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 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 an subject matter expert in model validation for our colleagues up to Board level and externally to the regulator.
About the Role
You will be responsible for leading the expanded 2nd line Credit Risk Model Validation team, with a focus on models employed including (but not limited to) the IRB Rating system, IFRS 9, Stress Testing and Scorecards, and you will be part of a Model Risk Oversight team responsible for models across the whole organisation.
Through your leadership of the team, you’ll provide independent insight and oversight on the design, implementation and model use to the Society’s Model Risk Committee, ensuring that all activities operate within the Society’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 credit risk modelling approaches, and providing model validation across Credit Risk models, in particular Internal Ratings Based Capital Modelling, which will be a key focus area for the team in the next 2 years.
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 in to 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 were 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 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.
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