Model Risk – Senior Associate

Financial Conduct Authority

Regulating financial services firms and financial markets in the UK.

The Risk & Compliance Oversight Division (R&CO) is the FCA’s second line of defence, responsible for the Risk Management Framework, organization‑wide risk oversight and reporting, regulatory investigations, compliance oversight and complaints.

• Contribute to the development and embedding of the model risk management framework, supporting training, communication and adoption across the FCA
• Provide oversight, guidance and constructive challenge to first line of defence (1
  
  LOD) model development and governance activities
• Work closely with modelling teams to support model risk assessments, evaluate controls, advise on validation approaches and help ensure model inventory data is accurate and complete
• Support assurance activities such as independent model validations and thematic reviews
• Support the maintenance and ongoing development of the FCA Model Inventory, including contributing to data analysis and reporting for senior stakeholders
• Work collaboratively with R&CO colleagues to stay informed on developments across risk and contribute to updates on internal AI and model risk
• Build and maintain a network across key 1
  
  LOD areas (e.g. Advanced Analytics, Data Management, AI Governance) and stay up to date with developments in AI and Model Risk Management
• Adhere to the FCA values and ways of working in the delivery of outcomes

London, Edinburgh, Leeds

Full time, Permanent

Hybrid

15/06/2026