Model Risk Oversight Lead Manager - Model Validation

Client:

Location:

Leeds, United Kingdom

Job Category:

Finance

EU work permit required:

Yes

Job Reference:

3574852c5801

Job Views:

9

Posted:

02.04.2025

Expiry Date:

17.05.2025

Job Description:

YBS is going through a transformation journey and with this, our Risk teams are growing to ensure we can support and protect the Society. We have created some new Lead Manager vacancies in our Prudential Risk team to oversee our Model Risk and this position is one of these new roles.

We are looking for someone to join the team as a Model Risk Oversight Lead Manager to be a subject matter expert in model risk validation for our colleagues up to Board level and externally to the regulator.

About the Role

You will be responsible for leading the 2nd line model risk validation team to provide validation and oversight of all the Society’s models.

You’ll provide independent insight and oversight on the design, implementation and model use to the Society’s Model Risk Committee, covering all models employed including (but not limited to) the IRB Rating system, Retail Credit, ALM and Finance Models.

You will lead the model risk oversight validation team to ensure all activities operate within the Group’s risk appetite and comply with internal policies and all regulatory standards / guidance.

You will be partnering with key business stakeholders and divisions to drive the embedding of Model Risk and EUC risk best practice in YBS, acting as a key strategic enabler for Model Risk to enable the business to better understand and manage the associated risk profile.

About You

You must have a background within risk management within the banking sector, with a good understanding of modelling approaches, and providing model validation across a range of models, in particular Retail Credit/IRB, ALM and Finance.

Due to the level of stakeholders you will be working with you must have excellent communication skills and be able to translate technical concepts and facts into clear and understandable information for colleagues.

About us

At YBS we don’t have shareholders, we have members. We care about people and that includes you. So here, you’ll be respected for who you are, you’ll be able to bring your whole self to work, and you’ll have everything you need to build a long and rewarding career.

Flexibility

We offer a range of flexible working options without unsocial hours, which can help you find a healthy work-life balance. Whether it’s finishing early for an appointment or fitting your studies and hobbies in around your working hours, we can help make it work for you. We’re happy to talk flexible working and you can reach out to us anytime during the recruitment process to discuss this.

Development

We want you to feel challenged here. Whatever your ambitions, we’re committed to helping you develop your skills and move ahead in your career journey. From day one, we’ll set you up for success with a brilliant induction and full training plan, all designed to get you up to speed quickly.

Inclusivity

We’re passionate about creating an inclusive environment where everyone is welcome and able to be themselves. If you’ll go the extra mile to help our members, you’ll fit right in and feel you belong here.

About our Benefits

We offer lots of fantastic rewards that you can make the most of in and out of work, including:

Holiday: You’ll get 25 days plus Bank Holidays, as well as the option to buy up to a further 5 days.

Bonus: At YBS we work collaboratively and share in our success together, so when we reach our goals we’re all rewarded with an on target bonus of 7% of eligible pay (with the opportunity to earn up to a maximum 15%).

Pension: We know how important it is to save towards the future, that’s why we’ll contribute up to 11% into your YBS pension.

Healthcare: Health and wellbeing are an important part of life at YBS, when you join us you’ll have access to a range of health benefits to suit your life including private medical insurance, dental and healthcare plans.

My Benefits: When you join YBS you’ll have access to our self-service benefits portal, where you can access a range of retail, hospitality and health discounts.

Ready to apply?

If you’re excited about this role and want to be part of the YBS team, click apply now to send us your application.

Want more information?

If you have any questions about this role, please contact Jess Wilkinson on jewilkinson@ybs.co.uk.