Job Description

About the team

The Model Validation team supports the group function by ensuring that models are subject to robust governance and well understood in respect to their purpose, limitations and strengths.

What you will be doing?

In this role is you will have the opportunity to execute model validation activity across a breadth of models and purposes ensuring that models are subject to robust and proportionate independent validation providing assurance to key model committees that the models are assured as to their quality and risk.

In this interesting role, you will gain access to a number of senior stakeholders across the business whilst having the opportunity to support IRB project work.

Please note this is a fixed term contract for period of 12 months.

Your responsibilies will include:

• Validation of models across all aspects of the model lifecycle. Including assessing the appropriateness of the data utilised, the methodologies, the performance of the model, the clarity of the model documentation, appropriateness of model monitoring, and the use of the model. In practice you will be expected to:
• Perform independent analysis utilising statistical techniques to interrogate, review and challenge model development evidenced through robust validation reports.
• Engage with the Head of Model Validation on findings and recommended materiality.
• Provide clarity to the model owner / model developer as to the findings / query such that the matter is understood.
• Utilise expertise to agree any remedial actions with the model development team in review meetings.
• Provide, where relevant, views on regulatory compliance with items such as SS3/18.
• Produce comprehensive validation reports in line with the validation framework for review at the appropriate Committee / approval body.
• Managing and engaging stakeholders across the organisation to ensure effective model validation practice is embedded.
• Supporting the Model Governance and Validation team in improving polices, standards and practices across the group.

What's in it for you?

We offer a base salary of £50,000-£60,000 dependent on experience and a competitive benefits package including:

• Enhanced family-focused benefits
• Hybrid-working
• Annual bonus opportunity (pro-rata’d)

About us

At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become ‘the bank of the future’.

Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.

Do you have the skills?

We are looking for talented individuals who have the skills set out below:

• Previous experience working within a similar model validation or model development related role is essential.
• Advanced use and application of data modelling and data analysis software: specifically, SAS, WPS or similar are essential.
• Up to date knowledge of PRA and EBA requirements are essential, including IRB requirements.
• A degree or equivalent qualification in a quantitative field is essential.

Next steps

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.

Still on the fence? Hear from our team or explore our process: OSB Careers

Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational – inclusive any individual reasonable support required. We want to bring out the best in you!

Diversity, Equity & Inclusion

Not sure if you meet the spec? Let us decide.

Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don’t feel like you need to check every box to apply for a role internally.

We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.