement tools on commercial and institutional lending portfolios. You should have a sound understanding of Basel requirements and some knowledge of IFRS9 standards. You ll also need experience in designing, writing, and testing financial risk and pricing models from an investment banking perspective.

We ll also expect:

Good working knowledge of Python
Experience of managing people
The ability to communicate, both verbally and in writing, to senior colleagues
Strong Excel, PowerPoint and Word skills
Excellent attention to detail
Critical thinking skills, enabling you to cut through complexity, and make sound decisions and recommendations that are carefully balanced against risk

Employment Type: Full Time, Permanent

Read full job description