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Models Validation Senior Analyst

Models Validation Senior Analyst

Close BrothersLondon, England, United Kingdom
14 days ago
Job type
  • Full-time
Job description

Salary : Competitive Salary, Discretionary Bonus + Company Benefits

The Vacancy

Overall Summary

At Close Brothers, we recruit individuals from diverse backgrounds and encourage applications even if you don’t meet every qualification. We promote inclusivity and are open to flexible work arrangements to support work-life balance.

Join our Central Risk Team as a Model Validation Senior Analyst, where you will support and execute the delivery of model risk validation objectives within the Model Risk management team.

Our ideal candidate will have hands-on experience in technical model development, implementation, validation, or oversight in areas such as credit risk (retail and / or wholesale), PD / LGD / EAD estimations, IFRS9, operational risk, asset & liability management, stress testing, sensitivities, or time series modeling.

Responsibilities

  • Support the implementation of the Group’s target operating model for the second-line Model Validation function.
  • Ensure models are fit for purpose in line with CBG’s strategy and objectives.

Perform independent reviews of models, including capital, IFRS9, and pricing models :

  • Understand model purpose, mathematical basis, implementation, and limitations. Assess model behavior under stress, such as in capital calculations.
  • Conduct rigorous testing to evaluate risk representation, suitability, robustness, calibration stability, performance, and distributional tests.
  • Apply quantitative and qualitative validation techniques, including independent model implementation.
  • Propose solutions to model deficiencies.
  • Document validation processes, methodologies, analyses, and findings according to group standards.
  • Support new modeling initiatives through code reviews and improvement suggestions.
  • Research statistical techniques for parameter estimation, risk factor volatilities, correlations, and validation of proxies and fallback parameters.
  • Benchmark model components against alternative methods to justify approaches.
  • Identify key areas for business support and model implementation.
  • Review and guide model documentation.
  • Stay updated on regulatory changes, industry practices, and quantitative techniques.
  • Ensure compliance with governance, regulatory, and reporting standards.
  • Adhere to Close Brothers’ Vision and Values at all times.

    • Qualifications & Skills

  • Experience in modeling and validation within banking portfolios or related fields.
  • Ability to interpret technical documentation and produce accessible reports.
  • Proficiency in statistical programming languages (e.g., SAS, R, Python, Matlab, Excel).
  • Strong analytical skills, attention to detail, and a control-oriented mindset.
  • Excellent communication and presentation skills.
  • Knowledge of regulatory compliance requirements.
  • Good interpersonal skills, proactive, and self-motivated.

    • Desirable

  • Industry certifications such as FRM, CFA, or SAS are a plus but not essential.

    • We are committed to accessibility and supporting applicants with disabilities or long-term conditions. Please contact us at atrecruit.ssc@closebrothers.com for alternative formats or to discuss accommodations.

    About Us

    Close Brothers is a leading UK merchant banking group offering lending, deposits, and securities trading. We employ around 3,000 people across the UK and Ireland, with a presence on the London Stock Exchange and inclusion in the FTSE 250.

    Our mission is to be the best place in the UK for wealth professionals and clients, promoting financial planning, investing, and long-term savings.

    We support flexible and hybrid working arrangements to help employees balance their priorities.

    We value diversity and inclusion, aiming for a workforce that reflects these principles at all levels.

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    Senior Analyst Model Validation • London, England, United Kingdom