Job Introduction
The UK Risk department is responsible for risk control within Handelsbanken plc ensuring there is a comprehensive and objective view of all risks in the Bank’s business operations, providing independent management assurance to the UK CEO that the business are identifying and managing its risks adequately.
The prudential risk and quantitative analysis team (UKRQ) is responsible for the IRB Project, Model Risk Management, coordination of the yearly ICAAP and the stress test framework, among other responsibilities.
The Model Risk Management team within UKRQ are responsible for the design and maintenance of the Bank’s Model Risk Management Framework including the independent validation.
Main Responsibility
The successful applicant will take on an exciting role that will be leading the continuous development and embedment of the Bank’s Model Risk Management Framework, and also continue to build out and lead a team of model validation experts and model risk analysts. This role and function is critical to the Bank’s successful IRB application as well as the overall risk management of the Bank.
Responsibilities include, but are not limited to;
- Support the Head of UKRQ and the CRO by leading the continuous development of the model risk management function, including resource and capability planning;
- Support the continuous development of the team members;
- Embed the model risk management framework, including model identification, attestation, validation and monitoring. This also includes identifying what further training is needed of key stakeholders;
- Lead coordination and alignment with colleagues at Handelsbanken AB (Group) in areas realted to model risk management;
- Coordinate and lead the Model Oversight Committee;
- Report on model risk related matters to the management and board risk committee;
- Keep up to date and act on regulatory developments and industry best practise in areas related to model risk
The Ideal Candidate
- Evidence leadership skills and an interest in developing teams and people;
- Relevant experience working in financial services, including IRB model development. Experience from validation is preferred;
- Good understanding of model risk management and what constitutes an effective model risk management framework;
- Solid understanding of the IRB regulation (CRR, EBA, PRA) as well as regulatory guidelines and industry best practises for model risk management and model validation;
- Have a strong analytical background and numerical skills;
- Be proactive and able to act on their own initiative;
- Deliver high quality outcomes;
- Have an ability to communicate, analyse, articulate and present complex issues clearly and concisely both verbally and in writing;
About the Company
Handelsbanken is a relationship bank with a decentralised way of working, a strong local presence thanks to a nationwide network of branches, and a long-term approach to customer relations. Each Handelsbanken branch operates as a local business enabling it to make decisions at a local level and provide a bespoke service. The focus is always on the need of the individual customer and not on the sale of specific products.
The Bank is deeply committed to embedding good equality and diversity practice into all of our activities. This is so that we are an inclusive, welcoming and inspiring place to work that encourages everyone to apply, regardless of socio-economic background, age, disability, pregnancy and/or parental status, race (including colour, nationality, and ethnic or national origin), veteran status, marital and civil partnership status, religion or belief, sex, gender reassignment or sexual orientation.