Model Risk Management Senior Analyst

Job Introduction

Handelsbanken is a relationship bank built on trust, long-term thinking and local decision-making. We provide bespoke banking and wealth management services to personal and corporate customers.

Our decentralised model means decisions are made close to the customer, in our branches. Our central Functions teams play a vital role in supporting the branch network, providing the expertise, governance and infrastructure that enable branches to serve customers effectively and sustainably.

This approach had underpinned our success for decades. Handelsbanken is independently recognised as one of Europe’s safest commercial banks, holds the strongest credit rating among its peers and is consistently ranked highly for customer satisfaction and relationship banking.

Our culture is values-led, shaped by trust, respect, and long-term thinking. We empower our people to use their expertise, make confident decisions and build long-term careers. We look for people who share our long- term vision, want to grow and want to make a meaningful impact in their local community and with the Bank.

We also recognise that flexibility can support people to perform at their best, and that it looks different for everyone. While arrangements will depend on the requirements of the role and the needs of the business, we are open to having a conversation around what flexibility could look like for you.

Check our Handelsbanken website for further information.

We are looking for a Model Risk Management Senior Analyst to join the Bank.

The Model Risk Management (MRM) team sits within the UKR Risk department and is responsible for the design and maintenance of the Bank's Model Risk Management framework, ensuring robust model governance, independent challenge and effective oversight of models across the Bank.

As the Bank continues its deliberate and disciplined adoption of Artificial Intelligence (AI), the MRM team is expanding its remit to provide independent validation, challenge and governance of AI systems and AI-enabled use cases. The Bank does not seek to be a first mover in AI technologies; instead, it aims to adopt and scale AI capabilities where benefits can be clearly demonstrated and where appropriate governance, controls and oversight mechanisms are in place.

This role offers a unique opportunity to join the Bank at an early stage of its AI journey and contribute to the development and embedding of the Bank's AI Model Risk Management Framework. The successful candidate will support the independent review, validation and ongoing oversight of AI systems and use cases, including Generative AI (GenAI), Large Language Models (LLMs), Agentic AI solutions and third-party AI-enabled applications.

The role will be responsible for ensuring that AI-related risks are appropriately identified, assessed, documented, challenged and monitored throughout the lifecycle of AI use cases, in line with the Bank's risk appetite, governance standards and regulatory expectations, including PRA SS1/23.

• Perform independent reviews, validations and risk assessments of AI systems, AI-enabled use cases and existing models, providing objective challenge and oversight;
• Support the implementation and ongoing enhancement of the Bank's AI Model Risk Management Framework, Validation Standards and associated governance processes;
• Assess whether key AI risks have been appropriately identified, documented, mitigated and monitored throughout the lifecycle of AI use cases;
• Support the identification, registration, validation and ongoing monitoring of in-scope AI systems and use cases;
• Contribute to the development and maintenance of a risk-based AI Risk Rating methodology to support proportionate oversight and…