Head of Model Risk Management (MRM) & Enterprise Risk Analytics

Data, Risk & Analytics London, United Kingdom


Description

Head of Model Risk Management (MRM) & Enterprise Risk Analytics

Salary: Competitive 

Location: Location 

Closing date: 26 July 2019 

The Role

Funding Circle’s Global Risk and Analytics team is looking to add an enthusiastic, smart, & results-driven leader to manage and lead our independent model validation and enterprise risk analytics (credit quality, fraud analytics, financial crime analytics) function.

  • The candidate will report to the Global Head of Enterprise Risk and support the Global Risk and Analytics leadership team
  • The Head of MRM and Enterprise Risk Analytics will manage a team of decision and data scientists and will be responsible for implementing independent model validation and monitoring, and Enterprise Risk analytics function across all Funding Circle geographies (UK, US, Germany, Netherlands, Canada). 
  • The successful candidate will work on multiple model validation projects and other Global R&A projects
  • He/she will collaborate with the Model Development team, Business Unit Chief Risk Officers and Business teams to provide analytical support for model development and the strategy building; and ensure that any model risks, fraud and money laundering risks are highlighted effectively.

Overview of the role:

  • Manage the team of decision and data scientists to perform model validation and ongoing model monitoring to test the performance of credit risk model, stress testing model and other risk models; ensure the validation and monitoring adhere to Funding Circle standards established to adhere to policy, accounting requirements, investor requirements, and industry best practices
  • Lead projects for the relevant quantitative analyses to increase the accuracy and efficiency of the fraud prevention and anti-money laundering model
  • Establish the process of validation, monitoring and financial crime prevention optimisation on a regular and ad-hoc basis
  • Maintain Funding Circle Model Inventory, including identification and risk assessment of models used within Funding Circle group
  • Present summaries of model performance monitoring and validation findings to Model Risk Forum, Credit Risk Management Committee and investors; and assist those constituents regarding matters related to model performance and reliability
  • Work collaboratively with Model Development team and the Financial Crime team across the company to achieve best practice and optimise financial crime prevention tools

Qualifications & Skills:

  • Masters in Statistics or relevant field is preferable
  • Proven industry experience in developing end to end statistical and machine learning models for credit risk, fraud risk and AML
  • Advanced understanding of model validation techniques for all credit risk model types and working knowledge on fraud risk and anti-money laundering models
  • Experienced managing and developing a team of modellers/validation specialist
  • Excellent ability to translate complex problems into clear and simple stories
  • An open minded, collaborative and personable individual , identification with our Mission, “To build a better financial world” and alignment with our Core Values: Think Smart, Make It Happen, Be Open, Stand Together, Live The Adventure