Model Validation Specialist

How You'll Help Us Live Our Purpose

We've been helping our members save for their future and buy a home of their own since 1875. By joining us, you'll play a big role in helping us to put home ownership within reach of more people, generation after generation.

We've been helping our members save for their future and buy a home of their own since 1875. By joining us, you'll play a big role in helping us to put home ownership within reach of more people, generation after generation. It's a purpose that drives everything we do and one we're proud of. And you can play your part too – join our dedicated Risk division on a 12 month fixed term contract as a Model Validation Specialist and play an important part in that purpose by providing independent, expert challenge across the models that help us understand credit risk, make sound decisions and meet regulatory expectations.

You will perform independent model validation reviews and oversight of the Society's residential mortgage IRB and other credit-related models to ensure they are conceptually sound, appropriately implemented, and are compliant with internal policies and external regulations. In addition, the role will support with the independent validation of other financial models performed within the team, as required.

• Knowledge and experience of using Python, SAS and other programming languages e.g. SQL.
• Be highly numerate with proven experience of credit risk / IRB model development or validation within a financial institution.
• A good understanding of residential mortgage portfolios, risk drivers, and lifecycle credit risk behaviour.
• Experience of model performance metrics, validation techniques and ideally knowledge of model risk management regulatory requirements is preferred.
• Excellent analytical skills and a strong attention to detail.
• Excellent written and verbal communication skills with the ability to clearly convey complex issues to non-technical stakeholders.
• High levels of independence, integrity and professional judgement.
• Be a self-motivator with good planning and organisational skills.

• An annual colleague bonus of up to 12%
• Hybrid working with 60% of your time at home
• Matched pension contributions of up to 10%
• 26 days holiday, plus bank holidays and holiday purchase scheme of up to 5 days each year
• Colleague Mortgage and Saver products
• Electric vehicle scheme/ Cycle to Work scheme
• 2 days' volunteering per year

We'll give you a place to belong with the support to learn, develop and shape a meaningful career.

Our business is centred around our people. Our colleagues are at the heart of everything we do and we're extremely proud of our Inclusive Employers Gold accreditation in 2023. We're committed to equal opportunities regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability or gender identity.

You’ll be joining a truly purpose-focused culture which helped us win the Leading with Purpose award at the 2023 Business Culture Awards. This recognises the progress we're making to embed our purpose with our colleagues, and the actions we've taken to put home ownership within reach of more people, generation after generation.