Senior Model Validation Manager

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge : we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.

Team description

Model Risk & Validation is responsible for the independent review and challenge of the models used within Investec Bank plc and helps ensure we manage Model Risk in line with policy, regulation, risk appetite and UK best practice.

Description of role and key responsibilities

As a Model Validation Manager, your main role will be the review and technical validation of the models used within Credit Risk, to help ensure the bank's models are managed in line with policy, regulation and risk appetite. Key activities include :

• Risk Team Leadership and Management : Act as India lead for Risk function. Participates in the evaluation panel to assess candidates for cultural, organisational, and process alignment, ensuring a comprehensive selection process that values both technical abilities and team dynamics. Identifies training and development needs, collaborating with the functional leader and L&D team to offer learning support. Collaborate with the functional leader to identify gaps in delivery areas, cross training opportunities within risk function. Contributes to People strategy process. Facilitates onboarding and offboarding processes for employees, ensuring they have access to necessary Investec-mandated training, compliance resources, and support for success in their roles. Manages team dynamics, addresses grievances, and promotes a positive work environment
• Credit Model Validations : Conduct end-to-end independent model validations for our new and existing credit risk models (PD, EAD and LGD) for IRB and IFRS 9, in line with the bank's internal policies and standards and relevant UK regulatory requirements.
• Findings Management : Regularly track open validation findings and ensure they remain up to date and accurate and review any submitted evidence to support their closure, to facilitate the periodic model review process.
• Analysis & Reporting : Producing qualitive and quantitative analysis, which may include industry and statistical insights to support the model approval process and for senior management reporting.
• Model Risk Management : Carry out Model Risk BAU management activities, such as reviewing the bank's Model Inventory, supporting the development of the bank's Model Risk Framework, including policies and standards.
• Stakeholder Engagement : Work closely with Model Development, Internal Audit and other risk areas, as well as support the Credit and Business functions in their understanding of the models and their associated assumptions and limitations.
• Best Practice : Research, design and implement best practice methodologies and tools for validating credit risk models, in line with regulatory expectations (including the PRA Rulebook, supervisory requirements, SS1 / 23) and current industry practices.

Core skills and knowledge

Any other attributes that would be helpful, but not essential for the role.

As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote.

Investec offers a range of wellbeing benefits to make our people feel healthier, balanced and more fulfilled in their lives inside and outside of work.

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.

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