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The Business Join us as the Head of Model Risk Governance in London or Edinburgh
This role will see you playing a key role in helping the bank drive its strategic use of models through the accountability for the model risk policy and framework, maintaining the strength of our control environment
The use of models to drive business outcomes is an increasingly important part of how we do business, and you'll help to ensure that these models are developed, used and maintained in a robust and secure manner
You'll be recognised as a senior leader in the Model Risk function, and you'll lead a small team focused on embedding the model risk framework across the bank
You'll engage with senior stakeholders, regulators and external bodies on model risk, and you'll have access to a range of flexible working options that help to shape where, when and how you work
What you'll do
Reporting to the Head of Model Risk, you'll lead the direction and development of the model risk framework and policy. You'll support change management programmes, and you'll lead the embedding of the model risk framework. You'll also work to continually enhance model risk reporting, and develop the model risk appetite and individual model risk ratings.
The wider Model Risk function provides independent model validation, and is also responsible for the validation of the most material models across the bank, including credit, market, stress testing, IFRS9, economic capital, PBIL, and pricing models. As such, you'll be tasked with supporting enhancing the data integrity and quality processes and controls on all models.
Your responsibilities will also include:
Providing second line of defence oversight of the end-to-end model risk across RBS, covering both the ring-fenced and non ring-fenced banks, and ensuring model risk policy and governance is imbedded effectively
Managing the Model Risk Forum, and attending other relevant forums and committees to provide strategic input on model risk
Supporting the Head of Model Risk in managing and motivating a large, technically strong team across a number of locations, defining the operating model for the function, and ensuring the team has the appropriate skills and capabilities to execute its objectives
Leading the delivery of board level reporting on the bank's performance against model risk appetite, and on the quality of the model risk control environment
The skills you'll need
We're looking for someone who brings excellent leadership and stakeholder management skills, experience in model risk governance and a strong understanding of the regulatory landscape. You'll have a logical, well structured thought process and the ability to communicate technical output to business stakeholders in a simple, concise manner. You'll also ideally have a detailed understanding of the model risk environment in RBS or a similar organisation covering both ring fenced and non-ring fenced bank operations. Proven judgment in the field of model risk management and analysis is essential.
We'll also expect:
Strong financial and business analysis skills
The ability to motivate, manage and develop teams
Excellent relationship building and stakeholder management skills, with the ability to maintain effective relationships at all levels across the organisation while challenging constructively when needed
The ability to simplify and articulate complex concepts to stakeholders, ensuring that senior management have the appropriate understanding of key model related issues
How we'll reward you
In return, we offer a competitive salary and you'll also join our retirement savings plan. You can also choose from a selection of protection, healthcare or lifestyle extras from RBSelect, our fully flexible reward programme.
Visit our reward and benefits page for more information on the benefit packages we offer.
At RBS, we want everyone to feel welcome, regardless of your background or needs. If you need adjustments making to your working environment, we'll do everything we can to support you. As part of this commitment, we offer flexible working options for some of our roles - find out more .
As a Financial Services organisation we comply with and support the requirements set by our Regulator, the Financial Conduct Authority (FCA), which are designed to protect our customers. This role falls under Conduct Rules of the Individual Accountability Regime (IAR) and is subject to pre-employment screening. This means if your application is successful, you'll need to satisfy some important background checks before you can start working with us. These will include a full credit check, a criminal record check, residency and right to work checks.
Internal Number: 4672756
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