Model Risk & Controls Lead
Welcome to the exciting world of NatWest Group! We are currently seeking a highly skilled and motivated individual to join our team as a Model Risk & Controls Lead. In this role, you will have the opportunity to work alongside a dynamic and diverse team, playing a crucial role in our risk management function. We are looking for an individual who possesses a strong understanding of model risk and controls, and is passionate about driving effective risk management practices. If you have a keen eye for detail and a passion for shaping best practices in risk management, we want to hear from you!
- Develop and implement model risk management policies and procedures to ensure compliance with regulatory requirements and industry best practices.
- Conduct thorough reviews and assessments of all models used within NatWest Group to identify potential risks and control weaknesses.
- Collaborate with cross-functional teams to ensure all models are properly validated, documented, and monitored.
- Lead the design and execution of quantitative risk assessments to evaluate the effectiveness of model risk controls.
- Monitor and report on the overall health of the model risk management framework, highlighting any areas of concern or improvement.
- Act as a subject matter expert on model risk and controls, providing guidance and training to team members and stakeholders.
- Stay current on industry trends and developments in model risk management and proactively identify opportunities for improvement within NatWest Group.
- Collaborate with internal and external auditors to facilitate model risk audits and address findings.
- Develop and maintain strong relationships with key stakeholders to ensure effective communication and alignment on model risk management practices.
- Drive a culture of risk awareness and accountability within NatWest Group, promoting a strong risk management culture throughout the organization.
Strong Understanding Of Model Risk Management Frameworks And Best Practices, Including Experience With Regulatory Requirements Such As Sr 11-7 And Ccar/Dfast.
Extensive Knowledge Of Financial Products And Models Used In Risk Management, Including Credit, Market, And Operational Risk Models.
Proven Experience In Developing And Implementing Model Risk Policies And Procedures, Including Model Validation And Ongoing Monitoring Processes.
Excellent Communication And Stakeholder Management Skills, With The Ability To Effectively Collaborate With Various Teams And Senior Management.
Strong Analytical And Problem-Solving Skills, With The Ability To Identify And Mitigate Potential Model Risks And Control Gaps.
Risk Management
Process Improvement
Project Management
Data Analysis
Communication
Problem Solving
Auditing
Financial Modeling
Compliance
Stakeholder management
Model Governance
Controls Oversight
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
Interpersonal Skills
creativity
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Model Risk & Controls Lead in Edinburgh, UK is £60,000 to £80,000 per year. However, this can vary depending on factors such as the specific company, industry, level of experience, and education. Factors such as bonuses, benefits, and location can also impact the overall salary range. It is best to research specific job listings and speak with hiring managers to get a more accurate understanding of the salary for this position in Edinburgh.
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NatWest Group plc is a majority state-owned British banking and insurance holding company, based in Edinburgh, Scotland.
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