Sr Model Risk Analyst

Posted 06 November 2023
Salary Up to £160000.00 per annum
Job type Permanent
Discipline Risk & Analytics
Contact NameConnor Nurse

Job description


What we are looking for:

  • Leverages statistical, financial, economic, and business expertise to conduct and/or oversee independent model validation activities outlined in the bank's Model Risk Management Policy and Federal Reserve SR 11-7 (e.g., evaluating conceptual soundness, reviewing ongoing monitoring plans and reports, and conducting outcomes analysis)
  • Writes high quality model validation reports and/or presentations
  • Ensures identified model risk issues are effectively remediated
  • Contributes to the development and implementation of model risk management policies and procedures
  • Keeps abreast of research and trends in statistical modeling and model risk management
  • Mentor junior analysts


  • PhD in a quantitative field (e.g., statistics, economics, finance, mathematics, computer/data science) and 3+ years of experience (or a master's in a quantitative field with 6+ years of experience) validating and/or developing models in the financial services industry.
  • Excellent quantitative modeling, analytical, research, and programming skills
  • Expertise in one of the following: SAS, Stata, SPSS, Matlab, R, Python, SQL, BancWare, QRM, PolyPaths
  • Strong communication skills, both verbal and written
  • Good project management skills, with the ability to work independently on multiple projects and on tight deadlines