About Company

Discover a dynamic environment where your expertise in model risk analysis can truly thrive. Career.florahealthcareltd excels at identifying and cultivating top-tier analytical talent across diverse sectors, including specialized financial risk management. We are dedicated to providing professionals with pathways to highly impactful roles, valuing deep quantitative skill and strategic foresight above all. For an experienced Model Risk Analyst, we offer an unparalleled opportunity to engage with complex challenges, apply advanced methodologies, and contribute to the stability and integrity of financial systems, mirroring the rigorous standards of leading global institutions. Elevate your career by joining a firm that champions your growth.

Job Description

We are seeking a highly accomplished and experienced Model Risk Analyst to join our team in Cardiff. This pivotal role is designed for professionals who possess a deep understanding of quantitative finance, strong analytical acumen, and a proven track record in model validation and risk management within complex financial institutions. As a Model Risk Analyst – Experienced Professional, you will play a critical role in ensuring the robustness and integrity of financial models used across various domains, including market risk, credit risk, operational risk, and asset liability management. The ideal candidate will bring a rigorous, detail-oriented approach to evaluating model design, implementation, and performance, identifying potential limitations and proposing effective mitigation strategies.

Working within a demanding and intellectually stimulating environment, you will be instrumental in maintaining the highest standards of model governance and compliance with evolving regulatory landscapes (e.g., PRA, FCA, SR 11-7). This position requires not only exceptional technical capabilities but also the ability to communicate complex quantitative concepts clearly and concisely to diverse stakeholders, including senior management, model developers, and regulatory bodies. You will leverage your expertise to challenge assumptions, interpret quantitative results, and provide insightful recommendations that directly impact strategic decision-making and risk posture. This is an unparalleled opportunity for a driven professional to make a significant impact, grow their career, and work alongside some of the brightest minds in finance, adhering to the exemplary standards benchmarked by leading global firms like Goldman Sachs.

Key Responsibilities

• Perform independent validation of a diverse range of financial models (e.g., pricing, risk, capital, stress testing) across various asset classes and business areas.
• Assess model conceptual soundness, input data, assumptions, analytical techniques, and limitations.
• Develop and implement robust challenger models and benchmarks to critically evaluate existing models.
• Document validation findings comprehensively, clearly articulating identified risks and recommending appropriate remediation actions.
• Engage actively with model developers, business users, and risk managers to understand models and their business context.
• Stay abreast of regulatory developments, industry best practices, and emerging risks in model risk management.
• Contribute to the enhancement of the firm's model risk governance framework, policies, and procedures.
• Provide technical guidance and mentorship to junior analysts, fostering a culture of continuous learning and excellence.
• Present validation results and recommendations to senior stakeholders and committees.

Required Skills

• Master's or Ph.D. in a quantitative field (e.g., Mathematics, Physics, Statistics, Financial Engineering, Computer Science).
• Minimum 6 years of experience in model validation or model development within the financial services industry.
• Profound knowledge of financial products, markets, and quantitative modeling techniques.
• Strong proficiency in programming languages such as Python, R, SAS, C++, or MATLAB.
• Expertise in statistical analysis, econometrics, time series analysis, and numerical methods.
• Demonstrated understanding of regulatory requirements related to model risk (e.g., SR 11-7, PRA SS1/23).
• Excellent written and verbal communication skills, with the ability to convey complex technical information to non-technical audiences.
• Strong problem-solving abilities and critical thinking.
• Ability to work independently and collaboratively in a fast-paced environment.

Preferred Qualifications

• CFA, FRM, or other relevant professional certifications.
• Experience with machine learning techniques in financial modeling.
• Knowledge of stress testing frameworks and capital planning.
• Prior experience working with front office, risk management, or regulatory bodies.
• Familiarity with cloud computing platforms (e.g., AWS, Azure, GCP) for model deployment and analysis.

Perks & Benefits

• Competitive salary and performance-based bonuses.
• Comprehensive health, dental, and vision insurance.
• Generous paid time off and public holidays.
• Company pension scheme with employer contributions.
• Professional development opportunities and support for certifications.
• Flexible working arrangements (hybrid model).
• Modern office facilities in a vibrant city location.
• Employee assistance program.
• Access to a wide range of learning resources and internal training programs.

How to Apply

To seize this exceptional opportunity, please click on the application link below. Ensure your resume highlights your quantitative expertise, model validation experience, and impact in previous roles. We look forward to reviewing your application.