About the roleThe main goal of this role is to help manage model risk within the 1st line Credit Risk teams where models are created and used. Although the role reports to the Head of Risk Measurement], the person in this role will work closely with different Credit Risk teams and support the entire Credit Risk function.The role involves managing risks for both existing and new models in Credit Risk, ensuring that regulatory guidelines (like SS1/23 Model Risk Principles for Banks) and internal standards (like the Model Risk Framework) are followed.Additionally, the role requires working closely with the Society’s independent 2nd line model validation team.About youTo be successful in this role we are looking for an understanding of Advanced IRB or IFRS9 modelling techniques (PD, LGD, EAD) for Retail credit portfolios, (previous experience of model development, execution, or validation would be an advantage). Experience in other asset classes or related areas will also be considered.You should have good grammar, be skilled in writing technical documents, and be comfortable presenting at risk committees and to senior stakeholders.Knowledge or understanding of PRA Supervisory Statement SS1/23 is important.Knowledge of programming in SAS, SQL, or R is helpful, but training can be provided if needed. Advanced MS Excel skills are required.Desirable:Experience with Scorecards (like Application or Behavioural) is a plus.Familiarity with balance sheet forecasting software, such as QRM, would be an advantage.About usAs a mutual, we’ve always worked together to improve the lives of others. Now one of the largest Building Societies in the UK, over 3,000 of us share that goal, in our branches and Head Office. Our benefits go beyond basic pay, with a discretionary bonus scheme, a culture of reward and recognition and total support for our wellbeing.We’re serious about equality, of race, age, faith, disability, and sexual orientation, but also of personality and the way we think. By being yourself, you’ll make us stronger. You can build so much more than a career.Come and make a difference in our Society, that’s been voted a ‘Great Place to Work’ by our teams.Flexibility and why it mattersWe understand the need for flexibility, so wherever possible, we’ll consider alternative working patterns. Have a chat with us before you apply to see what the possibilities are for this role.

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