Analyst Model Validation

Description:

This is a fantastic opportunity for a driven and enthusiastic individual to join our growing Independent Validation team! If you are interested in producing value-adding analytics to support real-world decisions for customers and colleagues alike, this could be the next step for your career. The team's focus covers a range of models across different business areas, and successful candidates will be empowered to engage with stakeholders throughout the Group on important subjects like model usage and performance, impacts to customer decisions and product pricing, and regulatory requirements.

The Validation Unit assesses all models used across the Group and offers the opportunity to acquire a wide variety of experience to different models supporting relevant processes including new business origination, pricing, capital, and market / liquidity risk management.

You will be primarily responsible for sourcing and generating validation datasets, analysis and critical review of related data, assessment of model performance and ultimately delivering validation reports on the status of the underlying models.

In this role, you will:

• Analyse the validation of allocated models working with the team to ensure their adherence to internal Group Standards.
• Be responsible for data management and analysis of information from various sources.
• Undertake statistical analysis and critical review of same. This includes discrimination, calibration, population stability & sensitivity measures; interpret and report on the results of this analysis.
• As part of the validation activities, ensure active and positive communication exists with the team and with relevant partners involved in the model validation process.
• Produce validation reports for all model validations to a standard appropriate for reporting to internal and external partners.
• Explore innovative approaches to model validation assessment and experiment with new techniques that could improve the validation process.