Credit Model Validation Manager (Fintech)

TL;DR

Credit Model Validation Manager (Fintech): Providing independent oversight and validation of credit risk models for lending products with an accent on customer-level decisioning and credit strategies. Focus on validating underwriting scorecards, PD models, and the adoption of AI tools to enhance the model risk framework.

Location: Must be based in the UK (Remote, London, or Cardiff)

Salary: £79,000 - £93,000 + Incentive Awards

Company

A digital bank on a mission to make money work for everyone by challenging traditional banking methods.

What you will do

• Lead hands-on independent validation of credit decisioning models, including ML, decision science, and NPV models.
• Oversee broader credit risk models such as IFRS9, stress testing, and economic response models.
• Perform statistical analyses and develop challenger models to test assumptions and strengthen validation conclusions.
• Improve the Model Risk Framework by overseeing policies, standards, and regulatory guidelines.
• Write impactful validation reports and present findings to relevant committees.
• Lead the adoption of AI tools to enhance the model validation approach.

Requirements

• Must be based in the UK.
• Practical experience in credit model development or validation, specifically with scorecards, PD models, and NPV modelling.
• Proficiency in SQL and Python for hands-on data analysis.
• Deep understanding of statistical techniques for credit and model risk.
• Strong communication skills to articulate complex technical issues to non-experts.
• Ability to build trusting relationships and provide respectful challenge to stakeholders.

Nice to have

• Exposure to various machine learning modelling techniques.
• Experience with data visualisation tools like Tableau or Looker.

Culture & Benefits

• Flexible working hours and trust-based productivity.
• £1,000 annual learning budget for books, courses, and conferences.
• Provision of MacBooks and additional support for fully remote home setups.
• Incentive awards tied to individual performance.

Hiring process

• Initial call with a recruiter.
• Interview with the Senior Model Validation Manager (Hiring Manager).
• Role-specific technical call with credit modelling colleagues involving a case study discussion.
• Values and collaboration interview.