383 Model Risk jobs in the United Kingdom

SENIOR MODEL RISK MANAGER – 12 MONTH FTC £110,000 LONDON/MANCHESTER THE COMPANY This successful FinTech has been growing significantly and has exciting plans and projects in the pipeline. They are at the forefront of the financial space and this role offers a chance for someone to work across their regulatory and wider models. This unique opportunity offers the rare chance to help grow the business and get involved in a range of modelling projects. THE ROLE Drive impactful change across the business by leading the implementation and compliance assessment of the Bank’s Model Risk Policy. Take ownership of the periodic review and enhancement of Model Risk Governance Policies and Standards. Keep the pulse on model performance through proactive updates and management of the Model Inventory, including risk assessments and insightful reporting. Influence key decisions by delivering compelling reports to Committees on model performance and alignment with the Bank’s model risk appetite. YOUR SKILLS AND EXPERIENCE Essential to have worked on model governance, monitoring and reporting within retail banking Exposure to IFRS9/IRB/Scoring/Forecasting models Prior work in model development or validation is highly desirable Educated to at least degree level in a numerate degree SALARY AND BENEFITS Up to £110,000 base salary Hybrid work model Private medical care 25 days holiday HOW TO APPLY Please register your interest by sending your CV to Rosie Walsh through the ‘Apply’ link

**Do you want your voice heard and your actions to count?**



Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the worldu2019s leading financial groups. Across the globe, weu2019re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.



With a vision to be the worldu2019s most trusted financial group, itu2019s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.



Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.



**OVERVIEW OF THE DEPARTMENT/SECTION**



Enterprise Risk Management (ERM) is responsible for supporting the EMEA Chief Risk Officer to implement an effective risk governance framework across MUFG EMEA, and providing a holistic view of the risks facing MUFG in EMEA, including environmental and social risk management.



The Model Risk Management (MRM) within ERM is responsible for model governance and the validation of models used by MUFG in EMEA. This includes, among others, risk models which are used for risk measurement and decision-making purposes. MRM works closely with Risk Analytics and Front Office quants to ensure that all risk models are validated on a periodic basis as well as at inception and changes. MRM provides regular model risk reporting to model oversight committees and the Board.



**MAIN PURPOSE OF THE ROLE**



Independent model validation of quantitative methodologies, both initial and periodic, across all asset classes and model types (derivative pricing models, credit and market risk, capital models, AI models, etc. ) and in line with regulatory requirements and industry best practice. The validation regularly requires an independent implementation of the models and the implementation of alternative challenger models.



**KEY RESPONSIBILITIES**


Initial and periodic validation of quant models
Designing, modelling and prototyping challenger models
Quantitative analysis and review of model frameworks, assumptions, data, and results
Testing models numerical implementations and reviewing documentations
Checking the adherence to governance requirements
Documentation of findings in validation reports, including raising recommendations for model improvements
Ensuring models are validated in line with regulatory requirements and industry best practice
Tracking remediation of validation recommendations



**SKILLS AND EXPERIENCE**



Essential:


At least a first relevant experience in quantitative modelling (model development or validation) in one or more of these topics:
Market risk models
Counterparty credit risk models
Derivatives pricing models



Optional:


Capital models (Economic/Regulatory)
Corporate credit risk models (IRB, PD/LGD/EAD)



**Competencies:**



Essential:


Good background in Math and Probability theory - applied to finance.
Good knowledge of Data Science and Statistical inference techniques.
Good understanding of financial products.
Good programming level in Python or R or equivalent.
Good knowledge of simulation and numerical methods
Awareness of latest technical developments in financial mathematics, pricing, and risk modelling



Beneficial:


Experience with AI models
Experience with C++ or C# or equivalent



Optional:


Up-to-date knowledge of regulatory capital requirements for market and credit risk



**Education :**


A Postgraduate degree in a quantitative discipline (e.g., statistics, mathematics, mathematical finance, econometrics)



**PERSONAL REQUIREMENTS**


Strong problem solving skills
Strong numerical skills
A structured and logical approach to work
Excellent attention to detail
Excellent written and oral communication skills
Ability to clearly explain technical matters
A pro-active, motivated approach



**PERFORMANCE AND DUTIES**



We are open to considering flexible working requests in line with organisational requirements.



MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.



We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.



At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!



**Our Culture Principles**


Client Centric
People Focused
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute

**Do you want your voice heard and your actions to count?**



Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the worldu2019s leading financial groups. Across the globe, weu2019re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.



With a vision to be the worldu2019s most trusted financial group, itu2019s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.



Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.



**OVERVIEW OF THE DEPARTMENT/SECTION**



Enterprise Risk Management (ERM) is responsible for supporting the EMEA Chief Risk Officer to implement an effective risk governance framework across MUFG EMEA, and providing a holistic view of the risks facing MUFG in EMEA, including environmental and social risk management.



The Model Risk Management (MRM) within ERM is responsible for model governance and the validation of models used by MUFG in EMEA. This includes, among others, risk models which are used for risk measurement and decision-making purposes. MRM works closely with Risk Analytics and Front Office quants to ensure that all risk models are validated on a periodic basis as well as at inception and changes. MRM provides regular model risk reporting to model oversight committees and the Board.



**MAIN PURPOSE OF THE ROLE**



Independent model validation of quantitative methodologies, both initial and periodic, across all asset classes and model types (derivative pricing models, credit and market risk, capital models, AI models, etc. ) and in line with regulatory requirements and industry best practice. The validation regularly requires an independent implementation of the models and the implementation of alternative challenger models.



**KEY RESPONSIBILITIES**


Initial and periodic validation of quant models
Designing, modelling and prototyping challenger models
Quantitative analysis and review of model frameworks, assumptions, data, and results
Testing models numerical implementations and reviewing documentations
Checking the adherence to governance requirements
Documentation of findings in validation reports, including raising recommendations for model improvements
Ensuring models are validated in line with regulatory requirements and industry best practice
Tracking remediation of validation recommendations



**SKILLS AND EXPERIENCE**



Essential:


At least a first relevant experience in quantitative modelling (model development or validation) in one or more of these topics:
Market risk models
Counterparty credit risk models
Derivatives pricing models



Optional:


Capital models (Economic/Regulatory)
Corporate credit risk models (IRB, PD/LGD/EAD)



**Competencies:**



Essential:


Good background in Math and Probability theory - applied to finance.
Good knowledge of Data Science and Statistical inference techniques.
Good understanding of financial products.
Good programming level in Python or R or equivalent.
Good knowledge of simulation and numerical methods
Awareness of latest technical developments in financial mathematics, pricing, and risk modelling



Beneficial:


Experience with AI models
Experience with C++ or C# or equivalent



Optional:


Up-to-date knowledge of regulatory capital requirements for market and credit risk



**Education :**


A Postgraduate degree in a quantitative discipline (e.g., statistics, mathematics, mathematical finance, econometrics)



**PERSONAL REQUIREMENTS**


Strong problem solving skills
Strong numerical skills
A structured and logical approach to work
Excellent attention to detail
Excellent written and oral communication skills
Ability to clearly explain technical matters
A pro-active, motivated approach



**PERFORMANCE AND DUTIES**



We are open to considering flexible working requests in line with organisational requirements.



MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.



We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.



At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!



**Our Culture Principles**


Client Centric
People Focused
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute

**Do you want your voice heard and your actions to count?**
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups. Across the globe, we're 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
**OVERVIEW OF THE DEPARTMENT/SECTION**
Enterprise Risk Management (ERM) is responsible for supporting the EMEA Chief Risk Officer to implement an effective risk governance framework across MUFG EMEA, and providing a holistic view of the risks facing MUFG in EMEA, including environmental and social risk management.
The Model Risk Management (MRM) within ERM is responsible for model governance and the validation of models used by MUFG in EMEA. This includes, among others, risk models which are used for risk measurement and decision-making purposes. MRM works closely with Risk Analytics and Front Office quants to ensure that all risk models are validated on a periodic basis as well as at inception and changes. MRM provides regular model risk reporting to model oversight committees and the Board.
**MAIN PURPOSE OF THE ROLE**
Independent model validation of quantitative methodologies, both initial and periodic, across all asset classes and model types (derivative pricing models, credit and market risk, capital models, AI models, etc. ) and in line with regulatory requirements and industry best practice. The validation regularly requires an independent implementation of the models and the implementation of alternative challenger models.
**KEY RESPONSIBILITIES**
+ Initial and periodic validation of quant models
+ Designing, modelling and prototyping challenger models
+ Quantitative analysis and review of model frameworks, assumptions, data, and results
+ Testing models numerical implementations and reviewing documentations
+ Checking the adherence to governance requirements
+ Documentation of findings in validation reports, including raising recommendations for model improvements
+ Ensuring models are validated in line with regulatory requirements and industry best practice
+ Tracking remediation of validation recommendations
**SKILLS AND EXPERIENCE**
Essential:
+ At least a first relevant experience in quantitative modelling (model development or validation) in one or more of these topics:
+ Market risk models
+ Counterparty credit risk models
+ Derivatives pricing models
Optional:
+ Capital models (Economic/Regulatory)
+ Corporate credit risk models (IRB, PD/LGD/EAD)
**Competencies:**
Essential:
+ Good background in Math and Probability theory - applied to finance.
+ Good knowledge of Data Science and Statistical inference techniques.
+ Good understanding of financial products.
+ Good programming level in Python or R or equivalent.
+ Good knowledge of simulation and numerical methods
+ Awareness of latest technical developments in financial mathematics, pricing, and risk modelling
Beneficial:
+ Experience with AI models
+ Experience with C++ or C# or equivalent
Optional:
+ Up-to-date knowledge of regulatory capital requirements for market and credit risk
**Education :**
+ A Postgraduate degree in a quantitative discipline (e.g., statistics, mathematics, mathematical finance, econometrics)
**PERSONAL REQUIREMENTS**
+ Strong problem solving skills
+ Strong numerical skills
+ A structured and logical approach to work
+ Excellent attention to detail
+ Excellent written and oral communication skills
+ Ability to clearly explain technical matters
+ A pro-active, motivated approach
**PERFORMANCE AND DUTIES**
We are open to considering flexible working requests in line with organisational requirements.
MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.
We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
**Our Culture Principles**
+ Client Centric
+ People Focused
+ Listen Up. Speak Up.
+ Innovate & Simplify
+ Own & Execute

SENIOR MODEL RISK GOVERNANCE MANAGER – 12 MONTH FTC UP TO £110,000 LONDON A new position has become available at an established digital bank in London. They are continually growing, and this FTC won’t be on the market for long. This opportunity will involve working across all business areas on implementation and compliance assessment of the Model Risk Policy and all related modelling standards for the business. THE COMPANY This is an award-winning bank based in London who put emphasis on company growth and customer satisfaction. Culture is very important to them as well as employee well-being. It is company you will want to stay with on a long-term basis. They also have a hybrid working from home and office system providing great flexibility for its workers. THE ROLE You can expect to be involved in the following day to day: Collaborate with teams across the business to support the implementation and compliance evaluation of the Model Risk Policy. Take ownership of scheduled reviews of Model Risk Governance Policies and Standards. Maintain and update the Model Inventory, including risk assessments and associated reporting. Monitor and provide updates on model compliance with governance requirements. Stay informed on industry developments and regulatory expectations to strengthen the Bank’s framework for managing model and AI risk. Present reports to Committees on model performance, including alignment with the Bank’s model risk appetite. Design and deliver an assurance plan for model and AI risk, and carry out assurance reviews. SKILLS AND EXPERIENCE Tenure and seniority in the model governance space Open on model background across IFRS9, forecasting, treasury, scorecards and financial models Retail lending experience SALARY AND BENEFITS Up to £110,000 base salary Pension contribution Private Healthcare 25 days holiday allowance plus birthday off HOW TO APPLY Please register your interest by sending your CV to Shane McWilliams via the Apply link on this page.

SENIOR MODEL RISK GOVERNANCE MANAGER – 12 MONTH FTC UP TO £110,000 LONDON A new position has become available at an established digital bank in London. They are continually growing, and this FTC won’t be on the market for long. This opportunity will involve working across all business areas on implementation and compliance assessment of the Model Risk Policy and all related modelling standards for the business. THE COMPANY This is an award-winning bank based in London who put emphasis on company growth and customer satisfaction. Culture is very important to them as well as employee well-being. It is company you will want to stay with on a long-term basis. They also have a hybrid working from home and office system providing great flexibility for its workers. THE ROLE You can expect to be involved in the following day to day: Collaborate with teams across the business to support the implementation and compliance evaluation of the Model Risk Policy. Take ownership of scheduled reviews of Model Risk Governance Policies and Standards. Maintain and update the Model Inventory, including risk assessments and associated reporting. Monitor and provide updates on model compliance with governance requirements. Stay informed on industry developments and regulatory expectations to strengthen the Bank’s framework for managing model and AI risk. Present reports to Committees on model performance, including alignment with the Bank’s model risk appetite. Design and deliver an assurance plan for model and AI risk, and carry out assurance reviews. SKILLS AND EXPERIENCE Tenure and seniority in the model governance space Open on model background across IFRS9, forecasting, treasury, scorecards and financial models Retail lending experience SALARY AND BENEFITS Up to £110,000 base salary Pension contribution Private Healthcare 25 days holiday allowance plus birthday off HOW TO APPLY Please register your interest by sending your CV to Shane McWilliams via the Apply link on this page.