Audit Manager-Actuarial and Model Risk
The company
Our client is one of the UK's most recognised Financial Services brands. They currently have an opportunity for a model risk expert to join their team, providing risk and control oversight across their modelling activities. This role is an excellent opportunity for an experienced actuary or model risk professional to utilize their technical knowledge and people skills, while gaining oversight of a broad range of financial models.
The opportunity
- Lead and support the delivery of complex, high-quality audits to provide independent assurance and agree on management actions to enhance the control framework.
- Establish and build relationships with stakeholders to educate the business on the control framework and influence business processes and actions to improve controls.
- Collaborate across the risk and business audit matrix to understand business priorities and risk appetite, identify key controls, and evaluate their design effectiveness with minimal supervision.
- Define, propose, and complete testing of key controls to evaluate their operational effectiveness with minimal supervision.
Your profile
- Experience as a banking model risk, governance, or validation professional, or as an actuary with expertise in capital and/or Solvency II modeling.
- Knowledge of the model life cycle and associated risks.
- Skills in statistical analysis and qualitative techniques for model validation.
- Experience with credit risk modeling, regression-based models, retail credit risk scorecards, and related capital requirements and credit provision techniques.
- Knowledge of capital modeling and optimization.
- Understanding of capital management frameworks and regulatory capital treatments.
- Ideally, experience in effective model risk management and governance.