LSEG on cord

LSEG

Model Validation Manager

External position
London, UK
Hiring internally for LSEG?
Finance · Data
We play a vital social and economic role in the world’s financial system.
Posted
3 days ago
Checked
cord regularly checks that external positions are still open
2 days ago

Skills & Experience

Job roles: Risk and Compliance
Experience level: Senior, Lead
Core skills considered: Data Analysis, Python, SQL
Other skills considered: Risk mitigation, Data Protection

Logistics

Base salary: Undisclosed
Some companies on cord are unable to disclose salaries publicly due to internal company policies. Message the company for salary information.
Employment type: Permanent
Remote working: Hybrid
Visa sponsorship: Not available

Job Description

The Model Validation Manager is responsible for Model Validation and sits within the CRO function. The role reports to the Quantitative Analysis and Model Validation Director, within the broader Market Risk Team. The role covers all clearing services in LCH Ltd (SwapClear, Listed Rates, ForexClear, RepoClear and EquityClear) and CaLM (Collateral and Liquidity Management).


Responsibilities

  • Manage the execution of the annual LCH Ltd Model Validation cycle (including off-cycle material model change reviews) within regulatory and policy compliant timelines, providing effective challenge to model owners on model formulation, assumptions and implementation.
  • Supporting the Quantitative Analysis and Model Validation Director in maintaining relevant market risk policies (e.g. Model Governance Validation & Review)
  • Manage the independent validations of the LCH Ltd initial margin models, pricing models, credit rating models, stress test scenarios, liquidity risk framework, collateral risk framework and related risk procedures. Including interactions with the LSEG Model Validation Team, Procurement and external Model Validation providers.
  • Maintain up to date model inventory, actions tracking, model validation reports, policy and procedure and provide MI to Executive Committees such as ERC, RiskCo.
  • Supporting the Quantitative Analysis and Model Validation Director in providing insight on Model Validation topics for LCH Ltd, acting as the subject matter expert for LCH Ltd Model Validation, in internal as well as regulatory engagements.
  • Acts as a quantitative risk expert in support of all other risk managers in the team
  • Helps develop and maintains analytical tools to enable risk analysis

Work experience

  • Strong experience working in a quantitative risk, model validation or model development function within a financial services organisation and/or model validation experience working on financial risk models
  • Good understanding of the central clearing business

Technical skills

  • Deep domain expertise, including extensive technical knowledge of risk management techniques such as Value at Risk, Expected Shortfall and Stress Testing
  • Ability to critically review risk models and provide effective challenge to senior technical colleagues
  • Strong organisational focus with experience of handling a complex set of deliverables with limited resources
  • Demonstrable programming expertise, with prior experience in Python and SQL preferred
  • Able to produce and review technical model validation reports for senior governance audiences

Soft skills

  • Good collaboration and negotiation skills to be successful as the role will interact with other departments, most notably the first line risk teams and LSEG model validation team, as well as external validators.
  • Proactive, pragmatic, and thoughtful approach
  • Good presentation skills to convey model validation outcomes to senior stakeholders

Education

  • Educated to a degree level in a numerical or scientific field, or equivalent experience
  • Post-graduate qualifications in a quantitative field would be a definite advantage
  • Relevant professional qualifications, would be advantageous
Model Validation Manager at LSEG
Position posted 3 days ago

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Starling Bank on cord

Starling Bank

Full Stack Engineer (ML Ops)

London, UK
FinTech · Banking · Finance
A better bank for everyone
Active
over 6 months ago
Responds to
0% of requests
Responds in
1h 55m
Requests
7 pending

Skills & Experience

Job roles: Full Stack
Experience level: Mid, Senior
Core skills considered: Java, React, Redux, AWS, JavaScript

Logistics

Base salary: £70K - £110K
Employment type: Permanent
Remote working: Hybrid (up to 2 remote days p/w)
Visa sponsorship: Not available

Job Description

Starling is the UK’s first and leading digital bank on a mission to fix banking! Our vision is fast technology, fair service, and honest values. All at the tap of a phone, all the time.

Starling is the UK’s first and leading digital bank on a mission to fix banking! We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way.

We’re a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We’re a bank, but better: fairer, easier to use and designed to demystify money for everyone. We employ more than 3,000 people across our London, Southampton, Cardiff and Manchester offices.

Our technologists are at the very heart of Starling and enjoy working in a fast-paced environment that is all about building things, creating new stuff, and disruptive technology that keeps us on the cutting edge of fintech. We operate a flat structure to empower you to make decisions regardless of what your primary responsibilities may be, innovation and collaboration will be at the core of everything you do. Help is never far away in our open culture, you will find support in your team and from across the business, we are in this together!

The way to thrive and shine within Starling is to be a self-driven individual and be able to take full ownership of everything around you: From building things, designing, discovering, to sharing knowledge with your colleagues and making sure all processes are efficient and productive to deliver the best possible results for our customers. Our purpose is underpinned by five Starling values: Listen, Keep It Simple, Do The Right Thing, Own It, and Aim For Greatness.

Hybrid Working

We have a Hybrid approach to working here at Starling - our preference is that you're located within a commutable distance of one of our offices so that we're able to interact and collaborate in person. We don't like to mandate how much you visit the office and work from home, that's to be agreed upon between you and your manager.

Our Data Environment

Our Data teams are excited about the value of data within the business, powers our product decisions to improve things for our customers and enhance effective and agile decision making, regardless of what their primary tech stack may be. Hear from the team in our latest blogs or our case studies with Women in Tech.

We are looking for talented data professionals at all levels to join the team. We value people being engaged and caring about customers, caring about the code they write and the contribution they make to Starling. People with a broad ability to apply themselves to a multitude of problems and challenges, who can work across teams do great things here at Starling, to continue changing banking for good.

Requirements

We have built our entire banking platform in house and mostly in Java. We are looking for people who want to work on building the tooling that is used by our engineers on a daily basis.

We are looking for people who are truly full stack, and are as comfortable polishing their javascript front end as they are debugging the innards of their java applications database interactions, or standing up infrastructure with terraform. We are looking for people who can:

  • Design REST apis.
  • Code backend services, ideally using Java, or another other server side compiled language.
  • Develop modern front ends, ideally using React and Redux.
  • Get their code into the cloud and support it there, ideally on AWS.
  • Believe in clean coding, simple solutions, automated testing and continuous deployment.
  • Like to take ownership of a feature from the original idea through to live.
  • Think (like us) that a small number of empowered developers is the right way to deliver software.

Company Benefits

  • 33 days holiday (including flexible bank holidays)
  • An extra day’s holiday for your birthday
  • 16 hours paid volunteering time a year
  • Part-time and/or flexible hours available for most roles
  • Salary sacrifice, company enhanced pension scheme
  • Life insurance at 4x your salary
  • Hybrid/remote working
  • Private Medical Insurance with VitalityHealth including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton
  • Generous family-friendly policies
  • Varied social groups set up and run by our employees
  • Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
  • Access to initiatives like Cycle to Work, Salary Sacrificed Gym partnerships and Electric Vehicle (EV) leasing

Full details are available on our careers site

Interview Process

Interviewing is a two way process and we want you to have the time and opportunity to get to know us, as much as we are getting to know you! Our interviews are conversational and we want to get the best from you, so come with questions and be curious. In general you can expect the below, following a chat with one of our Talent Team:

  • Stage 1 - 30 mins with one of the team
  • Stage 2 - Take home challenge
  • Stage 3 - 90 mins technical interview with two team members
  • Stage 3 - 45 min final with an executive and a member of the people team
Alex Yeates on cord
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