Model Risk Validation Officer

2 weeks ago

Bengaluru Karnataka, India NatWest Full time

Join us as a Model Risk Validation Officer
- This is an opportunity for a passionate and driven risk specialist to join our business
- We’ll look to you to help review and validate credit and finance models relating to wholesale, commercial and retail portfolios across all business units and legal entities
- It's an ideal role to gain detailed exposure to the developing world of model risk, as well as to a range of stakeholders and senior executives
- We're offering this role at associate level

**What you'll do**:
As a Model Risk Validation Officer, you’ll be running SAS codes to match the modelling results and undertaking data analysis to make sure that the data risks are adequately highlighted. We’ll look to you to review the models’ MI packs to identify model performance or data related issues, and support your team members by maintaining issue logs and MI on the review pipeline.

You’ll also be:

- Assisting in running Pillar 3 reviews by verifying the analysis and understanding the code logic
- Developing SAS libraries on validation tests and undertaking regression testing
- Performing sensitivity analysis to assess the adequacy of modelling or data assumptions, documenting all the analysis in a succinct and clear manner
- Preparing checklists for various validation activity to make sure that appropriate controls are established and consistently followed
- Providing expert advice on aspects of risk management, including providing senior executives with relevant MI and reports

**The skills you'll need**:
We’re looking for someone with a quantitative degree and experience of models within a credit risk environment. You should have an understanding of Basel requirements and good working knowledge of SAS.

You’ll also need:

- Excellent attention to detail
- The ability to communicate, both verbally and in writing, to senior colleagues
- Strong Excel, PowerPoint and Word skills

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