Business Unit:  Group Risk, Model Risk Management
Salary range: £60,000 - £90,000  per annum DOE + red-hot benefits
Location:  UK Remote 
Contract type: Permanent

Live for the weekday. Live a life more Virgin.

Our Team

Ensuring we have robust Model Risk Management frameworks in place is essential for us to comply with complex regulations and increasing regulatory expectations. We provide and evidence oversight in the form of independent validations, reviews, and challenge model development activities. We ensure we adhere to frameworks and policies by supporting identification and remediation of gaps in compliance.

We are looking to fill a Model Validation Manager position in Independent Model Validation. As part of the team, you’ll help to secure the foundations of our business decisions by providing effective leadership of quantitative and qualitative validations across our model landscape.

What you’ll be doing

• Leading and performing end-to-end model validations of new and revised models to ensure models are fit for purpose
• Leading a small team of model validators covering an array of model types and performing highly analytical validations
• Providing industry and statistical expertise to inform the discussion between Model Validation and Model Development during the model build and model review process
• Communicating complex technical subject matter clearly and concisely, both verbally and through written communication
• Producing qualitative and quantitative analysis for executive-level reports
• Utilising your technical skills in data manipulation and extraction.

We need you to have

• Significant experience with model development and/or model validation in some of the following areas: IFRS 9, Stress Testing, Climate Risk, IRB
• Proven leadership skills and people management skills
• Highly analytical with a numerate degree or equivalent technical experience
• Demonstrable proficiency in programming languages such as SAS/Python/R/SQL
• Excellent written and oral communication skills. Ability to articulate complex technical concepts to non-technical specialists
• Ability to effectively prioritize and manage multiple projects and deadlines

It’s a bonus if you have but not essential

• Technical knowledge of Model Risk Management and Capital Requirement Regulation
• Adept at engaging with leadership and key stakeholders to drive consensus and action
• Experience of leading a team in a fast-paced environment including effective resource management, positive behaviours, and performance coaching/development to build capabilities

Red Hot Rewards

• Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time)​ plus the option to buy more.
• Up to five extra paid well-being days per year​. 
• 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt. 
• Market-leading pension.
• Free private medical cover, income protection and life assurance.
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness. 

And there's no waiting around, you'll enjoy these benefits from day one.

Feeling insatiably curious about this role? If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.

We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.

Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank.  As a full-service digital bank with a heritage stretching back over 180 years, we’re a workforce to be reckoned with, and we're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We're customer-obsessed and work tirelessly to deliver on our purpose, ‘Making You Happier About Money.’ This means we're able to do banking differently, and by innovating and working together we can make a real difference by creating memorable moments and red-hot experiences for our millions of customers. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work. 

Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities.  We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.  

As a Disability Confident Leader, we're committed to removing any obstacles to inclusion.  If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team careers@virginmoney.com

It’s important to note that there may be occasions where it’s not possible to interview all candidates declaring a disability who meet the essential criteria for the job. In certain recruitment situations such as receiving a high-volume of applications, we may need to limit the overall numbers of interviews offered to both disabled and non-disabled applicants. 

Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.

If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.