Model Risk Capabilities Officer

NatWest Group

Oct 10, 2024

Applications are closed

Job
Full-time
Mid & Senior Level
Banking & Finance
Bangalore

Requirements

We’re looking for someone with model and statistics experience, paired with exposure in model risk management. You’ll also need to be educated to degree level in risk management, statistics, mathematics, business, economics, finance or other related field or have equivalent work experience.
Experience of developing, maintaining and administering policies and procedures
The ability to effectively manage multiple priorities in a fast-paced, time-sensitive environment
Excellent verbal and written communication skills with the ability to present complex issues in a user-friendly, clear, concise format to all levels of audience
Strong attention to detail
The ability to prioritise, anticipate needs and adapt to changing priorities

Responsibilities

We’ll look to you to support the continuous improvement of the model validation framework, system and reporting requirements and deliver planning and control support across the wider team
You’ll be supporting robust model validation management across the bank through effective policies, standards, procedures and system design
This is an opportunity to make a real impact and be pivotal in the success of our business, while benefiting from great variety and exposure
As a Model Risk Capabilities Officer, you’ll be providing input to the design and implementation of model validation framework elements which are compliant with regulatory and bank-wide requirements
You’ll also be supporting the oversight of model risk profile and model risk policy compliance across the bank through the provision of insightful MI
Supporting the coordination of all model risk policy administration, including annual review activities
Supporting the management of updates to model validation documentation to ensure the continuous improvement of model validation and alignment to our strategic framework requirements
Providing insights to support the oversight of policy compliance and risk appetite across the bank
Supporting the administration of model validation governance
Supporting the development of educational materials and training on model validation

FAQs

What is the job title for this position?

The job title is Model Risk Capabilities Officer.

What is the closing date for applications?

The closing date for applications is 15/10/2024.

Where is this position located?

This position is located in Bangalore, India.

Is this a permanent position?

Yes, this is a permanent position.

What type of working arrangement is available for this role?

The role offers a full-time working arrangement with options for hybrid working and flexible hours.

What will my main responsibilities be as a Model Risk Capabilities Officer?

Your main responsibilities will include supporting the continuous improvement of the model validation framework, managing model validation documentation, providing insights for policy compliance, and helping develop educational materials and training on model validation.

What qualifications do I need to apply for this position?

You should be educated to degree level in risk management, statistics, mathematics, business, economics, finance, or a related field, or have equivalent work experience.

What skills are required for this role?

Required skills include experience in developing and administering policies and procedures, excellent communication skills, attention to detail, and the ability to manage multiple priorities in a fast-paced environment.

Is this position entry-level?

No, this position is offered at the associate level.

What kind of background is ideal for this role?

An ideal background includes experience in model and statistics, exposure in model risk management, and compliance oversight.

How can I stay updated on job opportunities if I’m not ready to apply?

You can join the Talent Community to receive details about new roles, events, and articles that match your interests.

NatWest Group

A relationship bank for a digital world. We champion potential.

Finance

Industry

10,001+

Employees

1968

Founded Year

Mission & Purpose

We’re a business that understands when our customers and people succeed, our communities succeed, and our economy thrives. As part of our purpose, we’re looking at how we can drive change for our communities in enterprise, learning and climate. As one of the leading supporters of UK business, we’re prioritising enterprise as a force of change. We’re focusing on the people and communities who have traditionally faced the highest barriers to entry and figuring out ways to remove these. Learning is also key to our continued growth as a company in an ever changing and increasingly digital world. By setting a dynamic and leading learning culture, our people prosper, and our customers are given the tools to continue to improve their financial capability and confidence. One of the biggest challenges we all face in our future is climate change. That’s why we’ve put it right at the core of our purpose. We want to champion climate solutions with financing and entrepreneurial support, fully embed climate into our culture and decision making, and be climate positive by 2025. We’re committed to using our purpose to break down barriers, drive change and ultimately create a great place to work.