Throughout your work , you'll report on the findings of model risk management reviews, making sure they are tailored to your audience, which will include senior management, regulators, model developers, and end-users.
You'll also be:
Implementing and maintaining appropriate and proportionate mandatory procedures that define the governance of models
Developing, maintaining and promoting the risk appetite framework in relation to model risk
Playing an active part in the development of your team and helping to coach less experienced colleagues
Making sure that models are appropriate for their designated uses, and that significant model risks are identified and effectively communicated to senior management and model end-users
Performing model risk analysis to satisfy regulatory queries and requirements
The skills you'll need
We're looking for someone with experience in model review or development of risk models . You'll need a strong understanding of risk modelling within traded market risk, non-traded market risk, counterparty credit risk, economic capital or pension risk.
Crucial to your success in this role will be excellent problem-solving and analytical skills and your ability to communicate with and influence senior management, and develop effective relationships with a range of internal and external stakeholders.
You'll also need:
A postgraduate degree in a quantitative subject such as mathematics, physics or quantitative finance, or similar professional qualifications
Hands-on, in-depth skills in advanced quantitative modelling, and knowledge of the associated risk management issues in a practical business context
Knowledge of model risk regulatory requirements
The ability to assist in team planning and prioritisation, including detailed planning of assigned projects within the team's roadmap
The ability to work well as part of a team and under the guidance of other team members, to deliver successful timely outcomes consistent with industry-leading practices
Hours
35
Job Posting Closing Date:
14/06/2026
Ways of Working:Hybrid
Additional Information
Join us as a Model Risk Officer
As a Model Risk Officer, you'll be advancing your skillset and advising on how model risk can be reduced or mitigated
We'll look to you to review and challenge first line model assurance activities performed by model development teams
You'll gain strong exposure , with the opportunity to develop key relationships with relevant management, colleagues, model owners, developers and end-users
Royal Bank Of Scotland · Edinburgh, UK