Model Validation Analyst

London, England, United Kingdom

5/20/2025

Overall Summary

At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don’t tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life.

Join the Close Brothers Model Risk Team where you will support and execute delivery of the model risk validation objectives within the Model Risk Management team. Working as part of the Model Risk team our ideal team member will have previous experience in aiding new modelling by providing coding reviews and proposing model improvements with excellent analytical skills.

Responsibilities

• To support the implementation of the Group’s target state operating model for a second line Model Validation function.
• Ensure that models are fit for purpose in accordance with CBG’s strategy and aims.
• Research statistical techniques to estimate model parameters, including volatilities of risk factors and their correlations, and to validate use of appropriate proxies and fall-back parameters.
• Undertake rigorous testing to assess comprehensiveness of risk representation, suitability for intended use, robustness and stability of calibrations, ongoing performance vis-à-vis risk factor and portfolio back testing, and reasonableness of simulations vis-à-vis other distributional tests.
• Document models, methodologies, analyses, and findings to the Group’s standard
• Identify key areas for business assistance and implementation of the Group models
• Review and provide guidance on existing and to-be developed model documentation
• Keep up-to-date on regulatory changes, quantitative techniques, and industry practices
  
  
  
  

WE WOULD LOVE TO HEAR FROM YOU IF YOU HAVE/CAN:

• The ability to conduct statistical analysis in a coding environment (e.g., SAS, Excel, R, Matlab, Python).
• The ability to develop and apply a variety of statistical tests and modelling techniques to identify/recommend improvements to models and undertake related initiatives
• Good written and verbal communication & presentation skills
• Sound knowledge of regulatory compliance requirements.
• Understand the conceptual framework and assumptions of models
• Good interpersonal skills and a team player, proactive and self-motivated.
• Closely work with other members of the team to provide model performance assessments
  
  
  
  

IT IS NOT ESSENTIAL BUT IT WOULD BE GREAT IF YOU:

• Have industry certifications (e.g. FRM, CFA, SAS).
  
  
  
  

We are an inclusive organisation and committed to ensuring our recruitment process is as accessible as possible to everyone. We will make adjustments for people who have a disability or long-term condition. If you need the job description or application form in an alternative format or would like to discuss the recruitment process with us, please email us at [email protected] or request a call back.

About Us

At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working.

Close Brothers is a leading UK merchant banking group providing lending, deposit taking and securities trading. We employ approximately 3,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250.

To find out more about Close Brothers, please visit our careers page: https://www.closebrothers.com/careers

To find out more about life at Close Brothers:

https://www.closebrothers.com/life-close-brothers#374017299-899295541

To find out more about our benefits:

https://www.closebrothers.com/employee-benefits

To find out more about our commitment to creating an inclusive environment:

Our Responsibility - Diversity and inclusion ¦ Close Brothers Group