Model Risk Oversight Analyst

Overview

In this role you will join the Model Risk Oversight Team within Retail Credit Risk Analytics for UK Wealth and Personal Banking, focusing on model risk management for lending decisions and Basel regulatory reporting. You’ll ensure robust governance, issue and control management, and regulatory compliance aligned to SS1/23 and Global Model Risk Policy. You’ll collaborate with stakeholders across first and second line to maintain governance excellence and provide senior stakeholders with clear risk insights. This is a client-facing, impact-driven opportunity in a large, global bank.

Pay / Benefits

• private healthcare for UK-based employees
• enhanced maternity and adoption pay and return-to-work support
• contributory pension scheme with generous employer contribution
• competitive pay and benefits package
• opportunities for professional development

Responsibilities

• Facilitate model governance forums by preparing packs, minutes and approvals and route changes to PRA submission when required
• Monitor model risk metrics and compliance, explain results, and escalate breaches
• Manage first line post-validation activity by tracking action plans and drafting sponsor summaries
• Maintain a high-quality model inventory in GMIS
• Oversee issue and control management by tracking MSIIs and raising new ones to policy
• Create dashboards and monthly RMF reports for senior stakeholders
• Implement regulatory and policy changes (SS1/23, Global Model Risk Policy) across oversight processes
• Simplify and automate oversight processes to reduce duplication and strengthen continuity

Key requirements

• Retail product knowledge across Credit Cards, Mortgages, Loans and Overdrafts
• Experience in credit risk analytics, modelling, model management or governance
• Strong organisational skills across governance deliverables and fixed timelines
• Clear written and verbal communication tailored to technical and senior audiences; escalate issues
• Proficiency with Microsoft Office and Co-Pilot; exposure to GMIS or Helios governance tooling
• Ability to collaborate across MRM and GRCR for consistent governance outcomes
• Understanding of model risk governance concepts (changes, monitoring, inventories, issues, controls, approvals)
• Familiarity with regulatory expectations and policy delivery (SS1/23, model risk policy)

• Clear communication
• Cross-team collaboration
• Attention to detail
• Microsoft Office
• Co-Pilot
• GMIS

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