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Head of Risk Model Development

Reading, Berkshire, United Kingdom, £ £ - Annual Annual, Permanent


Heard of us?

We're a nimble and ambitious financial services specialist. Backing people to fulfil life's hopes and dreams, delivering the most compelling customer experience across Banking and Motor Finance.

Now is your chanceā€¦

The Head of Risk Model Development is a second-line role reporting to the Model Risk & Innovation Director. The role will play a critical part in positioning Risk as a strategic enabler of the business, helping to create a modernised and increasingly nimble Risk function, and will be responsible for the development and ongoing maintenance of all Risk-owned models across the Group, including credit origination, capital, provisioning and stress testing. There are three primary areas of responsibility:

Development of Risk-owned Models
Regular Model Monitoring
Model Governance and Review of non-Risk ModelsThe Head of Risk Model Development also acts as an ambassador of Our Promises and will demonstrate the associated behaviours at all times.

The role of Head of Risk Model Development is really important to us.

When the time is right, we would love to welcome you to one of our hub offices in Reading, Cardiff or Manchester. In the meantime you will be based remotely. You'll be made to feel part of your new team by your Line Manager, Model Risk & Innovation Director, and colleagues through regular contact and virtual interaction.

What would your day look like?

Leading the design, development and deployment of models that inform strategic decisions which impact the Group's overall plan for its business model, choice of markets and funding strategy.
Ensuring that the Group has implemented a robust model development process and executes an appropriate use of models.
Ensuring that models are compliant with regulatory requirements.
Working with the IRB Programme on internal and regulatory engagement around models to support the bank's plans on achieving Advanced IRB status
Designing and implementing regular model monitoring that is concise and insightful.
Collaborating with Risk COO to drive the specification of data structures required for modelling and to ensure that data used in model development is fit for purpose.
Supporting model governance by driving efficient operation of the Model Management Forum.
Leading the independent review of non-risk models (e.g. pricing) and presenting an independent opinion to facilitate approval decisions by the chair of Model Management Forum.
Working with the Model Risk & Innovation Director to develop a strategic roadmap for Models.What do we expect of you?

Technical skills developed in a quantitative environment, with hands-on experience of risk model development, gained in an AIRB bank.
Strong grasp of modelling methodologies and techniques as applied across a range of model types.
Excellent understanding of relevant regulation - e.g. CRR, PRA SS 11/13, EBA, IFRS 9
Demonstrated experience in leading model development projects and successful delivery of models that pass internal validation and regulatory scrutiny.
Proven track record of leadership and strategic influence.
Competent at leading, coaching, developing and motivating highly skilled technical teams
Effective communicator, adept at presenting complex technical problems and solutions clearly and simply.
Deep knowledge of existing Financial Services regulatory environment and risk management approaches and appetite for continued learning. What can you expect of us?

A friendly and flexible culture, synonymous with our proposition to our customers.
A growing organisation that defines itself as being nimble, lean and strong.
A drive for continuous improvement, which you will be empowered to get behind from day one.
A communicative, accessible and approachable ExCo.And of course, you will be compensated competitively, with a good range of core benefits and bonus potential.

Still Curious?

Aldermore Group was formed by bringing together two very successful businesses, Aldermore Bank and MotoNovo Finance, under the First Rand umbrella. Whilst our parent company operates internationally from their HQ in South Africa, we are a UK-based financial services specialist that supports our customers across a range of products and services.

Underpinned by our strategic blueprint, "backing people to fulfil life's hopes and dreams", we thrive upon saying "yes" to our customers. We respect the ingenuity of entrepreneurs and their startups; we give first-timers a leg-up onto the property ladder; and we open up the lending market to many.

This is where you come in. We are on a journey. A journey defined by a destination; to deliver on our purpose over the course of the next 3 to 5 years.

Join us today and we will make the same promises to you as an employee, as we do to each of our customers. We are committed to building a working environment that values respect, diversity, and compassion. We welcome people regardless of age, disability, gender identity, marital status, race, faith or belief, sexual orientation, socioeconomic background, and whether you're pregnant or on family leave.

If you're interested but not sure if you meet all the criteria listed... have a chat with us.


Aldermore Group is an equal opportunities employer.

We do not accept speculative agency CVs. Any CV received by Aldermore Group will be treated as a gift and not eligible for an agency fee. PSL agencies should only send CVs if authorised to do so by HR.

Where a DBS check or CIFAS check is identified as necessary, all application forms, job adverts and recruitment briefs will contain a statement that an application for a DBS certificate or a CIFAS check will be submitted in the event of the individual being offered the position

Job Details

Not Specified
Reading, Berkshire, United Kingdom
£ £ - Annual Annual