Senior Model Validation Manager

  • Santander
  • Eccles, Manchester
  • Sep 14, 2021
Full time Banking Finance

Job Description

Why apply for this role?

We currently have an exciting opportunity for a Senior Model Validation Manager to be part of the highly specialised Independent Validation Team. You will be able to independently review models from all areas of the bank and gain an exceptional level of exposure and learning. The team has a diverse remit including scorecards, capital IRB, Stress testing and IFRS9 models across all portfolios.

The role holder would be required to manage a team of technical managers and analysts and independently review models to highlight areas of model risk whilst providing indications as to the magnitude of the risks found.

If you're a highly experienced modeller or validator with minimal managerial experience then moving to leading a bigger team is the perfect opportunity to develop your career.

What you'll be doing

  • Reviewing technical documentation describing model development and validation whilst assessing adherence to the relevant regulatory environment.
  • Replicating model developments, analysing performance and constructing challenger models
  • Preparing detailed documents, including appropriate analysis, for audit and regulatory review, which clearly communicate model risks.
  • Managing a team of technical managers and analysts to deliver against targeted plans whilst working independently to deliver validation projects to deadlines.
  • Building collaborative relationships across the business with key stakeholders including Director level and presenting validation findings to approval committees keeping communication focussed and engaging for the audience.

What we're looking for

  • Significant and extensive track record of successful delivery in each of scorecards, IRB, IFRS9 and stress testing modelling roles for either retail or corporate banking.
  • Experience leading a technical team - capable of building and maintaining a high performing working relationship to ensuring goals are met,
  • Proven ability of conducting statistical analysis in a coding environment such as SAS, SQL, R or Python,
  • Proven experience in interpreting technical documentation and regulatory compliance to produce written reports targeted to specific audiences which challenge model proposals and convey model risk in a clear and concise manner,
  • Strong interpersonal skills to persuade and influences others including key stakeholders across the business and external regulators such as the PRA and the ECB.

What else you need to know

Given the recent impact of the Coronavirus outbreak we will be conducting all interviews via telephone or video-conference where possible.

How we'll reward you

As well as a competitive salary, you'll enjoy a benefits package that you can tailor to your needs.

  • Eligible for a discretionary performance-related annual bonus
  • Pension with generous contributions of up to 12.5% from Santander, depending on your own contribution and length of employment with us
  • 30 days holiday plus bank holidays, with the option to purchase up to 5 contractual days per year
  • £6,000 car allowance per year
  • Company funded individual private medical insurance
  • Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, healthcare cash plan and health assessments
  • Benefits supporting you and your family, such as death-in-service benefit, income protection, and voluntary life assurance and critical illness cover
  • Share in Santander's success by investing in our Sharesave and Partnership shares plans

For more information about our wide range of benefits and family friendly policies visit our website.

Why Santander?

At Santander, with only a small action or a simple idea, you can achieve great things. You can improve the daily life of more than 140 million people. You can collaborate with a friendly team of more than 200,000 employees.

It doesn't stop there. You'll also be part of a vibrant organisation that's been reinventing itself for more than 160 years. One that invests millions of pounds in training its people every year. One that helps more than 2 million people every year with social programmes.

We call it #TheSantanderEffect.

Equal Opportunities

Santander are an equal opportunities employer. When we talk about diversity, we don't just want to pay lip service. Our customers come from a wide range of backgrounds, and so do our people. It's important to us that we create an inclusive culture where everyone counts.

For more information on our commitment to equal opportunities, please visit our diversity page here.

What to do next

If this sounds like a role you're interested in, then please apply on the link below.