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 Management Team where you will support and execute delivery of the Model Risk validation objectives. Working as part of the Model Risk Management our ideal team member will have previous experience in offering constructive, independent technical checks and challenging at committee level with excellent communication skills, both written and verbal with experience of tailoring communication for different audiences.
Responsibilities
- Support the implementation of the Group’s target state operating model for a 2nd Line Model Validation function
- Structure the current state of validation, assurance and approval status of models.
- To provide expert support and guidance to all stakeholders on model development and validation activities, to help ensure the group model risk operating model is consistently adopted in processes and procedures, and to help model owners, users and developers understand minimum standards, make use of templates, etc.
- 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
- Benchmark particular model components such as parameter estimation methods or pricing models to justify against alternative approaches
- Review and provide guidance on existing and to-be developed model documentation
- Ensure that all Governance and Compliance requirements are adhered to and all reporting and reviewing activities required by the Regulatory Bodies are carried out to the standards required
Developing Our People: as a line manager, you will be responsible for inspiring and motivating your team, as well as developing performance through coaching. You will encourage your team to take responsibility for their own personal development and provide support through regular feedback.
WE WOULD LOVE TO HEAR FROM YOU IF YOU HAVE/ARE:
- Significant experience in the validation or development of credit risk models in Banking.
- Significant knowledge of modern risk management techniques within Banking, and in the use of risk models within such an environment.
- Experienced in the extraction and manipulation of data to support risk model development, e.g. defining observation periods, outcome periods, choosing a suitable "bad" definition, for scorecard models, and equivalent experience for other modelling approaches.
- Experienced and competent in the use of modelling software tools (e.g. SAS, Python, R, Matlab) for developing all types of predictive model suites, including on large datasets or time series of data.
- A natural ability with numbers, with the ability to work quickly and at a high level of detail and accuracy, and a highly analytical approach to problem solving.
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
