Group Model Risk Analyst

Recruiter
Hays IFS
Location
Brighton
Posted
14 Feb 2018
Closes
15 Mar 2018
Contract Type
Permanent
Hours
Full Time
A Risk management job in Brighton & Hove for £44K

A new vacancy has arisen in the Risk Management business which supports the Insurance products through this leading, national Insurance and financial services company in the Brighton area of Sussex.

The job duties will include the following:

The Model Risk & Control Framework (MRCF) is designed to reduce the risks relating to model uncertainty within the business Group. The Framework consists of group oversight by the Model Risk & Control Committee (MRCC) through a model inventory, and reporting of model risk management activities by each division, and group policies and standards.
The Group Model Risk Analyst will assist the Model Risk Director (MRD) and Group Model Risk Manager in ensuring good oversight of the framework by the MRCC.
Primary responsibilities will be the maintenance and development of the Model Inventory, currently maintained offline, but expected to migrate shortly onto OneSumX.

The successful candidate will demonstrate the following skills:

- Risk Qualification (desirable)
Knowledge:
- The design and features of products sold by the insurance industry.
- The purpose and use of models within the insurance industry.
- A good appreciation of the MRCF (or IM) framework
- A good understanding of the breadth of the Group's activities, and model risk universe

Experience/skills:
- Experience of using OneSumX
- Risk management experience
- Experience of producing reports/MI to deadline, e.g. for a committee
- Communication skills and stakeholder management

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