Model Risk Manager

Albany Beck is a leading consulting firm specialising in financial services, delivering innovative solutions to top-tier investment banks and financial institutions. Our Risk & Compliance practice is growing, and we are seeking a Model Risk Manager to work as a consultant, supporting a major investment bank in ensuring compliance with model governance policies throughout the model lifecycle.

This is an exciting opportunity for a risk professional to work on high-impact projects, supporting governance activities and ensuring regulatory compliance in a fast-paced banking environment.

Key Responsibilities

Model Governance & Compliance

• Support model owners across the bank to ensure compliance with internal model risk management policies and regulatory requirements (e.g., SR 11-7, Basel III, IFRS 9).
• Oversee the full model lifecycle, from development and validation to implementation, monitoring, and retirement.
• Maintain comprehensive model documentation, ensuring transparency and audit readiness.

Risk Assessment & Monitoring

• Assist with independent model risk reviews, identifying potential weaknesses in model design, assumptions, and data quality.
• Monitor model performance, track key risk indicators, and recommend remediation actions where needed.
• Identify model drift and ensure timely recalibration or retraining of models.

Regulatory & Audit Support

• Support internal risk committees, regulatory audits, and governance forums by preparing risk reports and compliance updates.
• Collaborate with auditors and regulatory bodies to address findings related to model risk.

Stakeholder Engagement & Training

• Act as a key liaison between model developers, risk teams, quantitative analysts, and senior management.
• Provide training and advisory support to model owners on governance best practices and policy adherence.
• Drive risk culture awareness and ensure stakeholders understand the importance of robust model risk management.

Key Skills & Experience

• Experience in model risk management, model validation, or risk governance within investment banking or financial services.
• Strong understanding of quantitative models, including credit risk, market risk, and stress testing models.
• Knowledge of regulatory frameworks such as SR 11-7, CCAR, Basel III, IFRS 9, PRA/FCA guidelines.
• Experience working with model risk frameworks, governance policies, and validation processes.

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