IRB Modelling - Model Validation Process Design

Key Skills and Preferences are as follows:

- Proficiency in Python and SAS

- Previous experience in retail banking, IRB, Standardised (materiality/unmodelability), and model risk management

Key activities relating to execution Support for Retail Secured and Unsecured IRB Models:

- Quantitative Validation: Validate model outputs and performance metrics Perform statistical tests, back-testing, and benchmarking

- Qualitative Validation: Review model documentation, assumptions, and methodologies

- Contingency Support: Provide additional validation activities as required by the MRO team

- Query Tracker Contributions: Maintain detailed records of validation queries and responses

- Documentation: Support the creation of comprehensive validation reports

- Industry Insights: Offer insights on key themes and trends in model validation.